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Adviser Ratings and Zenith appoint senior hires

Adviser-Ratings/rainmaker-information/research-houses/hires/Zenith-Investment-partners/Zenith/

Adviser Ratings has appointed a new product director to its ranks, while Zenith Investment Partners welcomes back a former partner and senior investment consultant to the firm.

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Counterclaim filed in Sequoia legal action

Sequoia/licensees/court/legal-action/M&A/

Sequoia Financial Group has received a defence and counterclaim from Tim McGowen regarding the acquisition of Informed Investor.

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Platinum forecasts $1.2bn in redemptions

Platinum/Platinum-Asset-Management/outflows/FUM/

Platinum Asset Management has reported its latest funds under management figures, with the firm forecasting a further $1.2 billion in redemptions ahead from its institutional and wholesale business.

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JAWG calls for ‘urgent changes’ to fix QAR legislation

quality-of-advice-review/jawg/financial-advice-reforms/Sarah-Abood/

The Joint Associations Working Group has issued a statement urging the government to fix the Quality of Advice Review legislation to prevent an “unworkable” path forward.

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The salary boom for intermediary BDMs

business-development-manager/BDM/financial-advisers/managed-accounts/

Top-performing business development managers are seeing bonuses of up to 90 per cent of their salary as new investment products and advisers’ usage of managed accounts mean the sector is experiencing a skills shortage.

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ASIC concludes Nuix insider trading investigation

ASIC/insider-trading/shares/

ASIC has concluded its investigation into alleged insider trading by financial technology company Nuix’s chief executive Jonathan Rubinsztein.

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Count acquires $1.4m majority stake in accountancy firm

Countplus/accountants/queensland/M&A/acquisition/

Count Financial’s acquisition strategy shows no signs of slowing down, as the company’s equity firm acquires a $1.4 million stake in a Gold Coast accounting business.

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Tech ETFs drive Global X AUM to $7bn

ETFs/global-x/Global-X-ETFs/Evan-metcalf/

Global X ETFs Australia has seen assets under management reach $7 billion, thanks to demand for technology-focused ETFs as it seeks further expansion of the business.

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VanEck urges greater concern over potential hard landing

central-banks/recession/VanEck/Arian-Neiron/

The investment manager is “surprised” by the lack of investor concern over a potential hard landing for the Australian economy, with a weakening labour market being the “last straw”.

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Two research houses make senior hires

JANA/investment-trust/research-house/consulting/

Two investment consulting firms JANA and Genium have expanded their research teams with senior appointments.

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