Strategic moves announced at Count-Diverger

Countplus/Diverger/AFSL/amp/fintech/

A Melbourne-based advisory firm formerly licensed through AMP has become the latest to join the Count network, while newly acquired Diverger has partnered with a fintech business.

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Consistent growth seen in Magellan FUM

Magellan/fund-flows/Andrew-Formica/Sophia-Rahmani/

Magellan has reported a funds under management increase, rising to $37.2 billion, as Sophia Rahmani prepares to join the firm in May.

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Adviser Ratings launches adviser PI offering

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Adviser Ratings has entered a strategic partnership with Numerisk to introduce a professional indemnity insurance solution, aimed at opening up adviser supply and improving trust in the industry.

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Morningstar CEO urges greater engagement in shifting wealth landscape

super-funds/Superannuation/morningstar/financial-advice/

Investors are suffering from decision paralysis with the volume of choice available, according to the CEO of Morningstar, and the industry would be wise to improve their engagement efforts to help them.

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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

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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?

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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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