Abrdn CEO exits troubled manager

abrdn/SG-Hiscock/ceo/

Abrdn chief executive Stephen Bird is to depart the troubled fund manager, which has slashed hundreds of jobs, after four years as the firm “moves to fresh leadership”.

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Building a high-performing advice team

financial-advisers/elixir-consulting/Virtual-Business-Partners/practice-management/culture/

This senior consultant has emphasised why “playing the long game” of cultivating a desirable work culture is vital for high-performing financial advice firms and their teams.

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Super fund or adviser: Where do retirees turn for help?

TAL/superannuation-funds/retirement/financial-advice/

With superannuation funds and financial advisers being the top two sources of information for retirees, a TAL white paper has revealed which they turn to first.

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Senior industry execs join HeirWealth platform

intergenerational-wealth/platforms/technology/Jason-Nyilas/geoff-lloyd/

Newly launched wealth technology platform HeirWealth has appointed multiple senior industry figures to its advisory board, including former MLC CEO Geoff Lloyd as chair.

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T. Rowe Price hire to spearhead intermediary growth

netwealth/T-Rowe-Price/financial-advisers/

The global asset manager has appointed a Sydney-based relationship manager from Netwealth to strengthen its partnership with the financial adviser community.

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Clime to divest Madison in $2m sale

Clime/Annick-Donat/InFocus/AFSL/licensees/

Clime has entered into a heads of agreement to divest Madison Financial Group to a rival licensee for $2 million.

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Clients forecast shunning advisers in favour of tech by 2030

technology/lseg/EY/client-relationships/

Almost half of advised investors expect technology to become so advanced that they will no longer use a financial adviser by 2030, according to a global report by LSEG.

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Advice industry sees 1 ban each month in FY24

ASIC/banning/financial-advice/insurance-advice/

There has been 11 financial advice-related bannings by ASIC since the start of the FY2023–24 financial year, equating to one every month.

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Investor or investment management: Which do clients value most?

morningstar/client-relationships/financial-advisers/

The role of a financial adviser is becoming more about investor management than investment management, according to Morningstar, with a greater emphasis placed by clients on soft skills.

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Alternative manager to establish $5bn private credit platform

private-credit/macquarie/acquisition/

Alternative asset manager HMC Capital has announced it will acquire private real estate debt manager Payton Capital in a bid to establish a $5 billion private credit platform.

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MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months 1 week ago

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7 months 1 week ago

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