Former wealth firm director Joshua Fuoco has been convicted of contempt of court, sentenced and permanently banned from being involved in financial services after breachi...

Adviser Ratings has argued that it’s time for more advisers to utilise digital engagement tools available to them as a disconnect grows between consumers seeking advice f...

Australian licensees are expected to make greater use of custom model portfolios for their clients, according to State Street Investment Management, following in the foot...

ASIC has confirmed the industry funding levy for the 2024–25 financial year, and how much licensees can expect to pay....

ASIC’s enforcement action is having an active start to the new financial year, banning a former Queensland financial adviser for 10 years in relation to fees for no servi...

AMP has announced to the ASX that it is being sued by property fund manager Dexus regarding the sale of its real estate and domestic infrastructure equity business....

Metrics Credit Partners has completed the acquisition of Taurus Finance Group and BC Investment Group as it looks to launch consumer lending arm Navalo....

First Sentier Investors chief executive, Mark Steinberg, is set to depart the asset manager after seven years. ...

Adviser losses for the end of June have come in 143 per cent higher than the same period last year, and bring the total June loss to over 350. ...

In this week’s episode of Relative Return Insider, hosts Maja Garaca Djurdjevic and Keith Ford break down the flurry of activity and announcements since the calendar tick...

BlackRock has successfully completed its acquisition of global credit investment manager HPS Investment Partners, with the intention now to create a US$190 billion privat...

The finalists for the 2025 Australian Wealth Management Awards have been revealed, shining a spotlight on the top performers and rising stars across the nation’s wealth s...

Results are out for the latest sitting of the ASIC financial advice exam, with the pass rate falling for the second consecutive sitting....

Former Iress chief executive, Andrew Walsh, has been promoted to chair of a boutique Sydney advisory firm, having stepped down from the same position at Mason Stevens....

The Compensation Scheme of Last Resort has released the FY26 revised levy estimate, but the FAAA is concerned costs will be pushed into the following year....

Magellan has closed out the financial year with funds under management approaching $40 billion and outlined its estimated performance fees....

Disgraced adviser Joshua Fuoco described himself as the “biggest monkey” at AFSL Group and provided financial advice via WhatsApp, all while being banned for 10 years, co...

From multiple fund launches and personnel changes to major outflows and a scrapped deal, Money Management has collated the most significant news in the funds management i...

Two active fund managers have outshone rivals to report double-digit share price growth of more than 40 per cent for FY25, but another has lost more than 50 per cent. ...

Financial year losses of limited advice advisers could mean the sector is “dead in the water” going forward after a continuous decline. ...