Pacific Current appoints acting CEO

GQG-Partners/Pacific-Current-Group/acting-CEO/ceo/

Following the exit of Paul Greenwood to join GQG Partners, Pacific Current Group has appointed an acting chief executive.

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HMC Capital completes private credit acquisition

private-credit/M&A/acquisition/fund-managers/

HMC Capital has completed its acquisition of private credit fund manager Payton Capital as it seeks to take advantage of the burgeoning opportunity in the asset class.

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ETFs continue as ‘flavour of choice’ for advisers

ETFs/Adviser-Ratings/asset-allocation/artificial-intelligence/bitcoin/

Demand for ETFs is only set to climb higher with over one-third of financial advisers planning to lift their ETF allocation in the next 12 months.

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ASIC makes first AFSL action of FY24–25

AFSL/ASIC/Sydney/

ASIC has suspended the AFSL of a Sydney advice firm, the first action it has taken in the new financial year.

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Iress completes investigation into cyber breach

iress/cybersecurity/cyber/

Technology company Iress has revealed the findings of its internal investigation following a cyber incident earlier this year which affected its OneVue business.

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Count divests Bentleys WA business

Count-Financial/Countplus/divestment/financial-advice/

Count has divested its Bentleys WA business for a lower purchase price than initially forecast.

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New practice launches under AMP Advice

amp/AMP-advice/Charter/amp-financial-planning/

An experienced financial adviser, who has been with AMP for nearly two decades, has launched his own Western Australia-based advice firm under AMP Advice’s licensee network.

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Onus falls on boutique AFSLs to recruit new entrants

Anne-Palmer/new-entrants/graduate-program/AFSLs/

The Financial Advice Association Australia’s Anne Palmer believes new entrants can no longer rely on large advice licensees for recruitment, leaving the obligation to smaller practices.

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Sequoia's Crole looks forward after Takeovers Panel verdict

Sequoia/Garry-Crole/takeovers-panel/

Sequoia chief executive Garry Crole is looking ahead beyond business disruption as the licensee receives a verdict from the Takeovers Panel regarding whether there was unethical shareholder practice afoot.

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AI Boom Is Creating Opportunities for Renewables and Power Infrastructure

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