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Embracing AI data transformation in asset management

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KPMG and State Street have identified six areas where asset managers will see the greatest benefit from introducing artificial intelligence as it finds those which do so are seeing higher revenue growth and customer satisfaction.

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‘No closed doors’: Abood reflects on first year of FAAA

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One year since the FPA and AFA merged, Money Management speaks with FAAA chief executive Sarah Abood on what the combined organisation’s advocacy has accomplished.

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First CSLR Dixon compensation to be paid by EOFY

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The Compensation Scheme of Last Resort has officially launched with 11 claims in the first levy period expected to be paid by 30 June 2024, one of which relates to Dixon Advisory.

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Count network expands with former Insignia advice firm

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A former Insignia advice firm Murray Nankivell, specialising in providing advice in regional South Australia, has joined the Count licensee.

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Candidates react to ‘tough’ new advice exam structure

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With the first financial adviser exam of the year under the new structure held on 26 March, candidates have described it “tough” despite changes – meaning questions are multiple-choice.

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FAAA warns of ‘significant extra work’ from QAR fee change

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FAAA chief executive, Sarah Abood, has warned changes in first tranche of the QAR legislation around advice fees documentation could create more work for advisers rather than less.

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Insignia clings onto second-largest advice licensee position

Wealth-Data/insignia-financial/insignia/count-group/adviser-numbers/

Insignia Financial is holding ‘relatively steady’ onto its rank as Australia’s second-largest financial advice licensee after the Godfrey Pembroke exit but Count is hot on its heels.

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Verdict in for ASIC's first greenwashing case against Vanguard

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The Federal Court has issued its verdict in ASIC's first greenwashing case against Vanguard Investments Australia regarding the use of ESG exclusionary screens.

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A busy Q1 for ASIC advice action

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As the first quarter of 2024 comes to a close, Money Management looks back on the corporate regulator’s bans and AFSL cancellations in the financial advice sector.

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