Padua Solutions has poached an individual from Colonial First State to take on a newly created role focused on overseeing its technical capabilities.

Adviser losses this week are quadruple the same period a year ago, with the industry falling into negative territory for the last 12 months.

Wealth managers who lack expertise in alternatives could find themselves at risk of losing clients, according to iCapital, with a shift towards evergreen funds already at play in their asset allocations.

The development of semi-liquid private equity funds is providing an easier way for wealth managers to access the asset class, according to a panel, while firms are substantially improving their valuation processes.

Generation Development Group has appointed former Evidentia chief executive Peter Smith as an executive director.

Colonial First State has announced the latest manager to join its Edge managed accounts menu, focusing on providing investors with a strategic income.

Equity Trustees has paid three infringement notices issued by ASIC in which the corporate regulator alleged it made misleading statements about investments in a sustainable bond fund.

Rising advice fees has prompted Radar Results to increase its price guide to a minimum of $3,000 per client to reflect the changing shape of the adviser landscape.

Only three active asset managers are forecast to see positive flows through to FY29, according to Morningstar, with those focused on specialist fixed income in the best position as investors move to defensive asset allocations.