The RBA has handed down its much-anticipated rate decision, following widespread expectations of a close call.

Platinum Asset Management has entered into binding terms for a merger with L1 Capital with the firm to be renamed upon completion.

Financial year losses of limited advice advisers could mean the sector is “dead in the water” going forward after a continuous decline.

Two national advice businesses have merged to form a leading holistic advice business with $2.5 billion in funds under management.

Insignia Financial has completed its transition of a range of administration and technology functions to SS&C Technologies as it seeks to be a leading wealth manager by 2030.

Prime Value Asset Management has launched a retail fund investing in microcap companies, a new version of its existing wholesale offering.

From multiple fund launches and personnel changes to major outflows and a scrapped deal, Money Management has collated the most significant news in the funds management industry over the past 12 months.

ASIC has permanently banned a financial adviser after he allegedly concealed information from clients and misused client funds, among other breaches.

Two active fund managers have outshone rivals to report double-digit share price growth of more than 40 per cent for FY25, but another has lost more than 50 per cent.

BlackRock has successfully completed its acquisition of global credit investment manager HPS Investment Partners, with the intention now to create a US$190 billion private financing solutions platform.