Aussie fund selectors believe AI is ‘here to stay’

artificial-intelligence/technology/Natixis-Investment-Managers/

Three-quarters of Australian fund selectors maintain that artificial intelligence is here for the long haul, Natixis IM reports, contrasting fears that the technology is a bubble.

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BlackRock appoints Australia head

blackrock/australian-market/APAC/appointments/

BlackRock has promoted Jason Collins from the deputy head of BlackRock Australasia to become its next head of Australia.

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Insignia names new CEO

insignia-financial/renato-mota/amp/

Insignia has looked to a rival licensee for its new chief executive to replace Renato Mota.

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Advice market sees ‘unprecedented’ M&A activity

M&A/mergers-and-acquisitions/financial-advice/Paul-Barrett/AZ-NGA/Forte-Asset-Solutions/

AZ NGA chief executive, Paul Barrett, has shared why financial advice firms have become more valuable to acquire in the five years since the Hayne royal commission and why appetite remains high for acquisitions.

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Boutique investment manager launches online solution

OpenInvest/fintech/online-investment/

Boutique asset manager Aldersley Capital has partnered with online platform OpenInvest to launch a new investing solution to reach a broader audience of high-net-worth investors.

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Call for licensee levy increase to address cost asymmetry

levy/adviser-levy/ASIC/

A Western Australian financial adviser has launched a petition and called for Financial Services Minister Stephen Jones to increase the portion of the ASIC levy paid by licensees ahead of the next levy schedule.

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GQG Partners sees $7bn FUM increase

GQG-Partners/FUM/fund-management/Pacific-Current-Group/

GQG Partners has seen a US$7 billion increase in funds under management since the start of 2024.

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Count accounting partner makes $1.4m acquisition

Countplus/Accounting/M&A/

A Victorian accounting firm – in which Count holds a 40 per cent equity stake – has announced the acquisition of an accounting client book through a $1.4 million transaction.

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How many advisers are yet to register with ASIC?

ASIC/registration/financial-advisers/financial-advice/

ASIC has issued a final reminder to unregistered financial advisers as the 16 February deadline looms and confirmed the progress made by advisers since the extension.

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RBA makes first rate decision under new format

RBA/interest-rates/monetary-policy/

The central bank has announced its first interest rate decision of the year since a major revamp.

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