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Just one day after announcing it was awaiting a final bid from CC Capital, the two firms have entered a scheme of arrangement, albeit at a lower price than initially bid....

Netwealth targets HNW and UHNW investors with latest solution

Platform Netwealth has unveiled a wholesale-only platform solution, designed to meet the growing opportunity among high and ultra-high-net-worth investors....

ASIC sues Fortnum Private Wealth over alleged cyber security breach

ASIC is suing advice business Fortnum Private Wealth, a subsidiary of Australia’s largest licensee Entireti, for alleged cyber security failures which led to client data ...

Ex-Bravura CEO joins AZ NGA board

Libby Roy has been appointed as an independent non-executive director on the board of AZ NGA....

Active ETFs see YTD flows spike 74% globally

Highlighting the growing demand for active ETFs, global year-to-date inflows into the funds are 74 per cent higher than the same period in 2024 to stand at US$267 billion...

Calastone to be acquired by SS&C

ETF servicing provider Calastone has entered into an agreement to be acquired by SS&C Technologies in a $1.5 billion deal. ...

AMP doubles down on ‘hunting’ for new business

With the role of BDMs evolving, AMP chief executive Alexis George admitted the firm “didn’t spend enough time on selling” and a renewed focus on this division is successf...

‘Unacceptably high’: AFCA hits 100k complaints for FY25

The Australian Financial Complaints Authority has received more than 100,000 complaints for the second year running, with investment and advice complaints rising 18 per c...

Illegal advice lands Melbourne individual with permanent ban

ASIC has permanently banned a Melbourne individual who illegally provided financial advice which led investors to deposit $374,000 into his bank accounts....