Submissions open for Fund Manager of the Year Awards 2024

FMOTY/fund-management/fund-manager-of-the-year-awards/fund-managers/

Nominations and submissions have opened for the individual categories at the 36th annual Fund Manager of the Year Awards.

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Former Investment Trends CEO joins Netwealth

netwealth/investment-trends/boards/

Netwealth has appointed Sarah Brennan, former CEO of Investment Trends, as a non-executive director on its board.

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Advice opportunity as UHNWIs set to spike 27% in Australia

high-net-worth/HNWI/Australian-HNWI/capgemini/HUB24/

The number of ultra-high-net-worth individuals in Australia is expected to swell 27 per cent by 2028, according to Knight Frank’s annual Wealth Report, and they are looking for different advice requirements than the average client.

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‘Only in quarter time’: Perpetual CEO reflects on Pendal integration

Perpetual/Rob-Adams/Pendal-Group/

Perpetual chief executive, Rob Adams, has refuted comments that the acquisition of Pendal has been a failure as the business reports $4.3 billion in outflows in the first half of 2024.

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Funds management sits high on Prime Financial’s M&A radar

Prime-Financial/M&A/funds-management/simon-madder/

Following its 1H24 results, Prime Financial CEO Simon Madder speaks with Money Management on the firm’s growth vision and how it hopes to complete more acquisitions in the funds management space.

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Abrdn CEO receives $1.5m bonus amid Australia restructure

abrdn/Brett-Jollie/fund-management/

The restructure of abrdn’s Australian operations has been cited as a measure by the asset manager which enabled it to cut $198 million from its investment business, leading to CEO Stephen Bird receiving a $1.5 million bonus.

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How inappropriate advice led to NextGen’s liquidation

nextgen/licensees/SMSFs/

As NextGen sees its Australian financial services licence cancelled by ASIC, Money Management tracks how an AFCA complaint led to the firm falling into liquidation.

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NextGen sees AFSL cancelled by ASIC

nextgen/ASIC/AFCA/administration/

ASIC has cancelled the Australian financial services licence of NextGen Financial Group, following the Federal Court’s order in November for the firm to be wound up in insolvency.

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Where could the next licensee M&A come from?

centrepoint-alliance/insignia-financial/insignia/Countplus/Diverger/Sequoia/WT-Financial-Group/

Inorganic growth is the trend of the day for licensees as multiple chief executives indicate how they intend to grow their businesses in 2024.

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