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.

AUTHOR

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.

AUTHOR

ASIC to appeal Finder crypto decision

ASIC/federal-court/crypto-asset/cryptocurrency/finder/

ASIC has appealed the Federal Court’s decision to dismiss proceedings against Finder regarding a crypto-asset product.

AUTHOR

Mercury Capital acquires 40% stake in Findex from KKR

KKR/private-equity/financial-advice/

Findex has announced private equity firm Mercury Capital will acquire a 40 per cent stake in the company from KKR as it seeks to triple in size in the next five years.

AUTHOR

How can advice firms avoid an AFSL failure?

AFSL/compliance/CSLR/Wealth-Data/

With 4.2 financial advice firms expected to fail per year, what type of problems can occur that could cause a licensee or micro-AFSL to go under?

AUTHOR

Mayfair 101’s Mawhinney charged with dishonest conduct

mayfair-101/james-mawhinney/ASIC/

The head of Mayfair 101, James Mawhinney, has been charged with four counts of engaging in dishonest conduct.

AUTHOR

Five themes in future ETF development

ETFs/crypto/active-ETFs/vanguard/State-Street/blackrock/Dimensional/

Five industry commentators have shared their insights on the future of ETFs, including a possible US$1 trillion ETF and more active ETF vehicles.

AUTHOR

Adviser Ratings and Zenith appoint senior hires

Adviser-Ratings/rainmaker-information/research-houses/hires/Zenith-Investment-partners/Zenith/

Adviser Ratings has appointed a new product director to its ranks, while Zenith Investment Partners welcomes back a former partner and senior investment consultant to the firm.

AUTHOR

Counterclaim filed in Sequoia legal action

Sequoia/licensees/court/legal-action/M&A/

Sequoia Financial Group has received a defence and counterclaim from Tim McGowen regarding the acquisition of Informed Investor.

AUTHOR

Platinum forecasts $1.2bn in redemptions

Platinum/Platinum-Asset-Management/outflows/FUM/

Platinum Asset Management has reported its latest funds under management figures, with the firm forecasting a further $1.2 billion in redemptions ahead from its institutional and wholesale business.

AUTHOR

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