ASIC is launching a new portal for Australian Financial Services licensees in May to ease the process of applying for a licence.
The Federal Court has made orders freezing the assets of an individual allegedly associated with marketing Shield and First Guardian Master Funds.
AFCA’s Shail Singh has encouraged financial advisers, who are often the first to hear about examples of misconduct, to speak up and report such activity if they seek self-regulation.
Platinum chief executive Jeff Peters has indicated it is unlikely former co-chief investment officer Clay Smolinski will return to running the firm’s $4.2 billion flagship International Fund after his sabbatical.
Global wealth management platform FNZ has appointed a new group head of APAC, while boutique investment manager TWC Invest welcomes a chief technology officer.
TAL has appointed a senior manager for investment strategy and portfolio management who joins from a lead role at AIA.
Wealth technology platform HeirWealth has announced an integration with Class Super so advisers can link their accounts with the platform.
ASIC has applied for Falcon Capital to enter liquidation in the Federal Court as it continues its investigation regarding allegations customers were encouraged to roll over their super into its First Guardian fund.
Mid-tier asset managers experiencing profitability pressures are considering the ETF market to take advantage of their demand and boost their inflows, but it is critical that they can justify how it complements their existing business model.
Australian Ethical’s head of private markets has told Money Management the firm is exploring options in private markets for its wholesale investors.
