Monthly net flows into ETFs have surpassed $3 billion for the first time in July, as investors utilise the new financial year as an opportunity to enhance their portfolios.
Licensee WT Financial Group has shared its indicative results for the 2023–24 financial year, including the impact of the Millennium3 acquisition from Insignia Financial.
Former federal MP Julia Banks insists that all women can use their personal power to advocate for a more inclusive workplace and support other women.
Fund manager PM Capital has expanded its intermediary distribution team in regional Australia with an appointment from State Street Global Advisors.
As the number of new entrants to the industry passes 100 for FY25, ASIC reports that firms are finding it a positive experience and has highlighted three areas to improve the process.
Once the AMP advice sale to Entireti is completed, the size of the combined licensees will be almost double that of the second-largest licensee Count, and the deal is being positively received by commentators and shareholders.
With the exit of over 1,000 advisers from AMP, questions have been asked as to how this will affect assets on the North platform.
Iress has appointed Insignia Financial’s former general manager of master trust and insurance products as its newest CEO of superannuation, who will take over from Paul Giles.
While ETFs are growing in popularity with advisers, there is a growing divide in demand between those which are index and active, and advisers are “unconvinced” by the active offerings.
Federated Hermes has expanded its Australian and APAC distribution team with a newly created role.
