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Magellan reports 1H25 results amid appointment shuffle

Magellan/Magellan-Financial-Group/Magellan-asset-Management/Sophia-Rahmani/

Magellan Financial Group has reported its first half FY25 results while appointing a new chief financial officer and promoting Sophia Rahmani to chief executive.

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Netwealth sees 80% rise in net flows

netwealth/platform/private-markets/matt-heine/

Platform Netwealth has reported its financial results for the first half of FY25, reporting an 80 per cent increase in net flows, with its CEO viewing a “huge opportunity” from private assets.

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Schroders expands active ETF range with 2 launches

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Schroders Australia has launched two active ETFs and plans to further expand its listed range over the year ahead.

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Relative Return Unplugged: RBA’s rate cut – a cautious move or necessary relief?

Podcast/Relative-Return/

On this episode of Relative Return Unplugged, host Maja Garaca Djurdjevic is joined by AMP’s chief economist Sha

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Selfwealth updates on 2 competing acquisition bids

Bell-Financial-Group/selfwealth/M&A/

Selfwealth has provided an update on the status of its scheme implementation deed with Bell Financial Group, and whether rival bidder Svava remains in the picture.

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Insignia reports $17m NPAT loss in 1H25

insignia/advice/financial-results/Scott-Hartley/

Insignia Financial has reported a statutory net loss after tax of $17 million in its first half results, although the firm has noted cost optimisation means this is an improvement from a $50 million loss last year.

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BDMs critical to advisers’ understanding of alts markets

BDM/business-development-manager/Alternatives/private-markets/financial-advisers/

With alternative funds being described as “impossible” for fund managers to target towards advisers without the support of BDMs for education, Money Management explores the evolving nature of the distribution role.

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Former AMP CEO joins Merlon Capital Partners

merlon-capital-partners/amp/Platinum-Asset-Management/appointments/

Merlon Capital Partners has made multiple appointments to its business, including the former chief executive of AMP and two investment specialists from Platinum Asset Management.

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MDAs equal ‘sweet spot’ between efficiency and customisation

managed-accounts/IMAP/MDA/

With SMAs and MDAs being “the most powerful strategy” advisers can employ in their business, this CEO examines why the latter offers a sweet spot between efficiency and customisation.

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AFSLs warned on AI risk governance

artificial-intelligence/dash/ASIC/licensees/

Following ASIC’s report into AFSLs’ adoption of AI last year, two DASH executives have urged financial advice practices to consider AI within their risk governance frameworks or risk regulatory scrutiny.

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