Which licensees saw the most complaints in FY24?

AFCA/

AFCA’s latest statistics have shed light on which of the major licensees recorded the most consumer complaints in the last financial year.

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AWAG takes equity stake in Victorian advice firm

financial-advice/M&A/regional/Victoria/

Four months after making its first equity partnership, the Australian Wealth Advisors Group has taken a second stake in a regional Victorian advice and accountancy firm.

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Schroders establishes new group executive committee

Schroders/executive/appointment/

The UK-based global asset manager has formed a new group executive committee to accelerate its growth strategy following the commencement of its new CEO this month.

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PAC eyes accretive opportunities for long-term growth

Pacific-Current-Group/GQG-Partners/funds-under-management/

Pacific Current Group has used its AGM to detail its long-term growth plans after a period of multiple divestments and the progress of plans for a share buyback.

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Winners unveiled for Women in Finance Awards 2024

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

Money Management and principal partner, Mortgage Choice, are proud to announce 30 winners for the annual Women in Finance Awards 2024.

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Financial adviser numbers swell by over a dozen

financial-advice/Wealth-Data/AFSL/Colin-Williams/

The financial advice profession has lifted back above the 15,500 mark this week thanks to a double-digit net rise in adviser numbers, according to Wealth Data.

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Ambitious HNW advisers sharpen focus on alternatives

Alternatives/HNW/high-net-worth/praemium/financial-advisers/

High-net-worth advisers seeking to grow their businesses are likely to find alternatives to be a key part of the puzzle amid investor demand, according to Praemium’s head of private wealth.

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Morningstar appoints manager research director from TCorp

morningstar/research/research-houses/fund-management/

Research house Morningstar has welcomed a new director for manager research to cover Australian and New Zealand fund managers.

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The counterintuitive effect of ASIC’s reportable situations complexity

Joe-Longo/ASIC/breach-reporting/licensees/AICD/

ASIC chair Joe Longo says the complexity of the reportable situations regime for AFSLs is impeding the ability of the regime to achieve its original aim of identifying non-compliant behaviour.

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Don’t let private credit hype override due diligence: Pitcher Partners

private-capital/private-credit/private-debt/Pitcher-Partners/

Pitcher Partners has urged caution about the use of private credit funds, despite a widespread push by fund managers on the benefits of the products.

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