There may be a trend for advisers opting to set up their own licence, but those contemplating the change have been warned it is not necessarily the right path for every adviser.
Perpetual saw $4.3 billion in outflows from its asset management division in the last quarter to 31 December, but market movement meant overall AUM increased.
The $211 billion Future Fund has appointed a new chair to replace Peter Costello, who will step down next month after 14 years.
Tribeca portfolio manager, Jun Bei Liu, remains optimistic amid forecasts of a soft landing and has outlined three sectors to be potential winners in the year ahead.
Wealth management and advice technology firm GBST has appointed a head of Asia Pacific, joining from SS&C Technologies.
A former Melbourne wealth director could face imprisonment after allegedly running five companies despite being ordered by the Federal Court to not carry on a financial services business for 10 years.
Wealth Data has recorded a “very encouraging” 18 advisers joining the financial advice industry this week, with over three-quarters joining as new entrants.
Significant demand for both Australian and international equity exposure has driven Betashares’ two flagship ETFs to reach more than $4 billion in funds under management each.
A director at the Financial Advice Association Australia and a former superannuation chief executive are among recipients of this year’s Australia Day honours.
The asset manager has welcomed a new head of wholesale client coverage to focus on Australia and New Zealand, representing a “key step” in its growth strategy.
