A risk-averse nature by licensees to alternative funds is prompting advisers to opt to carry out the investment selection themselves.
With small financial advice firms vulnerable to key person risk, there can be a tangible monetary cost to a practice’s value if the owner dies suddenly.
The platform race is “ours to lose”, says HUB24’s chief executive Andrew Alcock, as it reports a 62 per cent rise in annual platform net inflows in FY24.
A former strategy manager at suspended financial services business BBY has been sentenced for aiding and abetting dishonest conduct.
An executive at the Institute of Public Accountants has suggested that a discussion around the need for gender quotas in financial services may now be warranted.
JP Morgan Asset Management looked internally to appoint its global head of ETFs, who has spent nearly 20 years at the firm.
Following its launch of three active ETFs last November, Dimensional Fund Advisors has expanded its range of ETFs in the Australian market with an additional three products.
The difference between a Record of Advice and Statement of Advice is the crux of the FSCP’s latest determination against a relevant provider.
The number of ceased advice licensees this financial year is nearly four times higher than the previous period, likely driven by M&A activity among new AFSLs, writes Wealth Data.
Libertas Financial Planning saw its AFSL cancelled this month after the CSLR paid out compensation to a victim; details have been shared on the firm’s mistakes that led to the victim’s complaint.
