3 major licensees welcome adviser gains amid ‘volatile’ June

Wealth-Data/adviser-numbers/insignia-financial/Sequoia/centrepoint-alliance/Countplus/

| By Jasmine Siljic |

Three of Australia’s largest licensees saw growth in their financial advice numbers over the past week, despite an overall double-digit decline across the wider industry for the second week.

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Wealth Data

adviser numbers

insignia financial

Sequoia

centrepoint alliance

Countplus

AUTHOR

Jasmine Siljic

Jasmine Siljic is a journalist at Money Management. Prior to joining MM, she also worked across other Momentum Media brands as an intern and cadet journalist. She recently completed a Bachelor of Media and Communications at Macquarie University.

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Magellan sees return to positive FUM growth

Magellan/funds-under-management/Sophia-Rahmani/Andrew-Formica/

| By Laura Dew |

Funds management

Funds under management at Magellan have returned to growth in May after a lull in April.

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Magellan

funds under management

Sophia Rahmani

Andrew Formica

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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ASIC caught up in social media scam

ASIC/scams/social-media/online-trading/

| By Laura Dew |

Financial planning

The corporate regulator has issued a warning that its logo is being misused to perpetuate a social media scam promoting fake investment.

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AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Sydney wealth firm sees AFSL cancellation by ASIC

AFSL/ASIC/Sydney/

| By Laura Dew |

Financial planning

ASIC has cancelled the AFS licence of a Sydney wealth firm, the fifth Sydney firm to see a cancellation since the start of the year.

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AFSL

ASIC

Sydney

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Relative Return: How advisers can use thematic ETFs in portfolios

Podcast/Relative-Return/

| By Laura Dew |

Editorial

In the latest episode of Relative Return, host Laura Dew chats with Manny Damianakis, head of sales at Global X, about the popularity of thematic ETFs and the benefits they offer advisers.

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Podcast

Relative Return

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Taking the leap from associate to provisional adviser

education/provisional-advisers/students/financial-advice/licensees/professional-year/financial-adviser-examination/

| By Jasmine Siljic |

Financial planning

Three advisers share their experience and guidance when stepping up from an associate role to a provisional financial adviser, including the responsibility of managing their own clients for the first time.

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financial adviser examination

AUTHOR

Jasmine Siljic

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Active Super found to have made misleading ESG claims

Active-Super/Superannuation/federal-court/greenwashing/vanguard/

| By Rhea Nath |

Superannuation

The Federal Court has found Active Super made misleading representations regarding its ESG credentials, specifically around excluding Russian investments at the time of the Ukraine invasion.

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AUTHOR

Rhea Nath

Rhea L Nath is a journalist at Money Management. She has previously worked as a business reporter with Dynamic Business and journalist in the multicultural media with Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.

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The fund manager M&A demand for private markets

private-assets/Centuria/GQG-Partners/Regal-Partners-Limited/

| By Laura Dew |

Funds management

There have been four major deals in the private markets space since March as asset managers look to capitalise on the rapid growth in demand for alternatives.

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private assets

Centuria

GQG Partners

Regal Partners Limited

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Former dealer group Libertas seeks to exit EDR scheme

sterling/Theta-Asset-Management/Libertas-Financial-Planning/AFCA/Sterling-Income-Trust/Sequoia/

| By Laura Dew |

Financial planning

Former dealer group Libertas Financial Planning has given notice to AFCA to cease membership of the body’s external dispute resolution scheme, meaning victims will no longer to file a complaint.

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sterling

Theta Asset Management

Libertas Financial Planning

AFCA

Sterling Income Trust

Sequoia

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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AFCA chair reappointed for second term

AFCA/complaints/boards/

| By Laura Dew |

Financial planning

The board of AFCA has appointed Professor John Pollaers for a second three-year term.

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AFCA

complaints

boards

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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3 major licensees welcome adviser gains amid ‘volatile’ June

AUTHOR

Jasmine Siljic

Jasmine 's social profiles:

Magellan sees return to positive FUM growth

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Laura Dew

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ASIC caught up in social media scam

AUTHOR

Laura Dew

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Sydney wealth firm sees AFSL cancellation by ASIC

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Laura Dew

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Relative Return: How advisers can use thematic ETFs in portfolios

AUTHOR

Laura Dew

Laura 's social profiles:

Taking the leap from associate to provisional adviser

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Jasmine Siljic

Jasmine 's social profiles:

Active Super found to have made misleading ESG claims

AUTHOR

Rhea Nath

Rhea 's social profiles:

The fund manager M&A demand for private markets

AUTHOR

Laura Dew

Laura 's social profiles:

Former dealer group Libertas seeks to exit EDR scheme

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AFCA chair reappointed for second term

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