BT and Preqin respond to adviser demand for private markets

financial-advisers/Preqin/blackrock/BT/private-markets/private-credit/

Wealth management platform BT and alternative markets data provider Preqin have teamed up to provide financial advisers with greater education and transparency on private markets.

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Melbourne advice firm enters liquidation

financial-advice/AFCA/liquidation/

A Melbourne financial advice firm has been put into liquidation by the Federal Court, and an appeal against its AFSL cancellation has been dismissed.

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‘We’ve moved quickly’: Count CEO reflects on growth trajectory

Countplus/Hugh-Humphrey/Diverger/AFSL/licensees/

With two years as Count’s CEO under his belt, Hugh Humphrey takes a look back on how the firm has grown from its “subscale” position to Australia’s second-largest advice licensee.

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AMP BOLR settlement sees around 90 objections

amp/bolr/class-action/

Money Management understands there are around 90 objections to the AMP buyer of last resort class action, with a settlement hearing due to take place at the end of August.

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Has FSCP gone AWOL?

AFSL/financial-advisers/FSCP/

There have not been any determinations by ASIC’s Financial Services and Credit Panel for the last three months compared to nine bannings by the corporate regulator over the same period.

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Netwealth FUA rises 25% amid strong adviser pipeline

netwealth/platforms/amp/matt-heine/

Netwealth has seen a “strong start to the year” with FUA up 25 per cent and is hopeful of the AMP advice divestment bringing new clients to the platform.

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US investment managers announce senior hires

State-Street/hires/Goldman-Sachs/Russell-Investments/

Two US-based investment managers – State Street and Russell Investments – have bolstered their respective teams with senior appointments in global head positions.

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Pacific Current offloads stake in private credit manager

private-credit/Janus-Henderson/Pacific-Current-Group/GQG-Partners/

Pacific Current Group has entered into an agreement to sell a portion of its stake in global private credit manager, Victory Park Capital Advisors, to US asset manager Janus Henderson.

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The ‘magic number’ in advice practices

scale/financial-advice/financial-advisers/practice-management/

Two financial advisers have identified the “magic number” of advisers within a practice to achieve maximum efficiency and greater work/life balance.

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ETFs surpass $3bn in monthly flows for the first time

BetaShares/ETFs/funds-under-management/

Monthly net flows into ETFs have surpassed $3 billion for the first time in July, as investors utilise the new financial year as an opportunity to enhance their portfolios.

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