ASIC cancels AFSL following CSLR payments
ASIC has cancelled the AFSL of a Perth financial services firm following payments to its clients by the Compensation Scheme of Last Resort after a failed managed investment scheme.
AUTHOR
Bravura CEO Russell to step down
Bravura chief executive Andrew Russell has announced he will be stepping down from the company, just under two years after his appointment.
AUTHOR
Laura Dew
Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.
Younger advised clients sitting top of buyers’ wishlist
Financial advice businesses with a younger, wealthier client base are enjoying higher valuations and increased attention from potential buyers than those with older clients.
AUTHOR
Jasmine Siljic
Jasmine Siljic is a journalist at Money Management. Prior to joining MM, she also worked across other Momentum Media brands as an intern and cadet journalist. She recently completed a Bachelor of Media and Communications at Macquarie University.
How have adviser numbers fared under Labor?
With the federal election just days away, how have adviser numbers changed over the last three years of the Labor government?
AUTHOR
Shy-Ann Arkinstall
FSCP reviews adviser’s CPD breach
The Financial Services and Credit Panel has made a decision regarding an adviser who failed to complete their continuing professional development.
AUTHOR
Laura Dew
Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.
Spectrum offering boosts Praemium FUA
The newly launched high-net-worth offering, Spectrum, has boosted funds under administration at platform Praemium, rising to $62.3 billion.
Clime IM sets groundwork for retail approach
Clime Investment Management has enacted a range of growth initiatives to boost the firm’s reach with wholesale investors and a new approach targeting the retail market.
AUTHOR
Laura Dew
Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.
GDG joins ASX 200 as growth pipeline delivers
Generation Development Group, parent of Generation Life, has entered the ASX 200, having grown its funds under management to almost $4 billion.
AUTHOR
Jessica Penny
Advice firm penalised $11m over ‘cookie cutter’ advice
A financial advice firm has been penalised $11 million in the Federal Court for providing ‘cookie cutter advice’ to its clients and breaching conflicted remuneration rules.
AUTHOR
Laura Dew
Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.
Relative Return Insider: One last word – Jones on advice, reform, and what comes next
In this week’s special edition of Relative Return Insider, we bring you outgoing Financial Services Minister Ste
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