With the financial advisers register no longer distinguishing those who have used the experienced pathway to provide advice, how will this affect consumers and employers?
The final ASIC inquiry report has found more than 26,000 reportable situations reports made by licensees during 2022–23 were assessed as requiring no action, while public misconduct reports were routinely dismissed in 40 seconds.
The Australian Wealth Advisors Group has made its first equity partnership scheme investment into a Victorian financial planning firm as it forecasts multiple deals ahead.
A second financial adviser has seen their ASIC ban varied this week following a successful appeal to the Administrative Appeals Tribunal.
ASIC has released the exam results for its June sitting of the financial adviser exam.
The 2024 calendar year is now expected to report bigger losses than 2023, despite a strong start, as the last two weeks of June have seen heavy triple-digit adviser losses.
Funds under management at Magellan were largely flat in June as the asset manager reports a 72 per cent rise in performance fees for FY23–24.
Ausbil Investment Management has announced its head of wholesale distribution is to depart after 17 years with the fund manager.
The specialist alternatives investment manager has provided an FUM update for the June quarter as its M&A activity drives net inflows higher.
The first Delivering Better Financial Outcomes bill has now passed both the Senate and the House of Representatives.
