SQM Research, InterPrac face lawsuits over alleged failures involving Shield, First Guardian

ASIC/asic-enforcement/sqm/

ASIC has launched legal action in the Federal Court against SQM Research and Interprac Financial Planning, citing alleged failures related to the Shield and First Guardian fund collapses.

AUTHOR

Reporting challenges hindering advisers’ private market allocation

data/private-markets/reporting/

While interest in private markets continues to grow, a panel of industry professionals have argued that data and reporting challenges in this sector are limiting accessibility for financial advisers.

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MST completes FIIG AM acquisition, expands leadership team

acquisition/fiig/fixed-income/M&A/

MST Financial has announced the completion of its acquisition and integration of FIIG Asset Management from AUSIEX, bolstering its leadership team in the process.

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BlackRock set to launch first active income-focused ETF

blackrock/ETF/active-ETF/fund-launch/

| By georgie preston |

After introducing its first active ETF to the Australian market earlier this year, BlackRock is now preparing to launch its first actively managed, income-focused ETF by the end of November.

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Evidentia enters binding agreement to acquire Encore Advisory

merger/generation-development-group/acquisition/

Evidentia Group, a wholly owned subsidiary of Generation Development Group, has entered into a binding agreement to acquire consulting firm Encore Advisory Group.

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Investment firms partner to enhance adviser capabilities

asset-consultants/evergreen-consultants/merger/

Ascalon Capital and Evergreen Consultants have penned a merger to bring together their respective strengths to support the firms’ clients and the financial adviser landscape.

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Fintech provider launches open-banking platform to support adviser needs

fintech/PADUA/platform/launch/

| By Alex Driscoll |

Fintech firm WealthX has launched a new platform to help streamline advisers’ client processes leveraging its recent partnership with Padua Solutions.

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Relative Return: Helping Australians retire with confidence

Podcast/Relative-Return/

| By Staff |

In this episode of Relative Return, host Laura Dew speaks with Rachel White, head of financial adviser services at Vanguard about how advisers can help Australians to feel confident in retirement.

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Private markets and APLs: Advisers lean on AFSL for guidance

private-markets/private-credit/AFSL/APL/

As private markets maintain their position in the spotlight amid ASIC scrutiny, an adviser and an investment specialist have highlighted the growing reliance on AFSLs to guide advisers’ use of the asset class.

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Perennial appoints microcap manager, takes stake in specialist firm

Perennial/microcap/active-fund-managers/Australian-small-caps/

Perennial Partners has entered into a binding agreement to take a 50 per cent stake in Balmoral Investors and appoint it as the manager of Perennial's microcap strategy.

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