The Financial Services and Credit Panel has cancelled the registration of an NSW adviser for two years as it felt he displayed a “level of incompetence” in providing advice to his clients.
ASIC has cancelled its first AFSL of 2025, taking action against an advice licensee based in Sydney, NSW.
Industry bodies have welcomed a government announcement that it will reform the education standards for financial advisers by opening up the number of approved degrees that students can undertake.
Recruitment agency Keegan Adams has released its funds management distribution salary guide for 2025, with the role becoming more critical than ever as fund managers target retail and intermediary clients.
MA Financial Group has closed its IPO early for the MA Credit Income Trust, having raised a sum 10 per cent higher than its original target.
Commentators say the lack of transparency in private markets is making it difficult for fund managers and advisers to assess them from an ESG perspective.
Lonsec has appointed a new chief executive for its research and ratings division as Mike Wright takes up a new role in light of the acquisition of Evidentia Group by Lonsec's parent company GDG.
GQG Partners saw its funds under management grow by nearly 5 per cent in January to more than US$160 billion, shrugging off outflows experienced after its links with Adani Group in December.
Generation Development Group has confirmed it is to acquire 100 per cent of Evidentia Group to create a managed account provider with over $25 billion in funds under management.
