The Compensation Scheme of Last Resort legislation has passed in Parliament today, having first been raised back in 2016.
The number of ceased advisers has risen by 73 advisers since the start of June and further losses are expecting in the run-up to the end of financial year.
ASIC has accepted a court enforceable undertaking from a former Capstone authorised representative for failing to keep up-to-date records.
BT chief executive, Matt Rady, has shared with Money Management what the firm plans to do with its platform business after it concluded its sale process this week.
A financial adviser has been found guilty by the District Court of Western Australia of stealing from clients.
Big four bank Westpac has concluded its competitive search for a buyer of the BT platform business.
Blackwattle has shared details about its future fund range, with three to be launched in July, as the firm’s portfolio managers each make $1 million in personal commitments to the business.
A growing number of Australians plan to seek advice in the next 12 months, but less than 10 per cent are prepared to pay the average advice fee, according to the latest ASX Australian Investor Study.
Schroders Australia has appointed a new chief executive at the firm and a new portfolio manager for its multi-asset funds.
With chief executive, Libby Roy, stepping down from the role effective immediately, the fintech company has announced a global external executive search for her successor.
