Pinnacle Investment Management has expanded its private market coverage, forging a strategic partnership with a private markets manager via a 13 per cent stake acquisition.
Insignia Financial has reported $1 billion in inflows in the latest quarter, as well as popularity from advisers for its MLC managed accounts.
Active fund managers without a strong distribution platform will be “left behind”, believes Magellan, as it pivots its business away from being a traditional asset manager.
The number of active advisers on the HUB24 platform has risen to more than 5,200, helping it see quarterly inflows of $5.2 billion.
Ethical investment manager Australian Ethical has announced the appointment of Anthony Lane as chief operating officer.
A fourth private credit fund has received interim stop orders from ASIC following the regulator’s surveillance review.
ASIC has banned a Melbourne-based financial adviser for eight years over false and misleading statements regarding clients’ superannuation investments.
Increasing traction among high-net-worth advisers and a stabilisation in adviser exits have helped Praemium report quarterly net inflows of $667 million in the third quarter of 2025.
CFS has formed a strategic partnership with the University of Sydney to support the responsible development of AI solutions in the wealth management sector.
Perpetual is yet to confirm a buyer for its planned wealth management disposal, but has reported strong asset management inflows in the first quarter.
