JPMAM to eliminate usage of proxy advisers

JPMAM JP Morgan Proxy voting

JP Morgan Chase chief executive, Jamie Dimon, has stated it aims to eliminate the usage of proxy advisers by the end of 2024 in its asset management arm as he believes it is becoming difficult for portfolio managers to overrule their voting decisions.

AUTHOR

Rethinking risk management for advice licensees

insignia financial licensees AFSL risk management

Insignia Financial’s chief risk officer sheds light why the “multidimensional” risks of operating a financial advice licensee requires a holistic and curious approach.

AUTHOR

ASIC to appeal Finder crypto decision

ASIC federal court crypto-asset cryptocurrency finder

ASIC has appealed the Federal Court’s decision to dismiss proceedings against Finder regarding a crypto-asset product.

AUTHOR

Mercury Capital acquires 40% stake in Findex from KKR

KKR private equity financial advice

Findex has announced private equity firm Mercury Capital will acquire a 40 per cent stake in the company from KKR as it seeks to triple in size in the next five years.

AUTHOR

How can advice firms avoid an AFSL failure?

AFSL compliance CSLR Wealth Data

With 4.2 financial advice firms expected to fail per year, what type of problems can occur that could cause a licensee or micro-AFSL to go under?

AUTHOR

Mayfair 101’s Mawhinney charged with dishonest conduct

mayfair 101 james mawhinney ASIC

The head of Mayfair 101, James Mawhinney, has been charged with four counts of engaging in dishonest conduct.

AUTHOR

Five themes in future ETF development

ETFs crypto active ETFs vanguard State Street blackrock Dimensional

Five industry commentators have shared their insights on the future of ETFs, including a possible US$1 trillion ETF and more active ETF vehicles.

AUTHOR

Adviser Ratings and Zenith appoint senior hires

Adviser Ratings rainmaker information research houses hires Zenith Investment partners Zenith

Adviser Ratings has appointed a new product director to its ranks, while Zenith Investment Partners welcomes back a former partner and senior investment consultant to the firm.

AUTHOR

Counterclaim filed in Sequoia legal action

Sequoia licensees court legal action M&A

Sequoia Financial Group has received a defence and counterclaim from Tim McGowen regarding the acquisition of Informed Investor.

AUTHOR

Platinum forecasts $1.2bn in redemptions

Platinum Platinum Asset Management outflows FUM

Platinum Asset Management has reported its latest funds under management figures, with the firm forecasting a further $1.2 billion in redemptions ahead from its institutional and wholesale business.

AUTHOR

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

1 month 1 week ago

This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...

1 month 2 weeks ago

Interesting. Would be good to know the details of the StrategyOne deal....

1 month 3 weeks ago

SuperRatings has shared the median estimated return for balanced superannuation funds for the calendar year 2024, finding the year achieved “strong and consistent positiv...

4 days 17 hours ago

Insignia Financial has confirmed it is considering a preliminary non-binding proposal received from a US private equity giant to acquire the firm. ...

4 weeks ago

Six of the seven listed financial advice licensees have reported positive share price growth in 2024, with AMP and Insignia successfully reversing earlier losses. ...

3 weeks 3 days ago