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.
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.
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”.
Two investment consulting firms JANA and Genium have expanded their research teams with senior appointments.
The Federal Court of Australia has pushed back a decision on the class action settlement for two weeks.
With a weekly loss of 14 advisers led by declines at Count Financial, the financial advice industry has fallen below the 15,600 line.
The current macroenvironment is proving to be ‘encouraging’ for global mergers in the funds management space, says Wilson Asset Management, underpinned by increased optimism from dealmakers.
The fund manager has seen consistent growth in funds under management for the quarter in what it describes as a ‘solid start’ to 2024.
Although the fund manager continued to recover in March, the pace was slower compared to previous months.
Advisers need to expand their understanding of responsible investing in response to Australia’s increasing demand, according to an RI specialist.
