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.

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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.

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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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