Melbourne advice firm in AI collaboration with VBP

AI/financial-advice/

Financial advisory firm Yarra Lane has launched a robotic process automation consulting service, in association with outsourcing specialist Vital Business Partners.

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New shadow finance roles appointed as Hume exits

Jane-Hume/Financial-Services/coalition/andrew-bragg/tim-wilson/

The Coalition has announced a new shadow treasurer and minister for financial services, while Jane Hume will exit the shadow ministry.

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‘Competency failures’ lead to Sydney AFSL cancellation

ASIC/AFSL/financial-advice/

ASIC has cancelled the AFSL of a Sydney-based advice firm, describing how it demonstrated “competency failures” in its activities.

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Advisers underestimating client demand for alternatives

Alternatives/financial-advice/asset-allocation/

Wealth managers are underestimating the client demand for alternatives, according to EY, and those who can integrate a full range into investment propositions stand to gain a competitive advantage over their peers.

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Are you annoying your clients?

morningstar/financial-advice/behavioural-finance/

Morningstar behavioural scientist Ryan Murphy has shared the top annoyances held by clients towards their financial advisers and how it could impact their ongoing relationship.

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Intelliflo launches fee consent screen in reaction to DBFO

advice-technology/technology/intelliflo/

Advice technology solution intelliflo has launched a fee consent screen to provide financial advisers with enhanced fee tracking abilities, responding to latest DBFO legislation.

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La Trobe Financial launches private credit fund

La-Trobe-Financial/private-credit/

La Trobe Financial has announced the launch of an ASX-listed private credit fund, offering a new funding avenue for the firm.

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Challenger confirms double board appointment

challenger/Challenger-Limited/Challenger-life/

The financial services company has welcomed two independent non-executive directors to its board, while also announcing the upcoming departure of another board member.

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CSLR spend set to fall below FY25 estimate

CSLR/compensation-scheme-of-last-resort/financial-advice/levy/

Spending by the Compensation Scheme of Last Resort in FY25 is expected to be less than the $24 million it had previously estimated, the body has announced.

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‘Building an airplane in the sky’: How platforms are keeping up with AI

platforms/netwealth/HUB24/artificial-intelligence/

The rise of artificial intelligence (AI) is a “massive enabler” for Australia’s investment platforms, says HUB24 and Netwealth, as they seek to lead this technological disruption.

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