The boutique asset manager has appointed a former acting chief executive of Challenger Funds Management to its board as a non-executive director.
Challenger’s Funds Management business benefitted from strong net flows of $5.6 billion on the back of a
ASIC has permanently banned a Perth financial adviser following his convictions of fraud.
Large licensees are looking to take minority stakes in smaller ones as a way to retain a presence in the industry, but the smaller party needs to ensure it doesn’t create a conflict of interest.
Colonial First State has launched CFS 10x, a program designed to help financial advice practices grow their business.
Fiducian has reported a 23 per cent rise in net profit after tax in the last six months of 2023, but non fee-paying clients led to a fall in funds under advice.
Count has made its latest acquisition of a company that provides offshore services for advisers out of India, continuing the expansion of its services segment.
ASIC has cancelled the Australian financial services licence of Sydney-based Brava Capital, which was charged last October for allegedly failing to lodge financial accounts.
A new US ad campaign is criticising Vanguard, which has previously received two greenwashing notices from ASIC, for its alleged role in “fuelling the climate crisis” through fossil fuel investments.
The Year of the Dragon could see a temporary rebound in Chinese equities and opportunities for contrarian investors to pick up stocks at cheap valuations, according to commentators.
