HUB24’s Alcock on winning the platform race

HUB24/platforms/Andrew-Alcock/

The platform race is “ours to lose”, says HUB24’s chief executive Andrew Alcock, as it reports a 62 per cent rise in annual platform net inflows in FY24.

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Former BBY manager sentenced for aiding and abetting dishonest conduct

BBY/ASIC/court/

A former strategy manager at suspended financial services business BBY has been sentenced for aiding and abetting dishonest conduct.

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Is it time to talk about quotas in financial services?

women-in-financial-services/women-in-finance/gender-equality/gender-diversity/

An executive at the Institute of Public Accountants has suggested that a discussion around the need for gender quotas in financial services may now be warranted.

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JPMAM welcomes new global head of ETFs

JPMAM/ETFs/appointments/

JP Morgan Asset Management looked internally to appoint its global head of ETFs, who has spent nearly 20 years at the firm.

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Dimensional Australia bolsters ETF strategies

ETFs/Dimensional/fund-launch/

Following its launch of three active ETFs last November, Dimensional Fund Advisors has expanded its range of ETFs in the Australian market with an additional three products.

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FSCP warns adviser over ROA usage

Record-of-Advice/statement-of-advice/ASIC/FSCP/

The difference between a Record of Advice and Statement of Advice is the crux of the FSCP’s latest determination against a relevant provider.

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M&A activity sees higher number of ceasing AFSLs

Wealth-Data/AFSLs/licensees/adviser-numbers/

The number of ceased advice licensees this financial year is nearly four times higher than the previous period, likely driven by M&A activity among new AFSLs, writes Wealth Data.

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The Libertas mistakes that caused AFSL cancellation

Libertas-Financial-Planning/Sequoia/complaints/AFCA/

Libertas Financial Planning saw its AFSL cancelled this month after the CSLR paid out compensation to a victim; details have been shared on the firm’s mistakes that led to the victim’s complaint.

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Iress’ transformation strategy bears fruit in 1H24

iress/technology/half-year-results/OneVue/

Disciplined cost management on its transformation strategy has helped Iress to report an adjusted EBITDA of $67 million in the first half of 2024.

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ASIC doubles down on investment scam disruption

ASIC/Stephen-Jones/scams/

The corporate regulator has taken down over 7,300 phishing and investment scam websites in the past year, with this area remaining a core strategic priority for ASIC.

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