Further adviser losses seen at two major licensees

Wealth-Data/Count-Financial/AMP-Group/adviser-numbers/amp/

Two of Australia’s largest financial advice licensees, Count Financial and AMP Group, have each lost five advisers this week, while Sequoia has “bounced back” after recent losses.

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Advisers propel bulk of ETF net flows in 2024

ETFs/fund-flows/BetaShares/vanguard/Dimensional/

Advised money is the largest source of net ETF flows this year to date, according to Betashares’ estimates, underlining significant adviser demand for these solutions.

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Fortnum CEO sharpens focus on organic adviser pipeline

fortnum-private-wealth/Fortnum/Neil-Younger/licensees/financial-advisers/

Fortnum Private Wealth CEO, Neil Younger, says scale is becoming a necessity rather than a benefit for financial advice licensees as it focuses on organic growth via licensee switching.

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Asset managers expand wealth distribution teams

financial-advice/wealth-management/GAM/Schroders/hires/clearbridge/Australian-Ethical/

Schroders Australia, ClearBridge and GAM have all made new hires in their distribution teams, focusing on wealth and financial advisers.

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Relative Return: Solving the super technology problem

Podcast/Relative-Return/

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‘Licensee for hire’ Lanterne receives Federal Court penalty

Lanterne-Fund-Services/ASIC/federal-court/Alan-Kirkland/

The Federal Court has issued a seven-figure penalty against Lanterne Fund Services, a wholesale licensee which operated as a “licensee for hire”.

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The challenges faced by ESG after a ‘euphoric’ period

RIAA/dugald-higgins/Zenith-Investments-Partners/ESG/sustainability/

Ahead of the Responsible Investment Association Australasia annual conference in May, Zenith Investment Partners’ Dugald Higgins shares his thoughts on the evolving sector and the challenges it faces after a period of strong performance.

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The state seeing 37% financial adviser pay rises

salary/recruitment/financial-advice/Robert-Walters/remuneration/

The top salaries for financial advisers have risen by more than a third in the past year in one state, according to recruitment firm Robert Walters.

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JPMAM to eliminate usage of proxy advisers

JPMAM/JP-Morgan/Proxy-voting/

JP Morgan Chase chief executive, Jamie Dimon, has stated it aims to eliminate the usage of proxy advisers by the end of 2024 in its asset management arm as he believes it is becoming difficult for portfolio managers to overrule their voting decisions.

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Rethinking risk management for advice licensees

insignia-financial/licensees/AFSL/risk-management/

Insignia Financial’s chief risk officer sheds light why the “multidimensional” risks of operating a financial advice licensee requires a holistic and curious approach.

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