Perpetual reports $9bn in quarterly outflows

Perpetual/FUM/Rob-Adams/

Perpetual has seen another difficult quarter for its asset management division, reporting its largest quarterly outflows for FY24.

AUTHOR

FAAA’s Anderson questions Dixon Advisory secrecy

Dixon-Advisory/Dixon/dass/phil-anderson/inquiry/ASIC/

The FAAA’s Phil Anderson has written an open letter calling for a public inquiry to uncover why the case of Dixon Advisory has been so closely guarded given the high volume of losses and effect on the financial advice sector.

AUTHOR

Sequoia flags new CEO in FY27

Sequoia/ceo/licensees/

Sequoia Financial Group has confirmed chief executive Garry Crole will remain at the firm until June 2026 but will work on a succession plan for his replacement.

AUTHOR

Taking a proactive approach to compliance frameworks

compliance/risk-management/Assured-Support/Sean-Graham/ASIC/licensees/

Proactive compliance risk management has become both a “regulatory necessity” and a “cornerstone of ethical excellence” for financial advice licensees, this compliance professional argues.

AUTHOR

Individuals face $1m fine for alleged ‘pump and dump’ scheme

ASIC/pump-and-dump/criminal-charges/Joe-Longo/

Four individuals face a $1 million fine after being charged with alleged market manipulation regarding a “pump and dump” scheme.

AUTHOR

GDG receives shareholder approval for Lonsec acquisition

generation-development-group/Generation-Life/lonsec/acquisition/

Generation Development Group has shared the outcome of its EGM regarding its plans to fully acquire Lonsec through remaining shares.

AUTHOR

Netwealth announces major adviser efficiency updates

netwealth/platforms/financial-advisers/matt-heine/

The investment platform has released a suite of improvements for its users, designed to enhance adviser efficiency and optimise client engagement.

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‘No excuse’ for higher adviser exits: Wealth Data

Wealth-Data/Colin-Williams/adviser-exits/financial-advisers/new-entrants/

Wealth Data founder Colin Williams believes legislative changes mean there is ‘no excuse’ for further financial adviser declines as the number of new entrants struggle to make up the shortfall.

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What do advisers look for in a platform provider?

platforms/BT/BT-Panorama/

BT’s latest research has identified the top 10 most important attributes for financial advisers when selecting a platform provider.

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Ethical manager closes after 6 years

asset-management/active-management/ethical-investment/

Ethical fund manager, Ethical Partners, is understood to have closed up shop after six years in business.

AUTHOR

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