Which platforms saw double-digit FUM rises in FY23?

platforms/FUM/mercer/Plan-For-Life/HUB24/netwealth/BT/praemium/macquarie/

| By Rhea Nath |

While retail market leaders like Insignia had moderate increases, there were at least five platforms with significant rises in the last financial year, including BT’s $35 billion worth of business transitioning to Mercer.

Read more about:

platforms

FUM

mercer

Plan For Life

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.

View articles by Rhea

Rhea 's social profiles:

E-mail Author

How much longer for impacted AMP class action members?

amp/Alexis-George/Matt-Lawler/bolr/buyer-of-last-resort/the-advisers-association/neil-macdonald/

| By Laura Dew |

Financial planning

The Advisers Association has expressed disappointment at AMP’s decision to appeal the BOLR verdict while AMP’s Matt Lawler says he hopes mediation will reach “an outcome that allows us to put this behind us”.

Read more about:

the advisers association

neil macdonald

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.

View articles by Laura

Laura 's social profiles:

Betashares ventures into super industry with acquisition

BetaShares/Superannuation/ETFs/Alex-Vynokur/

| By Rhea Nath |

Funds management

The fund manager has reached an agreement to acquire Bendigo and Adelaide Bank’s superannuation business, which it believes to be “highly complementary” to its ETF business.

Read more about:

AUTHOR

Rhea Nath

View articles by Rhea

Rhea 's social profiles:

E-mail Author

AMP to appeal BOLR verdict

amp/amp-financial-planning/buyer-of-last-resort/bolr/

| By Laura Dew |

Financial planning

AMP has announced this morning that it intends to appeal the verdict of its Buyer of Last Resort class action.

Read more about:

amp

amp financial planning

buyer of last resort

bolr

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.

View articles by Laura

Laura 's social profiles:

Melbourne adviser faces court over super theft

ASIC/ban/court/

| By Rhea Nath |

Financial planning

A Melbourne financial adviser permanently banned by ASIC earlier this year is facing a maximum penalty of 20 years’ jail for obtaining financial advantage by deception, allegedly spending the money on race cars, boats, and helicopters.

Read more about:

ASIC

ban

court

AUTHOR

Rhea Nath

View articles by Rhea

Rhea 's social profiles:

E-mail Author

Should ALRC wait until QAR is over to change advice legislation?

FSC/ALRC/legislation/quality-of-advice-review/QAR/

| By Laura Dew |

Financial planning

The Financial Services Council has noted the “enhanced risk” that comes from implementing changes to financial advice legislation simultaneously with the Quality of Advice Review.

Read more about:

FSC

ALRC

legislation

quality of advice review

QAR

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.

View articles by Laura

Laura 's social profiles:

CFS appoints group CEO

CFS/CEOs/colonial-first-state/Suncorp/

| By Laura Dew |

People & Products

Colonial First State has appointed a new group chief executive following a global search.

Read more about:

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.

View articles by Laura

Laura 's social profiles:

ASIC review identifies licensees' remediation problems

complaints/remediation/ASIC/

| By Laura Dew |

Financial planning

ASIC has warned licensees they could face regulatory action if they fail to remediate customers in a timely manner as it reviews licensees' handling of RG 277 in its first year.

Read more about:

complaints

remediation

ASIC

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.

View articles by Laura

Laura 's social profiles:

Five takeaways from ASIC’s AFSL data

AFSL/financial-advice/licensees/AFS-Licence/

| By Laura Dew |

Financial planning

Money Management crunches the numbers on ASIC’s data on Australian financial services licence approvals and how it compares over the last three years.

Read more about:

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.

View articles by Laura

Laura 's social profiles:

NextGen Financial Group to be wound up

nextgen/financial-advisers/federal-court/

| By Laura Dew |

Financial planning

After seeing dwindling numbers of advisers and losing a Federal court case regarding an unpaid AFCA determination, NextGen Financial Group is to be wound up.

Read more about:

nextgen

financial advisers

federal court

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.

View articles by Laura

Laura 's social profiles:

Subscribe to

Never miss the latest news and developments in wealth management industry

SUBSCRIBE TO OUR NEWSLETTER

MARKET INSIGHTS

The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...

The succession planning dilemma for younger staff

4 days 11 hours ago

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

Working collaboratively with law firms to settle family disputes

4 weeks 1 day ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

Fixing the PY pipeline: Addressing the challenge for licensees

1 month ago

Which platforms saw double-digit FUM rises in FY23?

AUTHOR

Rhea Nath

Rhea 's social profiles:

How much longer for impacted AMP class action members?

AUTHOR

Laura Dew

Laura 's social profiles:

Betashares ventures into super industry with acquisition

AUTHOR

Rhea Nath

Rhea 's social profiles:

AMP to appeal BOLR verdict

AUTHOR

Laura Dew

Laura 's social profiles:

Melbourne adviser faces court over super theft

AUTHOR

Rhea Nath

Rhea 's social profiles:

Should ALRC wait until QAR is over to change advice legislation?

AUTHOR

Laura Dew

Laura 's social profiles:

CFS appoints group CEO

AUTHOR

Laura Dew

Laura 's social profiles:

ASIC review identifies licensees' remediation problems

AUTHOR

Laura Dew

Laura 's social profiles:

Five takeaways from ASIC’s AFSL data

AUTHOR

Laura Dew

Laura 's social profiles:

NextGen Financial Group to be wound up

AUTHOR

Laura Dew

Laura 's social profiles:

Never miss the latest news and developments in wealth management industry

Real-Time Settlement Efficiency in Modern Crypto Wealth Management

Trump, tariffs, and turmoil: Why investors are seeking alternatives

Bancara: The Future of Wealth, Built for Those Who Live Without Limits

The First 90 Days as a Sole Trader: Setting Up For Long-Term Success

MARKET INSIGHTS

Podcast

OUR PLATFORMS AND BRANDS

EVENTS AND SUMMITS

PODCASTS

LEARNING AND EDUCATION

MOMENTUM MARKETS NETWORK

STAY CONNECTED

USEFUL LINKS

OUR PLATFORMS AND BRANDS

EVENTS AND SUMMITS

PODCASTS

LEARNING AND EDUCATION

MOMENTUM MARKETS NETWORK

LINKS

CATEGORIES

STAY CONNECTED