What to know for a first-time ETF listing

cboe/active-ETFs/ETFs/law-firm/

Two listing experts have shared tips for fund managers to consider when it comes to launching their first ETF on an exchange.

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‘This isn’t like MAFS’: Merchant’s Haintz on successful advice M&A

financial-advice/M&A/WT-Financial/AFSL/

Merchant Wealth’s David Haintz has described how the firm differs from the traditional private equity ventures jumping into Australia, and why M&A isn’t like Married at First Sight.

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Count merger strengthens South Australian presence

Countplus/Count-Financial/M&A/mergers-and-acquisitions/Hugh-Humphrey/

An Adelaide-based financial planning and accounting firm is set to merge into Count Adelaide, aligning with Count’s ambitions to form a national footprint of scaled equity partnerships.

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‘Like pigs to slaughter’: ASIC to shut down almost 100 scam websites

ASIC/scams/federal-court/Sarah-Court/

ASIC has been granted permission to shut down almost 100 websites running investment scams, with the Federal Court describing how its victims were “fattened like pigs to slaughter”.

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Over half of inheritors lack ongoing adviser relationship

CoreData/fidelity/Fidelity-International/inheritance/wealth-transfer/intergenerational-wealth/

Despite younger generations representing the largest group of potential inheritors, CoreData has discovered less than half of beneficiaries have professional advice to navigate this transition.

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TAL takes minority stake in Challenger

challenger/Tal-Dai-Ichi-Life-Australia/M&A/

Insurer TAL has announced it has taken a minority stake in investment manager Challenger.

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Non-concessional contribution advice leads to FSCP action

ASIC/FSCP/

The Financial Services and Credit Panel has made a written direction after advice regarding non-concessional contributions meant an individual was forced to withdraw over $330,000 from their super.

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‘No magic wand’ for fund managers to reach retail market

asset-management/funds-management/Ernst-&-Young/

Asset managers may be encouraged to diversify their product ranges and branch into the retail or intermediary market but, two consultants argue, they may find it more complicated and costly than they expect.

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PGIM Fixed Income bolsters ranks with senior hire

pgim/PGIM-Fixed-Income/hires/appointments/

The US$837 billion fixed income manager has created a new head of asset-based finance role amid the rising client demand for asset-based financing and tailored investment solutions.

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Platinum rejects PM Capital bid for LICs

Platinum/PM-Capital/active-ETF/M&A/LICs/

Platinum Asset Management has rejected a bid from PM Capital to acquire its two listed investment companies.

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