Over $1.5bn lost to investment scams in 2022

ACCC/finfluencer/scams/

The latest Targeting Scams report has revealed Australians lost over $1.5 billion in investment scams in 2022, with the number targeted for investment scams via social media rising by a third.

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Director jailed for $1.8m investment fraud

ASIC/fraud/

A Tasmanian director has been sentenced to jail for a $1.8 million fraud scheme, where many of the victims were pensioners who had been targeted by cold-callers.

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Lonsec CIO steps down

lonsec/research-houses/

Lukasz de Pourbaix, executive director of Lonsec Investment Solutions and chief investment officer, is set to depart the firm in mid-June.

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Redefined team unveiled to drive financial services media powerhouse

Australia’s foremost provider of financial services news, analysis and market intelligence, Momentum Media has today unveiled the team behind Australia's leading force in financial services industry media.

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What could the future look like for finfluencers?

finfluencers/ASIC/social-media/

With finfluencer Tyson Scholz receiving a permanent injunction, a global regulatory report, co-chaired by ASIC, has shed light on what the future could look like for finfluencers and the firms who work with them.

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AIOFP welcomes ‘pragmatic’ view of Treasury to QAR

banks/quality-of-advice-review/AIOFP/

The Association of Independently Owned Financial Professionals has shared insights from its meetings with the Treasury regarding the Quality of Advice Review, where it strongly disagrees with Michelle Levy’s proposals.

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Bank collapses fail to deter investors from banking shares

banking/selfwealth/investing/

Analysis of trading behaviour of the SelfWealth cohort found banking trades increased significantly in March, despite the crash of Silicon Valley Bank and Credit Suisse, with the majority buying rather than selling.

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APAC ETF AUM poised to reach $2.5tn by 2027: PwC

ETFs/PwC/Global-X-ETFs/

A global survey of more than 70 ETF executives has recorded massive optimism for the market and the “untapped potential” it offers investors.

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The human foundation of the adviser-client relationship

FPA/Financial-Planning-Association-of-Australia/financial-advice/client-relationships/

Whilst having technical knowledge is crucial, this adviser suggests that being an emotional rock to clients should be the top priority.

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Thousands of advisers still lacking approved degrees

degree/Wealth-Data/experience-pathway/financial-advice/

There are still over 3,000 financial advisers on the Financial Advisers Register (FAR) who are without a degree and expect to rely on the experience pathway to continue their careers.

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