A licensee saw a drop of more than 20 advisers this week, according to Wealth Data, while there were six new entrants.
The proposed merger between Count and Diverger has received court approval to proceed on 1 March, with Count chief executive Hugh Humphrey welcoming reaching the “huge milestone”.
DASH has reported investment platform FUA growth of 46.9 per cent for 2023, largely driven by advisers adopting the software.
Despite an “eye-watering” $4.7 billion paid in remediation, ASIC believes fees for no service is still an active issue and has made multiple investigations of alleged incidents.
In its latest annual platform report, Investment Trends reveals which investment platform has taken the top spot for functionality, as HUB24 and Netwealth vie for first place.
Magellan has looked to a rival fund manager to appoint a new head as replacement for David George, who left the firm last October, while reporting a 24 per cent rise in statutory NPAT.
Robo-adviser offerings and platforms are a source of significant focus for wealth management firms in 2024, according to KPMG, as well as how technology can improve the value and delivery of advice.
AMP chief executive Alexis George says 2023 saw advisers looking to join the business again after a difficult few years, as it takes the top spot as Australia’s largest licensee.
In a reversal of muted flows last year, January saw the highest inflows go to international equity ETFs, while the broader ETF market surpassed $180 billion in FUM.
Improving Australians’ financial literacy through advice is the best way to achieve greater demand for longevity risk products, according to the FAAA, rather than government intervention.
