Is it time to talk about quotas in financial services?

women-in-financial-services/women-in-finance/gender-equality/gender-diversity/

| By Malavika |

An executive at the Institute of Public Accountants has suggested that a discussion around the need for gender quotas in financial services may now be warranted.

AUTHOR

Malavika Santhebennur

Malavika Santhebennur was a news and features financial services journalist at Money Management, part of Financial Express. She has previously written in various industrial publications at Cirrus Media, including mining, food, franchising, and health.

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JPMAM welcomes new global head of ETFs

JPMAM/ETFs/appointments/

| By Jasmine Siljic |

Funds management

JP Morgan Asset Management looked internally to appoint its global head of ETFs, who has spent nearly 20 years at the firm.

AUTHOR

Jasmine Siljic

Jasmine Siljic is a journalist at Money Management. Prior to joining MM, she also worked across other Momentum Media brands as an intern and cadet journalist. She recently completed a Bachelor of Media and Communications at Macquarie University.

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Dimensional Australia bolsters ETF strategies

ETFs/Dimensional/fund-launch/

| By Jasmine Siljic |

Funds management

Following its launch of three active ETFs last November, Dimensional Fund Advisors has expanded its range of ETFs in the Australian market with an additional three products.

AUTHOR

Jasmine Siljic

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FSCP warns adviser over ROA usage

Record-of-Advice/statement-of-advice/ASIC/FSCP/

| By Laura Dew |

Financial planning

The difference between a Record of Advice and Statement of Advice is the crux of the FSCP’s latest determination against a relevant provider.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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M&A activity sees higher number of ceasing AFSLs

Wealth-Data/AFSLs/licensees/adviser-numbers/

| By Jasmine Siljic |

Financial planning

The number of ceased advice licensees this financial year is nearly four times higher than the previous period, likely driven by M&A activity among new AFSLs, writes Wealth Data.

AUTHOR

Jasmine Siljic

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The Libertas mistakes that caused AFSL cancellation

Libertas-Financial-Planning/Sequoia/complaints/AFCA/

| By Laura Dew |

Financial planning

Libertas Financial Planning saw its AFSL cancelled this month after the CSLR paid out compensation to a victim; details have been shared on the firm’s mistakes that led to the victim’s complaint.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Iress’ transformation strategy bears fruit in 1H24

iress/technology/half-year-results/OneVue/

| By Laura Dew |

Funds management

Disciplined cost management on its transformation strategy has helped Iress to report an adjusted EBITDA of $67 million in the first half of 2024.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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ASIC doubles down on investment scam disruption

ASIC/Stephen-Jones/scams/

| By Jasmine Siljic |

Financial planning

The corporate regulator has taken down over 7,300 phishing and investment scam websites in the past year, with this area remaining a core strategic priority for ASIC.

AUTHOR

Jasmine Siljic

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Principal AM appoints Australia distribution head

Principal-Global-investors/distribution/hires/

| By Laura Dew |

Funds management

Principal Asset Management has appointed a new director of distribution in Australia to expand its reach in the domestic wholesale market.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Former national advice business sees AFSL cancelled

Libertas-Financial-Planning/ASIC/AFSL/

| By Laura Dew |

Financial planning

ASIC has cancelled the AFSL of a former national financial advice business after the CSLR was required to pay compensation for the firm’s actions.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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