Platforms FUM falls below $1tn

platforms/Platforms-&-wraps/FUM/insignia-financial/CFS/amp/BT/

| By Rhea Nath |

Wraps, platforms and master trusts FUM declined to $982.5 billion over the year to end of March 2023, although some market leaders like HUB24 and Netwealth experienced double-digit growth.

AUTHOR

Rhea Nath

Rhea L Nath is a journalist at Money Management. She has previously worked as a business reporter with Dynamic Business and journalist in the multicultural media with Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.

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When will the QAR progress to Parliament?

phil-anderson/QAR/quality-of-advice-review/Stephen-Jones/

| By Laura Dew |

Financial planning

The FAAA’s Phil Anderson has shed light on when advisers could see any update from the government on the progression of the Quality of Advice Review changes.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Demand for associate advisers rise but grads left behind

graduate/new-entrants/provisional-advisers/recruitment/

| By Rhea Nath |

Financial planning

A recruiter’s overview of adviser demand for Q3 2023 indicates limited roles for graduates with the industry pivoting more to re-adopt the associate adviser role.

AUTHOR

Rhea Nath

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Expect fewer RBA rate decisions from 2024

RBA/Philip-Lowe/monetary-policy/

| By Laura Dew |

Funds management

The number of rate decisions per year will reduce in 2024 under sweeping reforms following an independent review of the Reserve Bank of Australia.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Sequoia expands with $3.1m acquisition

Sequoia-financial-group/Garry-Crole/M&A/

| By Laura Dew |

Financial planning

Sequoia has agreed to acquire two advice firms for $3.15 million, expected to complete by the end of this month.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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The super merger buzz in 1H23

Superannuation/M&A/super-funds/Australian-retirement-trust/Mergers/

| By Rhea Nath |

Superannuation

With mergers and consolidation activity at a record high for Australia’s superannuation industry, Money Management rounds up the merger talk in the first half of 2023.

AUTHOR

Rhea Nath

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5 takeaways from a year of adviser movements

Wealth-Data/adviser-exits/Colin-Williams/new-entrants/

| By Laura Dew |

Financial planning

Money Management has collated five key takeaways from the Wealth Data weekly adviser movements over the last 12 months including the biggest month for departures and stats on new entrants.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Asset manager M&A on the rise: PwC

PwC/asset-managers/M&A/Mergers/

| By Rhea Nath |

Funds management

Driven by the desire to access new segments, build market share, and diversify product offerings, there is a resurgence in M&A and partnerships among asset managers, according to a global survey.

AUTHOR

Rhea Nath

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Financial advice noted as ‘ripest fruit’ for regulatory reform

ALRC/corporations-act/legislation/law/

| By Laura Dew |

Policy & Regulation

The regulation of financial advice is one of the highest priorities for the Australian Law Reform Commission as it looks to revamp financial services legislation.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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