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Adviser cops FSCP reprimand over super advice

FSCP/

A financial adviser has been given a reprimand by the FSCP for contraventions under the Corporations Act regarding superannuation advice.

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Where could ETFs go in the next 12 months?

private-markets/ETFs/State-Street/active-ETFs/Alternatives/

State Street has shared several ETF predictions for how ETFs could grow in 2025 and beyond, including a focus on artificial intelligence and alternative investments.

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RBA takes measured step amid uncertainty

The Reserve Bank of Australia (RBA) has lowered rates to a level not seen since mid-2023.

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Will advisers shun Insignia’s salaried advice model?

insignia/insignia-financial/financial-advice/Shadforth/bridges/morningstar/

The restructure of Insignia Financial’s advice network into two parts could lead to further adviser attrition than initially forecast if advisers shun the salaried model, Morningstar believes.

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Barings targets wealth market with alts products

Alternatives/wealth-managers/distribution/

The democratisation of alternatives funds was a key reason for Barings to consider entering the Australian wealth management market, its Australian wealth distribution head has stated.

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AWAG continues M&A spree with double investment

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

The Australian Wealth Advisors Group has taken a 20 per cent stake in two Australian wealth management firms, having also made two investments last year.

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Franklin Templeton closes 2 funds for low AUM

Franklin-Templeton/Martin-Currie/active-funds/

Franklin Templeton Australia has closed two funds run by ClearBridge and Martin Currie, one of which is over 40 years old.

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Active ETFs set to outpace passive listings

active-ETFs/ETFs/ASX/

Australia is driving the way in active ETFs, according to Trackinsight, and active listings could outpace those of passive ones by FY26.

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Fund managers struggle to source senior distribution staff

distribution/wholesale/funds-management/

Fund managers are seeking to strengthen their distribution teams to target the wealth management channels, but recruiters say it can be difficult to find senior hires.

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Bennelong to distribute Allspring product in Australasia

Bennelong/fixed-income/bonds/funds-management/

Having previously stated a desire for greater expertise in fixed income, Bennelong Funds Management has partnered with Allspring Global Investments on a global income strategy.

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