Bonds see largest allocation drop in 20 years

bonds/fixed-income/global-fixed-income/Bank-of-America/

Global fund managers are shunning bonds, with the asset class seeing the largest drop in allocations in more than 20 years.

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Matching the right platform with your client base

platforms/Recep-Peker/HUB24/netwealth/praemium/OneVue/iress/

With platforms reporting their quarterly results, there is a clear divide in the adviser markets they are targeting, according to platform specialist Recep Peker, and which would be right for your clients.

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Advice firm cops weekly double-digit loss

Wealth-Data/adviser-numbers/Centrepoint/centrepoint-alliance/

A financial advice firm has seen a weekly decline of 10 advisers, with all moving to a new licensee, while Centrepoint Alliance continues its “growth story”.

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Sequoia chair steps down

Sequoia-financial-group/Sequoia/AFSL/licensees/

Sequoia Financial Group has seen a top-level reshuffle as the chair of the board, John Larsen, steps down after five years in the position.

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Dixon’s $16m class action settlement approved by Federal Court

Dixon-Advisory/dass/CSLR/AFCA/federal-court/

The Federal Court has approved the $16 million class action settlement regarding Dixon Advisory and Superannuation Services.

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The post-SOA future: How are advisers adapting?

statements-of-advice/SOAs/advice-documentation/Virtual-Business-Partners/

As statements of advice move into the rear-view mirror, Vital Business Partners explores how financial advisers are adopting innovative documentation strategies.

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Relative Return: Building the foundations of a new asset manager

Podcast/Relative-Return/

In this episode of Relative Return, host Laura Dew speaks with Blackwattle Investment Partners managing director and chief investment officer, Michael Skinner, about setting up an asset manager and what he looks for in an investment team.

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Australian Ethical FUM passes $10bn

Australian-Ethical/FUM/ethical-investment/

Australian Ethical has seen its funds under management reach $10 billion, driven by organic customer growth and superannuation contributions.

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Key adviser exits continue to dent Praemium’s performance

praemium/platforms/Powerwrap/

Praemium’s Powerwrap platform experienced net outflows of $53 million as advisers continued to transition, bringing total gross outflows from these transitioning advisers to over $700 million.

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AMP North sees $544m quarterly adviser inflows

amp/amp-financial-planning/amp-north/Alexis-George/

The wealth management company reported $544 million of inflows from financial advisers in the first quarter of 2024.

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