FAAA shares 5-year plan

financial-advice/regulation/

FAAA chair David Sharpe says its members are ready to control their own professional standards via co-regulation as the organisation shares its five-year roadmap.

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Industry redundancies raise questions about talent loyalty

insignia/hiring/

As cost-cutting programs drive a rise in wealth management redundancies, a recruitment consultant suggests highly regarded talent are seeing their loyalty tested in an uncertain market.

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Advisers bullish on global equities but valuations a worry

Fidante/global-equities/Australian-small-caps/equities/

A new survey has found advisers are planning to increase allocations to global equities as well as Australian small caps in the next six months, however they believe high valuations in the market remain concerning.

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Managed funds underperform despite lowered fees

managed-funds/morningstar/investSMART/

The average managed fund fee has declined by a third over the past 10 years, however InvestSMART’s analysis suggests this has not necessarily translated to them outperforming their benchmark.

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Ausbil set to unveil inaugural ETF

Ausbil/dividend/ETF/

The fund manager has announced plans to debut its first exchange-traded fund, launching in the first half of 2025.

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Relative Return Unplugged: What is the impact of the CSLR?

Relative-Return/

In this episode of Relative Return Unplugged, co-hosts Maja Garaca Djurdjevic and Keith Ford are joined by Money

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Director penalised $1.25m over unregistered MIS

ASIC/federal-court/

The Federal Court has found a company director guilty of operating unregistered managed investment schemes and carrying on a financial services business without holding an AFSL.

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How could ASIC mitigate wealth management collapses?

ASIC/financial-services-council/AFSL/enforcement/Senate-Economic-References-Committee/

The Financial Services Council has made multiple recommendations to ASIC regarding exercising its powers around AFSLs to mitigate the risk of failing companies including greater capital requirements.

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Infinity Capital Solutions announces new distribution hire

abrdn/viridian/distribution/

Infinity Capital Solutions, part of Viridian Financial Group, has welcomed a second former abrdn executive to the newly created role of national distribution manager.

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Reflecting on Insignia’s acquisition of MLC

insignia/insignia-financial/IOOF/Scott-Hartley/renato-mota/

As Insignia Financial formally completes the separation of MLC from NAB, Money Management reflects back on how the acquisition came to be and where Insignia sees MLC going forward.

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