3 areas to expect asset and wealth management M&A in H2

PwC/M&A/mergers-and-acquisitions/asset-management/wealth-management/

At the halfway point of the year, consolidation pressures continue to drive financial services M&A with three areas identified as targets for asset and wealth managers, according to PwC’s mid-year outlook.

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ASIC warns licensees of use of white labelling services

ASIC/licensees/AFSLs/

ASIC is calling on licensees to review their client onboarding practices to avoid vulnerabilities associated with share sale fraud, noting particular concerns in the use of white labelling services.

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Shaw and Partners enters NZ with $62m acquisition

Shaw-and-Partners/New-Zealand/M&A/

Aussie wealth manager Shaw and Partners has made its entry into the New Zealand market with a 75 per cent acquisition of investment firm Investment Services Group.

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The Advisers Association celebrates 100 years

amp/financial-advice/neil-macdonald/

After surviving significant evolutions of the Australian financial advice industry, The Advisers Association is now celebrating a century of advocating for advisers.

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Advisers' crypto hesitancy feeding into client allocations

crypto/cryptocurrency/Alternatives/CoreData/

With advisers expressing a reluctance to invest in cryptocurrency, advised clients are tending to have a smaller allocation to the asset than their unadvised peers.

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How should advisers navigate increasing their fees?

advice-fees/financial-advice/practice-management/

A panel of advisers have argued charging fees accordingly is a top priority for the industry, but Peloton Partners has found firms are reluctant to increase them until the business pressure is “unavoidable”.

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Fintech firm appoints ex-ANZ head as board executive

fintech/hires/appointments/

Financial services software and technology provider Fin365 has appointed a new executive chairman to the board to support the firm’s strategic growth plans.

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ETF inflows rocket YTD for Vanguard and Betashares

vanguard/BetaShares/ETFs/ishares/active-ETFs/

Helped by adviser demand, year-to-date flows into the two-largest ETF providers are more than double the volume they were at the same time last year as Vanguard’s largest ETF passes $20 billion.

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Advisers favour benefits from equal weighted ETFs

ETFs/AUSIEX/ASX/australian-equities/

Equal weighted ETFs are gaining ground with financial advisers, according to AUSIEX, as they believe they can bring balance to client portfolios.

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Global X targets $20bn AUM by 2027

ETFs/Global-X-ETFs/

ETF provider Global X has surpassed $10 billion in assets under management and is now targeting to double this figure by 2027.

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