ASIC has cancelled the Australian financial services licence of Ivy League Capital Pty Ltd, a firm authorised to provide advice in relation to managed investment schemes.
Mason Stevens has partnered with independent ultra-high net worth advisory firm GloryHouse to leverage its platform for investment management and client services.
ETF usage by high-net-worth investors is on the rise with allocations rising by a third in the past year but it lags behind direct equity exposure.
Global X has announced the launch of its latest ETF, providing access to Japan’s largest companies under a low-cost structure.
High-net-worth clients with between $5-10 million are found to have the greatest unmet advice needs, according to LGT Crestone, with inheritance planning viewed as the most-sought after help.
Advisers are now serving more ongoing clients, according to a CFS report, but efficiency limitations continue to hinder the 82 per cent looking to serve more.
The advice industry is in an “arms race” according to minister for financial services, Daniel Mulino, ar
Real Asset Management has appointed a head of funds management- real estate to support its growing property team as the firm expands its diversified real estate platform.
T. Rowe Price has launched a multi-strategy credit fund in partnership with US firm Oak Hill Advisors to bring the strategy to Australia for the first time.
The outlook for small-scale retail funds may be “terminal” and has prompted Clime Investment Management to close two of its Australian funds.
