Adelaide advisory firm expands parental leave

adelaide/financial-advice/paid-parental-leave/

South Australian financial advice and accounting business Perks has extended its paid parental leave program from 12 to 26 weeks, putting it on par with big four firms.

AUTHOR

Research houses grapple with the rise of thematic ETFs

Thematics/ETFs/global-x/BetaShares/lonsec/

As thematic ETFs gain popularity among advisers, research houses have told Money Management of their unique challenge to rate these niche products and assess their long-term viability.

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US equity allocations ‘surge’ to 11-year high

Donald-Trump/US-equities/equities/asset-allocation/Bank-of-America/

Global fund managers are the most overweight to US equities since August 2013 on the back of the election of Donald Trump as US president-elect, according to Bank of America.

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AZ NGA makes first acquisition post-Oaktree deal

AZ-NGA/Sydney/financial-advice/M&A/

Professional services group AZ NGA has made its first acquisition since announcing a $240 million strategic partnership with US manager Oaktree Capital Management in September.

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Magellan shutters 2 sustainable funds

ESG/sustainable-funds/Magellan/

Magellan Financial Group has terminated three funds in its Core Series, including a sustainable fund and ESG fund, having determined they are “unlikely to achieve the necessary scale”.

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Insignia’s Hartley on unlocking Shadforth and Bridges’ potential

insignia-financial/insignia/Scott-Hartley/Shadforth/bridges/

As Insignia Financial looks to bolster its two financial advice businesses, Shadforth and Bridges, CEO Scott Hartley describes to Money Management how the firm will achieve these strategic growth plans.

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Centrepoint Alliance targets growth across all 3 adviser streams

centrepoint-alliance/financial-advice/AFSL/licensees/

Centrepoint Alliance says it is “just getting started” as it looks to drive growth via expanding all three streams of advisers within the business.

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Which licensees saw the most complaints in FY24?

AFCA/

AFCA’s latest statistics have shed light on which of the major licensees recorded the most consumer complaints in the last financial year.

AUTHOR

AWAG takes equity stake in Victorian advice firm

financial-advice/M&A/regional/Victoria/

Four months after making its first equity partnership, the Australian Wealth Advisors Group has taken a second stake in a regional Victorian advice and accountancy firm.

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Schroders establishes new group executive committee

Schroders/executive/appointment/

The UK-based global asset manager has formed a new group executive committee to accelerate its growth strategy following the commencement of its new CEO this month.

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