Real estate fund manager Centuria Capital has appointed multiple senior roles, including a newly created chief investment officer position.
The super and investment fund has added a spot bitcoin ETF from BlackRock to the CFS Edge platform, allowing advisers access to crypto assets.
Two of Australia’s largest financial advice licensees, Count Financial and AMP Group, have each lost five advisers this week, while Sequoia has “bounced back” after recent losses.
Advised money is the largest source of net ETF flows this year to date, according to Betashares’ estimates, underlining significant adviser demand for these solutions.
Fortnum Private Wealth CEO, Neil Younger, says scale is becoming a necessity rather than a benefit for financial advice licensees as it focuses on organic growth via licensee switching.
Schroders Australia, ClearBridge and GAM have all made new hires in their distribution teams, focusing on wealth and financial advisers.
The Federal Court has issued a seven-figure penalty against Lanterne Fund Services, a wholesale licensee which operated as a “licensee for hire”.
Ahead of the Responsible Investment Association Australasia annual conference in May, Zenith Investment Partners’ Dugald Higgins shares his thoughts on the evolving sector and the challenges it faces after a period of strong performance.
The top salaries for financial advisers have risen by more than a third in the past year in one state, according to recruitment firm Robert Walters.
