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Escala adviser exits dent Powerwrap flows for Praemium

Departed advisers from wealth manager Escala Partners has significantly contributed to outflows of $251 million from Powerwrap for Praemium....

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....

Which platform has seen the greatest FUA growth?

Reviewing the results for FY25, Money Management explores which listed platforms have seen the strongest growth in funds under administration....

Fixed income managers react to adviser demand for enhanced income

Fixed income managers have shared how they are reacting to rising intermediary demand for bonds, and whether they are likely to expand their ranges into private credit. ...

Evidentia FUM approaches $30bn in Q4

Private markets funds entering Australia led to increased ratings demand at Lonsec Research and Ratings in FY25, while Evidentia Group saw FUM approach $30 billion post-m...

Shaw and Partners appoints national wealth head

Australian wealth manager Shaw and Partners has appointed a national head for its private wealth division, which has over 200 advisers and $40 billion in assets under man...

Founding portfolio manager to depart Blackwattle

Blackwattle Investment Partners has announced changes to its portfolio management as an equity manager who joined at the firm's foundation departs....

FAAA pins hopes on Dixon inquiry success

The Financial Advice Association Australia has stated it is “working closely” with the Financial Services Minister, Daniel Mulino, to remount the inquiry into Dixon Advis...

Australian Ethical manager to exit after 20 years

Australian Ethical Investment has announced the resignation of Andy Gracey, a portfolio manager and 20-year veteran of the firm....

How much do Aussie consumers trust their adviser?

Two surveys from CoreData and Vanguard have shared the level of trust the Australian public has in financial advisers, and how it has changed since the Hayne royal commis...

ASIC bans 2 former MWL Financial advisers

ASIC has banned another two former financial advisers of MWL Financial Services of making inappropriate advice to clients regarding the Shield Master fund, following two ...

Relative Return Insider: The business of cyber criminals

In this episode of Relative Return Insider, host Keith Ford is joined by Cyber Daily deputy editor David Hollingworth to take you inside the evolving landscape of cyber c...