Wealth manager and stockbroker Ord Minnett has paid $888k to comply with an infringement notice from the Markets Disciplinary Panel regarding a buy-back.
Although finfluencers tend to “swim outside the safety flags”, Insignia chief executive Renato Mota believes they signal an unmet demand from a younger generation seeking advice and information.
Almost 20 students have filed a class action against James Cook University after discovering their financial planning degrees had not received accreditation, leaving them unable to secure jobs.
Morningstar research has seen inflows to sustainable funds fall by 91 per cent in the past quarter, with passive giant Vanguard reporting rare net outflows after the firm received infringement notices for alleged greenwashing.
The central bank’s monetary policy board has announced its cash rate decision amid mixed signals from the domestic and global economy.
Future Super has received an infringement notice from ASIC over alleged greenwashing, this time related to a social media post by the fund, following earlier action against Mercer Super.
An Australian asset manager has launched a global credit fund after acquiring a New York-based investment management group.
With growing expectations that the Reserve Bank of Australia will extend its interest rates pause, some believe further hikes aren’t completely ruled out.
The overall number of licensees has fallen by 15 per cent since January 2021, according to Wealth Data, but those focused solely on holistic advice have seen positive growth.
Research house SQM Research has launched Shares Professional to help advisers rank ASX 200 companies.
