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.

AUTHOR

‘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.

AUTHOR

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.

AUTHOR

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

Iress projects ‘significant’ increase in 1H24 EBITDA

iress/OneVue/praemium/fintech/

Iress is expecting a 50 per cent EBITDA rise for the first half of the 2024 calendar year compared to the prior corresponding period, as it enters the final stages of its transformation program.

AUTHOR

Melbourne-based adviser restrained from travel amid ASIC investigation

ASIC/travel/Supreme-Court/

ASIC has secured travel restraint orders against a financial adviser while he is the subject of an investigation into alleged financial misconduct.

AUTHOR

Fund managers turn pessimistic on global growth

Bank-of-America/Funds-management/economic-growth/

Macroeconomic concerns and the upcoming US election have caused fund managers to turn pessimistic on global economic growth, according to Bank of America.

AUTHOR

MLC AM awards $285m mandate to Janus Henderson

Janus-Henderson/MLC-Asset-Management/mlc/emerging-markets/

Janus Henderson has been awarded a $285 million mandate from MLC Asset Management to manage emerging market equities.

AUTHOR

Nuveen appoints equities and fixed income head

Nuveen/Funds-management/equities/fixed-income/

Asset manager Nuveen has promoted Saira Malik, who has worked at the firm for more than 20 years, as head of equities and fixed income.

AUTHOR

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