The Joint Associations Working Group has issued a statement urging the government to fix the Quality of Advice Review legislation to prevent an “unworkable” path forward.
Top-performing business development managers are seeing bonuses of up to 90 per cent of their salary as new investment products and advisers’ usage of managed accounts mean the sector is experiencing a skills shortage.
ASIC has concluded its investigation into alleged insider trading by financial technology company Nuix’s chief executive Jonathan Rubinsztein.
Count Financial’s acquisition strategy shows no signs of slowing down, as the company’s equity firm acquires a $1.4 million stake in a Gold Coast accounting business.
Global X ETFs Australia has seen assets under management reach $7 billion, thanks to demand for technology-focused ETFs as it seeks further expansion of the business.
The investment manager is “surprised” by the lack of investor concern over a potential hard landing for the Australian economy, with a weakening labour market being the “last straw”.
Two investment consulting firms JANA and Genium have expanded their research teams with senior appointments.
The Federal Court of Australia has pushed back a decision on the class action settlement for two weeks.
With a weekly loss of 14 advisers led by declines at Count Financial, the financial advice industry has fallen below the 15,600 line.
The current macroenvironment is proving to be ‘encouraging’ for global mergers in the funds management space, says Wilson Asset Management, underpinned by increased optimism from dealmakers.
