How are platforms addressing the private markets surge?

platforms/investment-trends/BT-Panorama/netwealth/HUB24/praemium/

| By Jasmine Siljic |

As another 32,000 HNW investors say they plan to enter the private market investment space in the next 12 months, platforms are having to “act swiftly” to strengthen their investment menu accordingly, says Investment Trends.

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Jasmine Siljic

Jasmine Siljic is a journalist at Money Management. Prior to joining MM, she also worked across other Momentum Media brands as an intern and cadet journalist. She recently completed a Bachelor of Media and Communications at Macquarie University.

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Clime IM turnaround program leads to return to operating profit

Clime/Clime-Investment-Management/

| By Laura Dew |

Funds management

Clime Investment Management has reported a return to operating profit after a $1.6 million loss a year ago thanks to an aggressive turnaround program.

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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GDG shares Lonsec results post-business realignment

Generation-Life/generation-development-group/Lonsec-Research/research-house/

| By Jessica Penny |

Funds management

An increased number of products rated following the boom in private markets funds have seen revenue at Lonsec Research & Ratings rise to $21.4 million.

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Jessica Penny

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BML Funds to be wound up as manager departs for Platinum

Platinum/Platinum-Asset-Management/appointment/

| By Laura Dew |

Funds management

Fund manager BML Funds, which has $1 billion in assets under management, is to be wound up as its chief investment officer Ted Alexander moves to Platinum.

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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SMA asset boom prompts calls for fee standardisation

separately-managed-accounts/SMAs/managed-accounts/Adviser-Ratings/

| By Shy-Ann Arkinstall |

Financial planning

As assets in separately managed accounts reach $200 billion, industry stakeholders have formed a committee to standardise their fee reporting.

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Shy-Ann Arkinstall

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Managed investment scheme sees assets frozen by Federal Court

court/ASIC/managed-investment-scheme/

| By Keith Ford |

Financial planning

The Federal Court has made interim orders to freeze the assets of a managed investment scheme, its responsible entity, and a director.

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Keith Ford

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Which financial advice players are driving new entrant growth?

Wealth-Data/new-entrants/adviser-numbers/

| By Jasmine Siljic |

Financial planning

With new entrant numbers up 90 for the calendar YTD, Wealth Data has revealed the top licensee owners that have onboarded new advisers.

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Jasmine Siljic

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Sequoia moves ‘onto the freeway’ after turbulent period

Sequoia/Sequoia-financial-group/Garry-Crole/

| By Jasmine Siljic |

Financial planning

Sequoia Financial Group’s business simplification program has led to a strong profit growth for the first half of FY25, saying it is “out of the congestion and onto the freeway”.

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Jasmine Siljic

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Australian Ethical flags private markets expansion

Australian-Ethical/Australian-Ethical-Investment/private-markets/financial-results/

| By Laura Dew |

Funds management

Australian Ethical has become the latest fund manager to flag an expansion of its private markets range while reporting a 50 per cent rise in statutory net profit after tax in the first half of FY25.

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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PM Capital bids for 2 Platinum LICs

PM-Capital/Platinum/Platinum-Asset-Management/listed-investment-companies/M&A/

| By Laura Dew |

Funds management

PM Capital’s Global Opportunities Fund has made a binding offer to acquire the two listed investment companies run by Platinum Asset Management.

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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