Further adviser losses seen at two major licensees

Two of Australia’s largest financial advice licensees, Count Financial and AMP Group, have each lost five advisers this week, while Sequoia has “bounced back” after recent losses.

AUTHOR

Jasmine Siljic

Jasmine Siljic is a cadet journalist at Money Management and Super Review. Prior to joining MM and SR, she also worked across other Momentum Media brands as an intern. Jasmine previously completed an internship at Mamamia news. She is currently studying a Bachelor of Media and Communications at Macquarie University.

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Advisers propel bulk of ETF net flows in 2024

| By Jasmine Siljic |

Funds management

Advised money is the largest source of net ETF flows this year to date, according to Betashares’ estimates, underlining significant adviser demand for these solutions.

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Jasmine Siljic

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Fortnum CEO sharpens focus on organic adviser pipeline

| By Jasmine Siljic |

Financial planning

Fortnum Private Wealth CEO, Neil Younger, says scale is becoming a necessity rather than a benefit for financial advice licensees as it focuses on organic growth via licensee switching.

AUTHOR

Jasmine Siljic

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Asset managers expand wealth distribution teams

| By Laura Dew |

Funds management

Schroders Australia, ClearBridge and GAM have all made new hires in their distribution teams, focusing on wealth and financial advisers.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Relative Return: Solving the super technology problem

| By Laura Dew |

Editorial

In this episode of Relative Return, host Maja Garaca Djurdjevic speaks with Riley James, founder and chief execu

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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‘Licensee for hire’ Lanterne receives Federal Court penalty

| By Laura Dew |

Financial planning

The Federal Court has issued a seven-figure penalty against Lanterne Fund Services, a wholesale licensee which operated as a “licensee for hire”.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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The challenges faced by ESG after a ‘euphoric’ period

| By Shy-Ann Arkinstall |

Financial planning

Ahead of the Responsible Investment Association Australasia annual conference in May, Zenith Investment Partners’ Dugald Higgins shares his thoughts on the evolving sector and the challenges it faces after a period of strong performance.

AUTHOR

Shy-Ann Arkinstall

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The state seeing 37% financial adviser pay rises

| By Laura Dew |

Financial planning

The top salaries for financial advisers have risen by more than a third in the past year in one state, according to recruitment firm Robert Walters.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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JPMAM to eliminate usage of proxy advisers

| By Laura Dew |

Funds management

JP Morgan Chase chief executive, Jamie Dimon, has stated it aims to eliminate the usage of proxy advisers by the end of 2024 in its asset management arm as he believes it is becoming difficult for portfolio managers to overrule their voting decisions.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Rethinking risk management for advice licensees

| By Jasmine Siljic |

Financial planning

Insignia Financial’s chief risk officer sheds light why the “multidimensional” risks of operating a financial advice licensee requires a holistic and curious approach.