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Netwealth gains SMA range from Activam

netwealth/separately-managed-accounts/managed-account/

Managed account provider Activam Group has launched a multi-asset series of separately managed accounts

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ASIC takes action against Aus Unity over DDO failures

ASIC/australian-unity/enforcement/

The corporate regulator has announced it is taking action against Australian Unity regarding alleged failures by the fund manager in its target market determinations.

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‘Confusing and misleading’ advice among biggest client bugbears

AFCA/Assured-Support/advice/complaints/compliance/

Advisers may think they are being compliant with the regulation but for their clients, it is often communication that can cause the biggest headache in their adviser relationship and bring about complaints.

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Perpetual teams up with Partners Group on public-private funds

Perpetual/public-markets/private-markets/fund-launch/

Perpetual has signed a letter of intent with global private markets giant Partners Group to explore new investment products that combine both public and private assets.

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Novigi acquires Iress’ super consulting and managed services business

iress/apex/

Data and technology provider Novigi has acquired Iress’ superannuation consulting and managed services business from Apex Group.

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Which share was the May favourite of advised investors?

AUSIEX/australian-equities/CBA/commonwealth-bank/banks/

Trading platform AUSIEX has shared the most bought individual ASX share by advised investors in May as well as by advised self-managed superannuation funds.

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Former BBY chief exec charged over alleged dishonest conduct

stockbroking/ASIC/court/dishonesty-charges/

The former chief executive of failed stockbroker BBY has been charged in relation to the alleged dishonest conduct of the firm.

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Financial services leading the way for AI skills demand

PwC/artificial-intelligence/Financial-Services/technology/

Australia’s financial services sector is a clear frontrunner for the integration of AI, PwC findings reveal, with these skills becoming more democratised across the broader jobs market.

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UBS wealth COO heads over to Ord Minnett

ord-minnett/UBS/chief-operating-officer/

The Australian wealth management group has looked to competitor UBS to replace its outgoing chief operating officer, who departs after 15 years in the C-suite role.

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FAAA welcomes Mulino's support on DBFO reforms

financial-advice/Sarah-Abood/Parliament/treasury/

The Financial Advice Association Australia has confirmed it has met with newly appointed Minister for Financial Services, Daniel Mulino, to discuss DBFO and the CSLR.

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