The rise in interest rates is having a knock-on effect on financial advice M&A activity as buyers are finding themselves approved for financing that is up to 30% lower than last year.
IMAP’s Census of Managed Account FUM has reported over $10 billion of inflows in the last six months of 2022, recording a 9.8% rise in funds under management from the previous year.
Pengana Capital has announced board changes as non-executive director Warwick Negus takes up a role as chairman of the Bank of Queensland.
Vihari Ross, who was responsible for leading Magellan’s 30-person global research team, has moved to Antipodes as a portfolio manager.
The firm has announced a partnership with Activus Investment Advisors to establish a suite of branded managed portfolios on the Macquarie Wrap platform.
The listed financial services company has released numerous enhancements to its ClearChoice life insurance product range.
Money Management takes a closer look at the financial adviser exam and how this year’s exam results have differed from previous ones.
Whilst digitally-enhanced advice seems inevitable following the final QOA report, industry members still debate the extent of its effectiveness.
Bank of Queensland has provided an update for shareholders on its search for a chief executive following the surprise departure of George Frazis last November.
CountPlus has announced it will hold an extraordinary general meeting to vote on a name change for the business.
