JANA FUA reaches $1.3tn as it takes on national advice firm

JANA/financial-advice/

JANA has been chosen as the investment adviser for a national financial advice firm, its second appointment this month.

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Warakirri AM appoints sustainability head

Warakirri-Asset-Management/ESG/sustainability/

Multiboutique asset manager Warakirri Asset Management has appointed a head of sustainability, a newly created role for the business.

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Future Fund hits record $211.9bn value

Future-Fund/peter-costello/sovereign-wealth-funds/

Australia’s sovereign wealth fund has exceeded its long-term investment return target for 2023 despite inflationary pressures as it reaches a record value of $211.9 billion.

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Sydney advice firm sees ASIC’s first 2024 licence cancellation

ASIC/AFSL/Sydney/financial-advice/

ASIC has cancelled the AFSL of a Sydney-based financial advice firm, its first licence cancellation of the new year.

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How could tech change wealth management in 2024?

technology/wealth-management/fintech/

Hyper-personalisation is among changes that wealth managers could be offering in 2024 as they embrace technology to benefit their clients.

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Unadvised Australians ‘oblivious’ to advice benefits: CFS

Superannuation/financial-advice/CFS/colonial-first-state/quality-of-advice-review/

With more than one in three consumers unable to identify a single benefit of financial advice, the industry has been urged to better articulate the positive impact of seeking advice and for advised Australians to act as advocates.

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The five ‘mega forces’ affecting long-term returns: BlackRock

blackrock/global-equities/investment-trends/infrastructure/

BlackRock has highlighted five “mega forces“ impacting investment markets that will change long-term global growth.

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Diverger shareholders approve Count merger

Countplus/Diverger/shareholders/

Diverger shareholders have approved its merger with Count in a vote today, culminating the “dual growth strategy” pursued by the licensee.

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IDR reporting shines spotlight on advisers’ complaint management

ASIC/IDR/WT-Financial-Group/lifespan-financial-planning/complaints/

It may be licensees’ responsibility to report internal dispute resolution regime data to ASIC next month, but they are reminding their advisers of the importance of keeping accurate records.

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Governance body hits out at ‘ad hoc’ reform proposals

ALRC/legislation/financial-advice-reforms/quality-of-advice-review/

A leading governance body has hit out at “specialist interest groups proposing ad hoc law reform” when it comes to reforms of financial services legislation and believes an independent body is needed.

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