Magellan reports 72% performance fee rise

Magellan/fund-management/Andrew-Formica/Sophia-Rahmani/

Funds under management at Magellan were largely flat in June as the asset manager reports a 72 per cent rise in performance fees for FY23–24.

AUTHOR

Ausbil wholesale distribution head exits

Ausbil/distribution/hires/appointments/australian-equities/

Ausbil Investment Management has announced its head of wholesale distribution is to depart after 17 years with the fund manager.

AUTHOR

Regal Partners reflects on M&A impact on results

regal/Regal-Partners-Limited/financial-results/

The specialist alternatives investment manager has provided an FUM update for the June quarter as its M&A activity drives net inflows higher.

AUTHOR

First Delivering Better Financial Outcomes bill passed

quality-of-advice-review/Stephen-Jones/Parliament/

The first Delivering Better Financial Outcomes bill has now passed both the Senate and the House of Representatives.

AUTHOR

DBFO bill passes Senate

senate/Stephen-Jones/quality-of-advice-review/

The Delivering Better Financial Outcomes bill has been passed in the Senate following amendments.

AUTHOR

What does Bragg’s final ASIC inquiry report recommend?

andrew-bragg/senate/Senate-Economics-Committee/ASIC/regulation/

Senator Andrew Bragg has released the final report of the ASIC inquiry, making 11 recommendations as to how the corporate regulator can be improved.

AUTHOR

Relative Return: Advisers’ role in supporting the retirement transition

Podcast/Relative-Return/Sponsored-by/

In this latest episode of Relative Return, host Maja Garaca Djurdjevic speaks with Justine Marquet, head of technical services at Allianz Retire+, to discuss the financial and emotional challenges that consumers face as they approach retirement.

AUTHOR

What led an adviser to falsify his exam result?

adviser-exam/FASEA-adviser-exam/adviser-ban/ASIC/administrative-appeals-tribunal/

A financial adviser describes how he reached “breaking point” over the FASEA system when he falsified his financial adviser exam result, while the judge shares why he varied his permanent ban.

AUTHOR

Value for money: Justifying rising fees to clients

fees/financial-advice/cost-of-advice/Adviser-Ratings/Business-Health/

With the median annual advice fee up by 58 per cent from 2018, financial advisers are being encouraged to ensure clients confidently see value in the price they pay each year.

AUTHOR

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months 2 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months 3 weeks ago

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

4 months 3 weeks ago

ASIC has suspended the Australian Financial Services Licence of a Melbourne-based financial advice firm....

1 week 1 day ago

The corporate regulator has issued infringement notices to three AFSLs whose financial advisers provided personal advice to a retail client while unregistered....

1 week 6 days ago

ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test....

2 weeks 4 days ago