‘Houston, we have a Spaceship problem’

spaceship spaceship capital ASIC AAT

Four interim stop orders issued against Spaceship are the latest in a series of issues between the investment firm and the regulator over the last five years.

AUTHOR

FSCP publishes first adviser misconduct verdict

AFCA ASIC FSCP misconduct

Single disciplinary body the Financial Services and Credit Panel has published its first outcome, relating to an adviser who impersonated a client on the phone.

AUTHOR

Industry veteran takes up chair role at Stake

stake geoff lloyd mlc Perpetual

The former chief executive of an ASX-listed asset manager and industry veteran has joined the board of online investing platform Stake as chairman.

AUTHOR

Are life insurance advisers at risk of extinction?

APRA life insurance Adviser Ratings risk advisers

Less than 1 per cent of total advisers are ‘pure risk’ advisers as commission changes and premium increases drive them out of the profession or into new advice careers, says Adviser Ratings.

AUTHOR

Prime Financial eyes acquisitions as it seeks revenue growth

prime financial group simon madder M&A

Prime Financial is seeking to double its revenue growth by 2025 thanks to a five-year business re-organisation which is now reaping rewards as it sets its sight on multiple acquisitions.

AUTHOR

ASIC issues four interim stop orders against Spaceship Capital

ASIC spaceship spaceship voyager

ASIC has made its first interim stop order on a superannuation product as well as on three managed funds, all run by Spaceship Capital.

AUTHOR

Advisers ceasing at twice the rate of new entrants

adviser numbers Colin Williams Wealth Data

The number of advisers who have ceased during 2023 is at 365, more than double the new entrants over the same period, and could approach 900 by the end of the year if the current rate continues.

AUTHOR

Judge warns financial firms on technology interoperability

amp amp financial planning federal court

Justice Lisa Hespe has fired a shot across the bows at financial institutions regarding the interoperability of their IT infrastructure in her verdict in the ASIC v AMP Financial Planning case.

AUTHOR

Train up ChatGPT like a staff member: Morgan Stanley

artificial intelligence chatgpt Morgan Stanley siaa

Firms introducing artificial intelligence to their businesses should treat it like a new member of staff to train up on the firm’s ethics and values, according to Morgan Stanley.

AUTHOR

ASIC extends financial adviser registration date

ASIC adviser registration

ASIC has extended the deadline for registration of financial advisers and shared when it expects the portal to open.

AUTHOR

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

3 weeks 5 days ago

This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...

1 month ago

Interesting. Would be good to know the details of the StrategyOne deal....

1 month ago

Insignia Financial has confirmed it is considering a preliminary non-binding proposal received from a US private equity giant to acquire the firm. ...

1 week 4 days ago

Six of the seven listed financial advice licensees have reported positive share price growth in 2024, with AMP and Insignia successfully reversing earlier losses. ...

6 days 19 hours ago

Specialist wealth platform provider Mason Stevens has become the latest target of an acquisition as it enters a binding agreement with a leading Sydney-based private equi...

5 days 23 hours ago