Former wealth director sentenced over ‘persistent and wilful defiance’ of ban

ASIC/federal-court/enforcement/

Former wealth firm director Joshua Fuoco has been convicted of contempt of court, sentenced and permanently banned from being involved in financial services after breaching a 10-year ban.

Read more about:

AUTHOR

Sydney advice firms see AFSL cancellation

ASIC/Sydney/AFSL/

In its first FY26 action, ASIC has cancelled the AFSLs of two Sydney advice firms over their failures to pay industry funding levies.

Read more about:

AUTHOR

First Guardian RE directors see travel restraints order imposed

ASIC/court/

The Federal Court has made interim travel restraint orders against two Falcon Capital directors, while also freezing one director’s assets.

AUTHOR

Which licensee has the largest share price growth of FY25?

licensees/share-price/australian-equities/equities/

For the 2025 financial year, all but one listed advice licensee has reported double-digit share price growth – but which licensee has seen the best performance and what activities have they enacted during the period?

Read more about:

AUTHOR

Insignia Financial bidder mulls latest takeover offer

insignia/insignia-financial/private-equity/

CC Capital, the last remaining player in the bid to acquire Insignia Financial, is still yet to finalise its offer, the firm has informed the market.

AUTHOR

Advisers identify platforms leading the field in 2025

platforms/research/financial-advice/technology/

The top-performing investment platforms of 2025 have been revealed in the latest Money Management Advice Tech Review Survey by Agile Market Intelligence.

Read more about:

AUTHOR

Evidentia Group confirms exec leadership team

lonsec/generation-development-group/managed-accounts/

Evidentia Group has confirmed its new executive leadership structure, having been formed from the merger between Evidentia and Lonsec Investment Solutions, to shape the future of managed accounts.

Read more about:

AUTHOR

Bitcoin ETFs on the rise, but advisers are skeptical

bitcoin/ETFs/crypto/cryptocurrency/

VanEck’s Bitcoin ETF has amassed $290 million in assets in its first year, but the ETF provider has said financial advisers remain skeptical of the asset.

Read more about:

AUTHOR

ASIC’s banning actions against advisers in FY25

ASIC/financial-advice/banning/exam/

Money Management rounds up actions ASIC took against advice individuals in FY25 from exam falsifications to dishonest conduct.

Read more about:

AUTHOR

Reliefs introduced to help licensees with reportable situations

ASIC/AFSL/enforcement/compliance/

Having proposed changes earlier this year, ASIC has clarified how it will support licensees with additional relief under the reportable situations regime.

Read more about:

AUTHOR

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months 2 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months 2 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months 3 weeks ago

The RBA has handed down its much-anticipated rate decision, following widespread expectations of a close call....

1 week 4 days ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

3 weeks 5 days ago

ASIC has confirmed the industry funding levy for the 2024–25 financial year, and how much licensees can expect to pay....

2 weeks 2 days ago