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GQG net flows double to US$20bn in 2024

GQG-Partners/gqg/private-markets/funds-management/

GQG Partners saw a twofold increase in net flows for 2024, as chief executive Tim Carver eyes a robust pipeline of potential deals for its private capital solutions business in the year ahead.

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Reach Alts appoints private wealth head

Alternatives/private-markets/appointment/

Reach Alternative Investments has appointed a head of private wealth following the firm’s strategic alliance with platform HUB24.

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Brookfield brings Oaktree private credit fund to Australia

private-markets/fund-launch/private-credit/

Brookfield, which recently entered the bidding war to acquire Insignia Financial, has launched a private credit strategy managed by Oaktree for Australian wholesale investors.

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Advisers urged to expedite retirement income discussions

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Financial advisers are being encouraged to bring forward their retirement income planning conversations with clients, with an ideal “runway” of at least 10 years prior to retirement.

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AMP FY24 NPAT declines with advice sale

amp/financial-advice/Alexis-George/

Having sold off its advice division for a loss, AMP has reported a 43 per cent reduction in statutory net profit after tax in FY24, with the business now focusing on becoming a retirement specialist.

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Advice profession enjoys 5 weeks of consecutive growth

Wealth-Data/new-entrants/adviser-numbers/

Financial adviser numbers are up by more than 200 for the financial year, according to Wealth Data, driven by five weeks of back-to-back growth.

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‘Rising tide lifts all boats’ for platforms amid advice boom

platforms/infocus/amp/HUB24/Recep-Peker/

Rather than competing on fees, platforms are aiming to stand out by helping advisers achieve scale and efficiency in their practices, offering an even greater range of services to clients.

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Refining tech crucial for advice M&A prep

intelliflo/advice-technology/technology/M&A/

As financial advice continues to be a major target for M&A, intelliflo has encouraged practices to improve their processes and data management before prospective buyers come knocking.

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Clime IM appoints 2 to business

Clime-Investment-Management/Clime/hires/appointments/

Clime Investment Management has appointed two to its operations team, focusing on managed funds, as it continues its cost-cutting process.

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Managed account consultants seen as valuable asset for advisers

managed-accounts/asset-consultants/IMAP/generation-development-group/research-houses/lonsec/

The acquisition of Evidentia Group by GDG shows how valuable the role and personal relationship with a managed account consultant has become to the financial advice industry, says IMAP’s Toby Potter.

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