With the indicative ASIC levy expected soon, the FAAA has queried whether the cost of action against Dixon Advisory will impact the 2023–24 figures.
Ahead of the upcoming ASIC inquiry report, Senator Andrew Bragg has criticised the regulator and Labor government for the impact of rising levies on financial advice practices.
Two former Magellan fund managers have launched their own boutique firm with support from Bennelong Funds Management, focusing on small and mid-cap global equities.
ASIC has obtained interim orders from the Federal Court to freeze the assets of a Melbourne advice licensee in order to protect investor funds amid an ongoing investigation.
PIMCO has discussed how advisers can have conversations with clients who are eager to “time” their re-entry back into bond markets with possible rate cuts.
Latest analysis from Morningstar has raised concerns with four Australian asset managers, flagging their organisational issues and a less-favourable impact from interest rate cuts.
There are just three business days until obligations come into force for licensees to notify ASIC of an adviser accessing the experience pathway within 30 days, with penalties possible for a failure to do so.
AFSLs need to be prepared for enhanced compliance requirements as new privacy rules will necessitate a thorough look at reviews and processes, especially under the threat of a tiered civil penalty system.
Data from Adviser Ratings’ upcoming Advice Landscape Report has painted a picture of the average advice practice in 2024, including the profit margins and revenue of top-performing firms.
A group of licensees have put together a petition calling on the government to fix major issues around the CSLR levy and Delivering Better Financial Outcomes legislation.
