GQG shares FUM update ahead of FY results

GQG-Partners/FUM/funds-management/

GQG Partners has reported a small rise in funds under management in July, ahead of its full-year results later this month.

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Sequoia sees third chairman in 4 months

Sequoia/AFSL/chair/licensees/

Advice licensee Sequoia Financial Group has announced a new chairman as the firm reshuffles following a shareholder dispute.

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‘We haven’t chosen to go fast’: Berry provides CSLR update

CSLR/AFCA/financial-advice/complaints/

The Compensation Scheme of Last Resort’s CEO David Berry has confirmed the number of complaints the organisation is actively working on, with $3.3 million being paid to victims so far.

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‘Do or die’ for ASIC says Governance Institute

Governance/ASIC/andrew-bragg/enforcement/

The Governance Institute has said ASIC’s governance arrangements are no longer “fit for purpose” in a time when financial markets are quickly innovating and cyber crime becomes a threat.

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‘Alert not alarm’: Lonsec warns on timing the market

market-volatility/lonsec/sell-off/international-equities/australian-equities/

Lonsec chief investment officer, Nathan Lim, has reminded advisers and clients that attempting to time the market to combat volatility this week could be costly to portfolios.

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Magellan Global Fund conversion sparks redemptions

Magellan/FUM/funds-management/Andrew-Formica/

Magellan Financial Group has reported its highest funds under management in almost a year, but specialist investors made redemptions following changes to its global fund.

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RBA hands down August rate decision

RBA/central-banks/interest-rates/

The central bank has announced its latest rate decision amid signs of improving inflation in Australia and rumbles of slowing global growth.

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Global X ETFs Australia CEO to depart

ETFs/Evan-metcalf/Global-X-ETFs/ceo/

Global X ETFs has announced the CEO of its Australian business, Evan Metcalf, will depart the firm after a decade.

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An evolving advice landscape by 2050

FSC/financial-advice/consumers/

Research has forecast how financial advice landscape demographics could look in 2050, including how many more Australian consumers will need complex advice.

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Choosing the right successor for your advice practice

succession-plans/financial-advice/business/practice-management/

Money Management explores the pros and cons of appointing a younger staff member as your successor, and why financial advisers shouldn’t underestimate their skills.

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