Following the recent departure of Paradice Investment Management’s head of retail distribution, the company has made two appointments from Betashares to lead its wholesale distribution function.

Bell Asset Management has welcomed a global investment professional into the newly created director of research and portfolio manager position, while the broader team sees a reshuffle.

‘Ineffective sales methods’ have been cited as the largest barrier to private market investment by APAC wealth managers, according to MSCI, greater than the products’ illiquidity or lack of transparency.

As another 32,000 HNW investors say they plan to enter the private market investment space in the next 12 months, platforms are having to “act swiftly” to strengthen their investment menu accordingly, says Investment Trends.

Clime Investment Management has reported a return to operating profit after a $1.6 million loss a year ago thanks to an aggressive turnaround program.

An increased number of products rated following the boom in private markets funds have seen revenue at Lonsec Research & Ratings rise to $21.4 million.

Fund manager BML Funds, which has $1 billion in assets under management, is to be wound up as its chief investment officer Ted Alexander moves to Platinum.

As assets in separately managed accounts reach $200 billion, industry stakeholders have formed a committee to standardise their fee reporting.

The Federal Court has made interim orders to freeze the assets of a managed investment scheme, its responsible entity, and a director.

With new entrant numbers up 90 for the calendar YTD, Wealth Data has revealed the top licensee owners that have onboarded new advisers.