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ASIC tests AI usage to read public submissions

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ASIC chair Joe Longo has told a Senate select committee that it has been running two pilot AI programs, including one to read public submissions.

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To scale or not to scale a growing advice practice?

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The decision to scale up a small advice practice can be a difficult judgement call. Money Management speaks with two advisers on whether the potential gains outweigh the initial costs for their business.

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Former AMP adviser makes call to arms over BOLR settlement

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A former AMP financial adviser has urged advisers in the BOLR class action against AMP to object to the “unfair and unreasonable” $100 million settlement sum as the objection deadline approaches on 22 May.

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Will ETF usage kill advice?

ETFs/financial-advice/consumers/

The popularity of ETFs, which are approaching $200 billion in Australia, is a potential threat to the advice landscape if consumers opt to invest directly, according to this senior partner.

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Two Victorian advice firms complete merger

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Two Victoria-based financial advice practices have merged and rebranded as Forbes Fava Saville Financial Planning, as the firm realises the benefits of added scale.

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Relative Return: The appeal of global private credit

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FSCP issues reprimand over SOA failings

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The Financial Services and Credit Panel has made its latest ruling over a case involving an incorrect Statement of Advice.

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LGT Crestone launches diversified alternatives fund

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The wealth management firm has unveiled a new fund in partnership with PG3 AG and investment specialist Longreach Alternatives, describing the investment solution as an “alternative” to traditional alternatives.

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GQG completes M&A to form Private Capital Solutions division

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GQG Partners has completed the acquisition of the minority interests held by Pacific Current Group in three affiliates which will form its new Private Capital Solutions division.

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