The Financial Advice Association Australia has detailed strategies that can improve advice efficiencies without the need for legislation.
In an update to the case of managed fund Shield Master Fund, the Federal Court has appointed an independent party to have full control of its bank accounts and prevent the responsible entity from dealing in its assets.
Compliance professionals working in financial services are facing burnout risk as higher workloads, coupled with the ever-changing regulation, place notable strain on staff.
With the indicative ASIC levy expected soon, the FAAA has queried whether the cost of action against Dixon Advisory will impact the 2023–24 figures.
Ahead of the upcoming ASIC inquiry report, Senator Andrew Bragg has criticised the regulator and Labor government for the impact of rising levies on financial advice practices.
Two former Magellan fund managers have launched their own boutique firm with support from Bennelong Funds Management, focusing on small and mid-cap global equities.
ASIC has obtained interim orders from the Federal Court to freeze the assets of a Melbourne advice licensee in order to protect investor funds amid an ongoing investigation.
PIMCO has discussed how advisers can have conversations with clients who are eager to “time” their re-entry back into bond markets with possible rate cuts.
Latest analysis from Morningstar has raised concerns with four Australian asset managers, flagging their organisational issues and a less-favourable impact from interest rate cuts.
