Tyndall AM bids farewell to longstanding equities exec

tyndall/Yarra-capital-management/fund-management/exit/appointments/

Brad Potter, who has helmed Australian equities at Tyndall Asset Management for the last decade, has announced his retirement from the business.

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AMP adds consolidated reporting to North platform

amp/amp-north/North/platforms/technology/

AMP has launched household consolidated reporting across multiple clients to North Interactive in response to adviser feedback.

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ASIC suspends AFSL of Sydney fund manager

ASIC/AFSL/managed-investment-scheme/Sydney/

ASIC has suspended the AFSL of a Sydney fund manager, which operates a managed investment scheme, over repeated failures to comply with licensee obligations.

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How has AMP’s exit shaken up the biggest licensees?

amp/AFSL/Wealth-Data/licensees/Neil-Younger/financial-advice/

Wealth Data has shared an updated ranking of the five largest Australian financial advice licensees, with just 59 advisers separating the firms in the lower half of the table.

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UGC complaints quadruple in 4 months

AFCA/complaints/misconduct/financial-advice/

United Global Capital complaints to AFCA have quadrupled since August and are highly likely to rise further as it retains membership for another six months.

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The importance of assessing licensee performance

AFSL/licensee/financial-advice/centrepoint-alliance/

An advice executive has shared how advisers should regularly assess the performance of their licensee, regardless of whether they are looking to leave, in order to prevent any problems from arising.

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Praemium enters strategic partnership with alternative investments platform

praemium/Alternatives/platforms/M&A/

Praemium has entered into a strategic partnership with alternative investments platform Stropro to expand advisers' access to structured products.

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PAC completes latest boutique divestment

Pacific-Current-Group/private-markets/M&A/

Pacific Current Group has completed the divestment of its holding in Carlisle Management Company to alternative asset manager Abacus Life.

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Nuveen brings US private credit strategy to Australia

Nuveen/private-credit/private-markets/fund-launch/bonds/fixed-income/

Nuveen has announced the launch of a new private credit fund for Australian wholesale investors in response to “strong interest” from family offices and HNWIs for private markets solutions.

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Jones announces further details on DBFO

Stephen-Jones/quality-of-advice-review/legislation/financial-advice/

Financial Services Minister Stephen Jones has shared further details on the second tranche of the Delivering Better Financial Outcomes reforms including modernising best interests duty and reforming Statements of Advice.

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