Over seven in 10 financial advice practices that embrace technology are enjoying profits above 10 per cent, compared to just 43 per cent of firms that have not done so.
Daintree Capital has received a $120 million investment for its Core Income Trust Fund from Colonial First State, while Hamilton Lane has exceeded targets on a fundraise.
The Senate economics legislation committee has recommended Schedule 1 of the Delivering Better Financial Outcomes legislation be passed as it is a “faithful implementation” of the recommendations.
There have been four consecutive weeks of adviser declines as eight financial advisers depart the profession this week, with the majority leaving from Count.
The Treasury has announced its latest roadmap to support growth in Australia’s sustainable finance markets and tackle greenwashing, including several upcoming milestones.
Platinum Asset Management is closing its Platinum World Portfolios and its London office as part of the business “turnaround program” announced in February.
The Senate economics legislation committee has pushed back the release of its findings on the Delivering Better Financial Outcomes bill, the same day as the Coalition writes to Financial Services Minister Stephen Jones to demand changes.
Compliance experts have warned there is potential for the experience pathway to be abused if licensees fail to check whether an individual has the necessary 10 years’ experience and former employed advisers face the greatest challenge.
Mexican restaurant chain Guzman y Gomez has listed on the ASX in a blockbuster IPO with shares rising by a third upon opening.
