Pendal to close Enhanced Credit fund

Pendal-Group/Perpetual/bonds/fixed-income/

Pendal has told investors it will start winding up its Enhanced Credit fund from December, its third fund closure this year.

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Knowing when to scale up an advice business

financial-advisers/Virtual-Business-Partners/scale/

VBP consultant Sue Viskovic has warned advisers thinking of going self-licensed that they need to act “from a business head, not an adviser head” when it comes to scaling up their practice.

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Growing interest in private markets presents new opportunities for advisers

praemium/private-markets/high-net-worth/financial-advisers/

A report has highlighted a growing appetite among high-net-worth individuals for private market investments, creating a significant opportunity for advisers.

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BT and Striver unveil career pathways program

striver/BT/bt-financial-group/new-entrants/financial-advisers/

The two firms have announced a new online development program to support career changers, advice support staff and university graduates in joining the financial advice profession.

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Finalists unveiled for Super Fund of the Year Awards 2024

Money Management’s sister brand Super Review is pleased to reveal that over 120 finalists will compete for trophies at this year’s awards.

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Inquiry into Dixon Advisory approved by Senate

Sarah-Abood/CSLR/Dixon/Dixon-Advisory/

An inquiry is due to probe the collapse of Dixon Advisory and its impact on the Compensation Scheme of Last Resort.

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Advisers leading the charge in ETFs’ explosive growth

ETFs/stockspot/financial-advisers/Chris-Brycki/

The Australian ETF market could climb to $800 billion in assets under management by 2034, according to new Stockspot analysis, with financial advisers underpinning this upward trajectory.

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Regal takes aim at Platinum in new takeover bid

regal/Regal-Partners-Limited/Platinum/Platinum-Asset-Management/mergers-and-acquisitions/

Platinum is “considering the merits” of being the specialist alternative manager’s latest M&A target.

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Advice sector offsets double-digit losses

Wealth-Data/Colin-Williams/adviser-numbers/financial-advisers/

The industry has regained the majority of losses seen in the previous week, with one licensee seeing a gain of six new advisers.

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