Insignia investors allege they were misled over insider trading claims
The first week of the Insignia Financial class action case has seen allegations of misconduct, insider trading, front running and failures to manage conflicts of interest.
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Staff numbers down and profitability up at advice firms
With advice practices recording a slight uplift in profitability after years of decline, Business Health has outlined five key trends contributing to the change.
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.
Federal Court winds up unregistered MIS and disqualifies director
An unlicensed financial adviser, Monica Kaur, has been permanently restrained from carrying on a financial business and her unregistered managed investment has wound up by the Federal Court.
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.
AMP sells SuperConcepts business
AMP is selling its SuperConcepts self-managed superannuation fund admin and software business with 500 employees to transfer out of AMP.
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.
Intelliflo’s Eatock on bringing UK technology to the Aussie market
Intelliflo chief executive, Nick Eatock, has discussed the firm’s official launch into the Australian market and why his experience in the UK means he is hopeful adviser numbers will bounce back.
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.
Could advisers face their own greenwashing scrutiny?
EXCLUSIVE As clients increasingly seek sustainability-related products and funds, advisers who recommend them could eventually fall under the greenwashing purview of regulators, industry experts suggest.
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.
Former FSC CEO to chair fintech Ignition Advice
A former chief executive of the Financial Services Council has been named as the next chair of Ignition Advice, succeeding Peter Meurer.
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.
Markets surprised by June rate call
The Reserve Bank of Australia defied hold expectations in June, surprising market participants by raising the interest rate further to 4.1 per cent in its continued battle against inflation.
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.
Advisory firms best able to weather fee pressures
Advisory firms are the only part of the investment value chain to escape fee pressure over the last five years in the face of shrinking margins and rising costs, according to a global report by FNZ and Boston Consulting Group.
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.
RBA makes latest rate call
The RBA has made its latest interest rate call for June with the bank warning further rate hikes are still to come.
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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