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Which wealth platform saw the highest FUA growth in 1H24?

platforms/HUB24/netwealth/praemium/

Money Management compares the financial results of the top three Australian investment platforms – Netwealth, HUB24 and Praemium – for the first half of FY24.

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The smaller players shaking up financial planning software

XPLAN/iress/fintech/financial-planning-software/

Focusing on providing a quality and effortless service to financial advisers is a priority for smaller software providers, rather than trying to compete with market leaders, as advisers look for alternative options.

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Shadow government appoints financial services minister

andrew-bragg/Stephen-Jones/Luke-Howarth/government/treasury/

The shadow government has appointed a minister for financial services following the departure of Stuart Roberts last May, plus a new role for Senator Andrew Bragg.

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Finalists unveiled at first-ever Australian Wealth Management Awards

wealth-management/awards/wealth-managers/

Over 260 finalists have qualified for the inaugural Australian Wealth Management Awards 2024. Money Management invites them to lodge their submissions.

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Court rules on licensee’s conflicted remuneration case

SMSFs/ASIC/licensees/financial-advice/federal-court/

The Federal Court has ruled financial advice licensee RM Capital failed to take reasonable steps to prev

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What makes a successful advice practice?

WT-Financial-Group/WT-Financial/Keith-Cullen/

The head of one of Australia’s largest licensees has shared the top characteristics that he looks for in creating a successful advice practice as more and more firms provide multidisciplinary offerings.

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Centuria appoints advice COO to distribution role

Centuria/fund-management/real-estate/Sentry/WT-Financial-Group/distribution/

Real estate fund manager Centuria Capital has made two distribution appointments, including the former chief operating officer of a national advice firm.

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Stretched environment limiting ability for BDM/PDMs to add value

business-development-manager/BDM/financial-advisers/licensees/

Business and practice development managers believe they are stretched too thin in working with high volumes of financial advisers and are dissatisfied with their roles and ability to deliver value.

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Vanguard CEO Tim Buckley announces retirement

vanguard/passive-investing/ETFs/ceo/

Vanguard has announced its international chief executive, Tim Buckley, will retire by year-end while chief investment officer Greg Davis has been promoted to president.

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Fidelity appoints president as Richards steps back

fidelity/ceo/

Global investment manager Fidelity International has appointed a new president to take over from Anne Richards, who will move into a vice chair role.

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