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Submissions open for Women in Finance Awards 2024

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Money Management is now accepting nominations and submissions for the Women in Finance Awards, to be held in November 2024.

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Aussie investors flee active sustainable funds

morningstar/ESG/sustainable-funds/

Australian and New Zealand sustainable funds saw outflows of more than $1.2 billion in the second quarter of 2024, according to Morningstar, with active strategies accounting for the majority.

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How much could adviser numbers grow by in 5 years?

adviser-numbers/Deloitte/financial-advice/financial-advisers/iress/

A new report has forecast how adviser numbers would look in five years’ time and the rate of expected annual growth.

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Insignia staff at risk of slashed redundancy provisions

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Insignia Financial has proposed slashing staff redundancy pay arrangements by 58 weeks, potentially making it one of the lowest in the industry.

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Platinum unveils strategic plan for LICs

Platinum/listed-investment-company/review/

Following a strategic review, Platinum has announced it will merge its two listed investment companies with two of its quoted managed hedge funds.

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Adelaide-based advice firm makes leadership promotion

providence-wealth/adelaide/appointment/financial-advice/

Financial advisory group Providence Wealth South Australia has promoted its co-founder to the role of director to help steer the future direction of the business.

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Maple-Brown Abbott to be acquired

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Maple-Brown Abbott has finalised an agreement to be acquired by a rival fund manager to create a firm with $18.6 billion in assets under management, just two months after its former CEO exited to lead Magellan.

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Perpetual reports $9bn in quarterly outflows

Perpetual/FUM/Rob-Adams/

Perpetual has seen another difficult quarter for its asset management division, reporting its largest quarterly outflows for FY24.

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FAAA’s Anderson questions Dixon Advisory secrecy

Dixon-Advisory/Dixon/dass/phil-anderson/inquiry/ASIC/

The FAAA’s Phil Anderson has written an open letter calling for a public inquiry to uncover why the case of Dixon Advisory has been so closely guarded given the high volume of losses and effect on the financial advice sector.

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