How did Aussie fund managers fare in FY24?

Funds-management/Pinnacle/Magellan/Platinum/Perpetual/Pengana/

Money Management rounds up the financial results for Australia’s listed fund managers.

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Nikko AM unveils new brand name

Nikko/Nikko-Asset-Management/Yarra-capital-management/

APAC fund manager Nikko Asset Management has announced its plan to rebrand from September 2025 to a new name that reflects its global growth strategy.

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ClearBridge announces ESG slant equity fund

clearbridge/clearbridge-investments/fund-launch/

The global equity manager has launched a new fund in the Australian market, providing exposure to companies that it believes are “committed to change”.

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The value of consistent meetings in advice teams

Virtual-Business-Partners/financial-advisers/practice-management/

Integrating regular meetings within a financial advice team – from daily huddles to quarterly reviews – is essential for fostering sustainable long-term growth, according to Vital Business Partners.

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Perpetual appoints former FPA director to board

Perpetual/FPA/boards/

Having announced in its FY24 results that two directors will be retiring from the board, Perpetual has made its first new appointment.

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FAAA concerned about lack of clear pathway presented to paraplanners

financial-advice/paraplanning/

The Financial Advice Association Australia is concerned those working as paraplanners will be unaware of their ability to transition to an adviser, under the proposed new ABS occupation classifications.

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Financial gender equality slips in June quarter

financy-women's-index/Financy/gender-equality/

The Financy Women’s Index experienced a decline in the past quarter, despite positive gains made in the March quarter, due to setbacks in employment outcomes for women.

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Verdict in for AMP BOLR class action settlement

amp/buyer-of-last-resort/amp-financial-planning/federal-court/

The decision whether to proceed with a $100 million settlement for members of the buyer of last resort class action against AMP has been decided in the Federal Court.

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Charting the Semiconductor Industry's Next Decade of Growth

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ASIC exam pass mark falls to 2022 lows

ASIC/exam/students/

ASIC has released the percentage of candidates who passed its August financial advice exam, with the volume dropping to the lowest since November 2022.

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