Insignia names new CEO

insignia-financial/renato-mota/amp/

Insignia has looked to a rival licensee for its new chief executive to replace Renato Mota.

AUTHOR

Advice market sees ‘unprecedented’ M&A activity

M&A/mergers-and-acquisitions/financial-advice/Paul-Barrett/AZ-NGA/Forte-Asset-Solutions/

AZ NGA chief executive, Paul Barrett, has shared why financial advice firms have become more valuable to acquire in the five years since the Hayne royal commission and why appetite remains high for acquisitions.

AUTHOR

Boutique investment manager launches online solution

OpenInvest/fintech/online-investment/

Boutique asset manager Aldersley Capital has partnered with online platform OpenInvest to launch a new investing solution to reach a broader audience of high-net-worth investors.

AUTHOR

Call for licensee levy increase to address cost asymmetry

levy/adviser-levy/ASIC/

A Western Australian financial adviser has launched a petition and called for Financial Services Minister Stephen Jones to increase the portion of the ASIC levy paid by licensees ahead of the next levy schedule.

AUTHOR

GQG Partners sees $7bn FUM increase

GQG-Partners/FUM/fund-management/Pacific-Current-Group/

GQG Partners has seen a US$7 billion increase in funds under management since the start of 2024.

AUTHOR

Count accounting partner makes $1.4m acquisition

Countplus/Accounting/M&A/

A Victorian accounting firm – in which Count holds a 40 per cent equity stake – has announced the acquisition of an accounting client book through a $1.4 million transaction.

AUTHOR

How many advisers are yet to register with ASIC?

ASIC/registration/financial-advisers/financial-advice/

ASIC has issued a final reminder to unregistered financial advisers as the 16 February deadline looms and confirmed the progress made by advisers since the extension.

AUTHOR

RBA makes first rate decision under new format

RBA/interest-rates/monetary-policy/

The central bank has announced its first interest rate decision of the year since a major revamp.

AUTHOR

Global advisory group accused of fund misappropriation

federal-court/financial-advice/pension/Hong-Kong/

It is “highly likely” that global advisory group Brite Advisors misappropriated client funds for its own purposes, the Federal Court has heard, as receivers examine the variance of $100 million in its accounts.

AUTHOR

Over $700m Aussie flows withdrawn from equity funds

Calastone/australian-equities/equity-markets/fixed-income/equities/

According to Calastone, 2023 was the first year since 2019 that Australian investors were net sellers of equity funds, as they turned their heads towards the promise of fixed income.

AUTHOR

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MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months ago

Commonwealth Bank has formally dropped to zero advisers following LGT Crestone’s acquisition of its advice arm – some six years on from the Hayne royal commission. ...

4 weeks ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

1 week 3 days ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

2 weeks 6 days ago