Choosing the right responsible manager for your licensee

responsible-managers/ASIC/federal-court/Lanterne-Fund-Services/AFSL/licensees/

As a Federal Court judge notes the lack of experience held by the responsible manager of Lanterne Fund Services, Money Management explores what is required of the role.

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ESG comes to the fore for asset managers’ voting

ESG/fidelity/VanEck/GAM/Amundi/australian-equities/

The financial and sustainability impact of companies’ actions is likely to shape asset managers’ voting records as advisers seek funds for their clients who act to invest sustainably.

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Centuria appoints CIO amid strategic plan

Centuria/Centuria-Capital/real-estate/fund-management/CIO/

Real estate fund manager Centuria Capital has appointed multiple senior roles, including a newly created chief investment officer position.

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CFS offers advisers crypto ETF access

CFS/blackrock/platforms/cryptocurrency/crypto-assets/

The super and investment fund has added a spot bitcoin ETF from BlackRock to the CFS Edge platform, allowing advisers access to crypto assets.

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Further adviser losses seen at two major licensees

Wealth-Data/Count-Financial/AMP-Group/adviser-numbers/amp/

Two of Australia’s largest financial advice licensees, Count Financial and AMP Group, have each lost five advisers this week, while Sequoia has “bounced back” after recent losses.

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Advisers propel bulk of ETF net flows in 2024

ETFs/fund-flows/BetaShares/vanguard/Dimensional/

Advised money is the largest source of net ETF flows this year to date, according to Betashares’ estimates, underlining significant adviser demand for these solutions.

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Fortnum CEO sharpens focus on organic adviser pipeline

fortnum-private-wealth/Fortnum/Neil-Younger/licensees/financial-advisers/

Fortnum Private Wealth CEO, Neil Younger, says scale is becoming a necessity rather than a benefit for financial advice licensees as it focuses on organic growth via licensee switching.

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Asset managers expand wealth distribution teams

financial-advice/wealth-management/GAM/Schroders/hires/clearbridge/Australian-Ethical/

Schroders Australia, ClearBridge and GAM have all made new hires in their distribution teams, focusing on wealth and financial advisers.

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Relative Return: Solving the super technology problem

Podcast/Relative-Return/

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‘Licensee for hire’ Lanterne receives Federal Court penalty

Lanterne-Fund-Services/ASIC/federal-court/Alan-Kirkland/

The Federal Court has issued a seven-figure penalty against Lanterne Fund Services, a wholesale licensee which operated as a “licensee for hire”.

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