Former director of QLD advice firm receives seven year ban

ASIC/financial-adviser/

| By Rhea Nath |

The corporate regulator has banned the former sole director and chief financial officer of Brisbane-based Acquire Strategic Advisers over misleading and deceptive conduct.

AUTHOR

Rhea Nath

Rhea L Nath is a journalist at Money Management. She has previously worked as a business reporter with Dynamic Business and journalist in the multicultural media with Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.

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Former director imprisoned for dishonest conduct

ASIC/SMSF/superannuation-funds/

| By Jasmine Siljic |

Superannuation

ASIC has sentenced former director Mudasir Mohammed Naseeruddin over four years imprisonment for ‘egregious conduct’ and dishonestly obtaining client funds from six investors’ SMSF accounts.

AUTHOR

Jasmine Siljic

Jasmine Siljic is a journalist at Money Management. Prior to joining MM, she also worked across other Momentum Media brands as an intern and cadet journalist. She recently completed a Bachelor of Media and Communications at Macquarie University.

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What do PY candidates think of ASIC’s proposed exam changes?

exam/financial-advice/professional-year/

| By Jasmine Siljic |

Financial planning

Two Professional Year candidates have shared their thoughts with Money Management on ASIC’s proposed changes to the financial advice exam and what it will mean for their education path.

AUTHOR

Jasmine Siljic

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Which asset manager has returned 143% over five years?

Pinnacle/Pinnacle-Investment-Management/fund-managers/inflows/

| By Laura Dew |

Funds management

A leading Australian investment manager has returned 143 per cent over the last five years with potential for further upside from increased distribution as investor appetite returns.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Global fund managers in Christmas spirit with sentiment spike

Bank-of-America/fund-managers/sentiment/

| By Laura Dew |

Funds management

The final Bank of America Global Fund Manager Survey of the year has found respondents are bullish going into 2024, with sentiment the most upbeat it has been for two years.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Aussies call for redefining retirement for a longer lifespan

MetLife/retirement/financial-advice/

| By Laura Dew |

Financial planning

Over half of Australians hope to live to 100 years, according to MetLife, and 90 per cent believe retirement should be redefined to account for a longer lifespan.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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The biggest risks to investment portfolios in 2024

Natixis-Investment-Managers/China/

| By Jasmine Siljic |

Funds management

According to Natixis Investment Managers, five key threats will continue weighing on Australian investors’ minds and their portfolios in the new year as inflationary pressures tops the list.

AUTHOR

Jasmine Siljic

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Eight ‘outrageous predictions’ from Saxo for 2024

Saxo/Saxo-Capital-Market/

| By Laura Dew |

Funds management

Saxo has shared its 2024 Outrageous Predictions focusing on the US presidential election and the potential impact of artificial intelligence.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Happy New Year from Money Management

ASIC/Superannuation/

| By Laura Dew |

People & Products

Money Management would like to wish all our readers a Happy New Year and looks forward to bringing you all the latest news in 2024.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Qld adviser’s promise of 8% returns leads to permanent ban

financial-advice/financial-advisers/ASIC/queensland/

| By Laura Dew |

Financial planning

A Gold Coast financial adviser who guaranteed his clients annual 8 per cent returns has been permanently banned from providing any financial services.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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