The top 10 Aussie suburbs for highest ETF wealth

stockspot/ETFs/Chris-Brycki/

Stockspot analysis has revealed the top 10 suburbs across Australia with the highest average balance invested in ETFs, with the top postcode sitting at over $355,000.

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The Manager Mix - Equities: Nick Paul of MFS Investment Management

Videos/No-Ads/

In this new episode of The Manager Mix, host Laura Dew speaks to Nick Paul, institutional portfolio manager at M

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AMP BOLR objectors have their day in the sun

AZ-NGA/amp/bolr/class-action/

Members of the AMP BOLR class action have told the Federal Court in a two-day hearing that they would be willing to risk receiving no settlement at all in favour of going to an appeal.

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Advice industry grows but major AFSL loses 4 advisers

Wealth-Data/amp/AFSL/licensees/

Overall adviser numbers saw a gain last week with 10 new entrants, according to Wealth Data, but a major licensee lost four advisers.

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Australia named APAC hotspot for alternatives

Preqin/alternative-assets/alternative/private-markets/ASIC/

The land Down Under has been recognised as an APAC hub for alternatives investment, Preqin finds, amid ASIC’s planned crackdown on private markets.

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Netwealth acquires Xeppo to help ‘licensees of the future’

netwealth/Platforms-&-wraps/financial-advisers/licensees/

The wealth management platform has completed its acquisition of 100 per cent of Xeppo, a data management and analytics tool, to create greater workflow efficiencies for financial advice businesses.

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South Australian advice firm makes acquisition

M&A/South-Australia/adelaide/

Adelaide financial planning firm Retirement Strategies has been acquired by independent advisory group Calder Wealth Management.

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Pengana looks to private markets for outsized FUM growth

Pengana/Pengana-Capital-Group/private-markets/

Pengana is making a strategic reposition to have private markets become the dominant part of its business as it targets the asset class towards non-institutional investors.

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Former Courtenay House director sentenced over Ponzi scheme

court/Ponzi-scheme/courtenay-house/ASIC/

A former director of Sydney-based Courtenay House has been sentenced in the Supreme Court of NSW for his role in the operation of a Ponzi scheme.

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Analysts question viability of Perpetual’s KKR scheme

Perpetual/KKR/mergers-and-acquisitions/Rob-Adams/

Perpetual has been questioned by analysts on whether its KKR deal is best for shareholders and if it can be undone given the lack of growth it has delivered to the company’s share price.

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