HUB24 v Netwealth: Which platform has won first place?

platforms/investment-trends/HUB24/netwealth/praemium/CFS/amp-north/

| By Jasmine Siljic |

In its latest annual platform report, Investment Trends reveals which investment platform has taken the top spot for functionality, as HUB24 and Netwealth vie for first place.

AUTHOR

Jasmine Siljic

Jasmine Siljic is a journalist at Money Management. Prior to joining MM, she also worked across other Momentum Media brands as an intern and cadet journalist. She recently completed a Bachelor of Media and Communications at Macquarie University.

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Magellan appoints MD after George’s exit

maple-brown-abbott/Magellan/ceo/

| By Laura Dew |

Funds management

Magellan has looked to a rival fund manager to appoint a new head as replacement for David George, who left the firm last October, while reporting a 24 per cent rise in statutory NPAT.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Wealth managers look to robo to help smaller clients: KPMG

KPMG/fintech/ESG/artificial-intelligence/

| By Laura Dew |

Financial planning

Robo-adviser offerings and platforms are a source of significant focus for wealth management firms in 2024, according to KPMG, as well as how technology can improve the value and delivery of advice.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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AMP CEO reflects on regaining top licensee spot

amp/Alexis-George/insignia-financial/licensees/Matt-Lawler/Women-in-Business/

| By Laura Dew |

Financial planning

AMP chief executive Alexis George says 2023 saw advisers looking to join the business again after a difficult few years, as it takes the top spot as Australia’s largest licensee.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Sentiment reverses as appetite heats up for global ETFs

BetaShares/global-equities/ETFs/vanguard/

| By Jasmine Siljic |

Funds management

In a reversal of muted flows last year, January saw the highest inflows go to international equity ETFs, while the broader ETF market surpassed $180 billion in FUM.

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Jasmine Siljic

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FAAA opposes government intervention in lifetime income market

government/treasury/retirement/longevity/

| By Jasmine Siljic |

Financial planning

Improving Australians’ financial literacy through advice is the best way to achieve greater demand for longevity risk products, according to the FAAA, rather than government intervention.

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Jasmine Siljic

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Recession fears abate as optimism rises

Bank-of-America/interest-rates/recession/

| By Laura Dew |

Funds management

Global fund managers are no longer predicting a recession for the first time in almost two years, according to Bank of America, with bullish sentiment continuing to rise.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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AMP reports $47m advice loss; new chair appointed

amp/amp-north/chair/Alexis-George/

| By Laura Dew |

Financial planning

AMP has reported an underlying NPAT loss of $47 million in the full year 2023 for its advice division as it focuses on making advice a standalone business and announced a new chair for its board.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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The cyber risks for self-licensed advice firms

cybercrime/licensees/advice-technology/

| By Jasmine Siljic |

Financial planning

As concerns regarding cyber crime grow, a consultant has shared her doubts regarding whether self-licensed financial advice practices are prepared to mitigate the risks of adopting new advice technologies.

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Jasmine Siljic

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Former director pleads guilty to two counts of dishonest conduct

ASIC/financial-advice/

| By Rhea Nath |

Financial planning

The director was pulled up last year over providing unlicensed financial product advice.

AUTHOR

Rhea Nath

Rhea L Nath is a journalist at Money Management. She has previously worked as a business reporter with Dynamic Business and journalist in the multicultural media with Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.

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