GQG to acquire three PAC affiliates in US$71m deal

GQG-Partners/Regal-Partners-Limited/Pacific-Current-Group/M&A/

| By Rhea Nath |

Having unsuccessfully tried to acquire Pacific Current Group last year, GQG Partners has agreed to acquire three of its US-based affiliates for US$71.2 million.

AUTHOR

Rhea Nath

Rhea L Nath is a journalist at Money Management. She has previously worked as a business reporter with Dynamic Business and journalist in the multicultural media with Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.

View articles by Rhea

Rhea 's social profiles:

E-mail Author

Pessimistic economic outlook detracts from ethical priorities: RIAA

RIAA/responsible-investing/sustainable-investing/financial-advice/

| By Laura Dew |

Financial planning

Ethical considerations fall down the list in terms of priorities for consumers seeking financial advice when there is a pessimistic economic environment, according to the RIAA study.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

View articles by Laura

Laura 's social profiles:

CSLR updates on levy payable by financial advisers

CSLR/financial-advice/AFCA/Dixon/

| By Laura Dew |

Financial planning

The Compensation Scheme of Last Resort has determined the estimates for the first and second levy periods, including the proportion payable by financial advisers, ahead of its implementation next month.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

View articles by Laura

Laura 's social profiles:

Prime Value appoints distribution director from Investors Mutual

prime-value-asset-management/Prime-Value/appointments/hires/Investors-Mutual/

| By Laura Dew |

Funds management

Boutique Australian-owned fund manager, Prime Value Asset Management, has appointed a new director of distribution.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

View articles by Laura

Laura 's social profiles:

100 days on from the final QAR response

quality-of-advice-review/Stephen-Jones/treasury/financial-advice/

| By Laura Dew |

Financial planning

What has happened in the financial advice space over the 100 days since Minister for Financial Services, Stephen Jones, announced the government’s final response to the Quality of Advice Review?

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

View articles by Laura

Laura 's social profiles:

The downsides of innovative retirement product development: Deloitte

Deloitte/retirement/treasury/financial-advice/retirement-costs/

| By Laura Dew |

Financial planning

The development of a broad array of innovative products should not be first priority for the industry when it comes to retirement and could drive up the cost of financial advice, according to Deloitte.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

View articles by Laura

Laura 's social profiles:

Independent sustainable verification needed amid greenwashing crackdown

ASIC/RIAA/sustainable-investing/Australian-Ethical/responsible-investment/greenwashing/

| By Laura Dew |

Funds management

Over three-quarters of consumers say they would be more likely to invest in products that were verified by an independent source as being responsible, with greenwashing fears on the rise.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

View articles by Laura

Laura 's social profiles:

MFS appoints CIO amid CEO transition

MFS-Investment-Management/ceo/chief-investment-officer/

| By Laura Dew |

Funds management

MFS Investment Management has appointed Alison O’Neill as its next chief investment officer.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

View articles by Laura

Laura 's social profiles:

Winners and losers: Morningstar identifies 10 managers seeing largest redemptions

morningstar/outflows/redemptions/fund-flows/fund-management/

| By Laura Dew |

Funds management

Traditional active asset managers will have to “perform and adapt, or lose”, according to Morningstar, naming 10 firms that have seen the largest inflows and outflows in the past year.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

View articles by Laura

Laura 's social profiles:

How many licensees successfully filed their first IDR report?

ASIC/IDR/financial-reporting/

| By Laura Dew |

Financial planning

ASIC has issued its first update since the completion of the internal dispute resolution reporting, sharing the percentage of first-time reports that were submitted on time.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

View articles by Laura