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SIAA calls for prompt enactment of experience pathway

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The Stockbrokers and Investment Advisers Association has thrown its support behind the experience pathway, arguing its members would rather quit than study for unnecessary financial planning qualifications.

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Relative Return: Calling out the BS in ESG

ESG/managed-accounts/Podcast/Relative-Return/

In this week’s episode, Infinity Asset Management’s chief investment officer, Piers Bolger, shares his insights on BHP, Westpac, Afterpay, managed accounts and the marketing spin surrounding the ESG movement.

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Magellan Australian equity FUM falls by a quarter

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Australian equities have fallen dramatically for the second consecutive month at Magellan, falling by 25 per cent in April.

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Where are funds going wrong under DDO?

DDOs/ASIC/managed-investment-scheme/

ASIC has outlined the most common mistakes made by funds when creating their target market determinations as well as how many products have been withdrawn from the market for design and distribution issues.

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First finfluencer sentenced for market manipulation

finfluencers/ASIC/pump-and-dump/

The first person to be convicted of a ‘pump and dump’ scheme, Gabriel Govinda, has been sentenced and fined after pleading guilty to charges of share manipulation and illegal dissemination of information.

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Levy missed a trick to rebuild a dynamic profession

financial-advice/quality-of-advice-review/Michelle-Levy/United-Kingdom/advice-gap/

As the industry awaits government action on Michelle Levy’s recommendations, one big question looms: Why are so few Australians getting financial advice?

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HUB24 urges action on QAR as it acquires myprosperity

myprosperity/HUB24/Andrew-Alcock/quality-of-advice-review/

The Quality of Advice Review needs to be enacted “urgently” to allow the industry to rebuild, according to HUB24’s chief executive, Andrew Alcock, as the firm acquires client portal myprosperity.

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AMP Advice partners with open banking fintech

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AMP Advice has partnered with fintech firm Frollo to provide advisers and their clients with access to its open banking technology.

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Superhero to launch adviser platform in FY24

platforms/digital/

Investment platform Superhero has announced it will be launching an adviser platform for advisers and dealer groups to help them deliver affordable advice.

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Jones promises ‘ambitious’ climate agenda in 2023–24 Budget

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Speaking at the 2023 ACSI Annual Conference, Minister Stephen Jones said the government would prefer doing “too much too soon, not too little too late” on its sustainability agenda.

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