Centrepoint Alliance chief executive John Shuttleworth foresees a “lucrative recruitment market” in the advice space in the next 12–18 months which will provide a tailwind for the licensee.
The launch of a new UK affiliate by Pinnacle Investment Management has hit a snag as delays mean Ironbark has pulled a planned $3 billion mandate from the firm.
Prime Financial Group has announced its FY24 results in what proved to be an “inflection point” for the firm, with further M&A activity and growth in the alternatives market ahead.
Pacific Current noted FY24 was a “transformational year” as it made multiple divestments to create a lower cost structure for the business.
With research houses raising concerns about the suitability of private credit funds for retail clients, a fund manager has acknowledged greater transparency is needed to protect investors who struggle to understand the risk.
There is a role for advisers to play in helping pre-retirees understand lifetime income solutions as clients say they lack comprehension of the products’ structure.
A former Brisbane financial adviser has been found guilty of 28 counts of fraud where his clients lost $5.9 million.
The migration of the MLC platform to Expand caused disruption in platform flows for Insignia in FY24 as advisers “lost patience” with delays, while the firm flagged its reasoning behind the lack of dividend.
The majority of financial advice practices enjoying revenue growth are putting this towards growing their adviser teams, according to new research.
A wide range of strategic priorities are set to fall under the corporate regulator’s enforcement spotlight in the next 12 months, including the risk management and data security of AFSLs.
