Advisory firms are the only part of the investment value chain to escape fee pressure over the last five years in the face of shrinking margins and rising costs, according to a global report by FNZ and Boston Consulting Group.
The RBA has made its latest interest rate call for June with the bank warning further rate hikes are still to come.
A Brisbane financial adviser has been banned by ASIC after recommending his clients roll their superannuation into SMSFs and borrow to invest in residential property.
Magellan Financial Group has seen flat net institutional flows for the first time in a year while Australian equities outflows have moderated after significant outflows in the past two months.
ASIC has suspended the AFS licence of a managed investment schemes and general advice provider after it failed to lodge financial statements and audit reports for the financial years 2019-2022.
Four interim stop orders issued against Spaceship are the latest in a series of issues between the investment firm and the regulator over the last five years.
Single disciplinary body the Financial Services and Credit Panel has published its first outcome, relating to an adviser who impersonated a client on the phone.
The former chief executive of an ASX-listed asset manager and industry veteran has joined the board of online investing platform Stake as chairman.
Less than 1 per cent of total advisers are ‘pure risk’ advisers as commission changes and premium increases drive them out of the profession or into new advice careers, says Adviser Ratings.
Prime Financial is seeking to double its revenue growth by 2025 thanks to a five-year business re-organisation which is now reaping rewards as it sets its sight on multiple acquisitions.
