Australian ETP market to reach $200bn by 2025

Despite market volatility, some 42 products were launched in the last 12 months, and the ETP industry could reach a record $200 billion in the next three years, according to Global X.

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Successful practices will be increasing capacity in 2023: VBP

With Australians warming up to the idea of advice since the QOA Review, firms are already seeing ‘overwhelming’ client volumes and need to be prepared to meet that demand.

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AAT refuses adviser’s stay application on ASIC ban

Financial adviser Jeneve Matai’s ban for providing a ‘layered advice’ strategy would remain after his appeal to the Administrative Appeals Tribunal was refused.

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ALT Financial Group fined $123,000 for annual report failures

The holding company of an alternative asset manager has been fined $123,000 for failing to lodge annual financial report, the largest fine handed down from these breaches.

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Vanguard receives warning from NZ regulator for disclosure failure

The global asset manager has received a formal warning from the New Zealand financial regulator after failing to disclose earlier ASIC infringement notices as required under a Trans-Tasman agreement.

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CPI inflation falls for second consecutive month

The latest monthly CPI reading has shown annualised inflation fell for the second consecutive month in February.

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Australia urged to improve fund transparency

Australia has been described as one of the worst countries in the world for transparency of portfolio holdings as clients and the regulator seek more information on sustainability credentials.

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Trusted client relationships target for hackers in advice firms

According to this cyber security professional, the trusted relationships between advisers and their clients are the target for infiltration by hackers and firms need to ensure client information is safeguarded.

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‘Don’t overlook the steps’ in becoming an adviser

With more Professional Year candidates passing their financial adviser exam this week, an associate adviser has shared why graduates shouldn’t rush to become advisers and ignore the experience gained in junior roles.

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Advice firm buyers facing financing difficulties

The rise in interest rates is having a knock-on effect on financial advice M&A activity as buyers are finding themselves approved for financing that is up to 30% lower than last year.

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