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Morningstar optimistic for improved outcomes under merged Platinum-L1 manager

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Recommending Platinum shareholders to enact the merger with L1 Capital, Morningstar has said it expects the combined firm will be able to moderate outflows and facilitate diversity in product range.

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ASIC unveils financial advice roadmap amid regulation simplification

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Amid regulatory simplification, ASIC has outlined its efforts in making regulation clearer and accessible, as well as unveiled a roadmap for financial advisers on their obligations.

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Wholesale BDM hiring spikes as fundies target wealth managers

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Wholesale distribution is experiencing the most active hiring efforts as the decline in financial advisers means fund managers are focusing on high-net-worth investors and wealth managers instead.

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ECF calls in Takeover Panel over Lederer bid

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Elanor Commercial Property Fund has appealed to the Takeovers Panel regarding the takeover offer by family office Lederer Group, describing “disclosure deficiencies” in last month’s bidders statement.

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Simple is sweeter when targeting alts to wealth managers

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With wealth managers and advisers having minimal capacity for fund research, a BNY report has found simple alternatives strategies from established providers are those which resonate best with that time-poor audience.

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Platinum to lose $580m in major client redemption

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Platinum Asset Management has seen its third major client withdrawal this year, flagging a large client will redeem $580 million by November.

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BT looks to strategic alliances for platform growth

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Big four bank Westpac is seeking to expand the BT Panorama investment offering through strategic alliances as well as launching a low-cost offering.

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How did platforms fare in FY25?

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Wrapping up the reporting season for the 2024–25 financial year, Money Management rounds up the results of Australia’s listed platforms.

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Praemium platform launches integration, expanding global fund access

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Investment platform Praemium has announced an integration with fund services firm Clearstream’s platform into Praemium Spectrum, expanding advisers’ access to global funds and greater operational efficiency.

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Financial services firm relaunches as managed account specialist with $20bn target

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Financial services firm Akambo has rebranded itself as an investment management and asset consulting business after almost two decades of operation, targeting $20 billion in assets under management.

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