Over $1.5bn lost to investment scams in 2022

ACCC finfluencer scams

| By Rhea Nath |

The latest Targeting Scams report has revealed Australians lost over $1.5 billion in investment scams in 2022, with the number targeted for investment scams via social media rising by a third.

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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Director jailed for $1.8m investment fraud

ASIC fraud

| By Laura Dew |

Financial planning

A Tasmanian director has been sentenced to jail for a $1.8 million fraud scheme, where many of the victims were pensioners who had been targeted by cold-callers.

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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Lonsec CIO steps down

lonsec research houses

| By Rhea Nath |

People & Products

Lukasz de Pourbaix, executive director of Lonsec Investment Solutions and chief investment officer, is set to depart the firm in mid-June.

AUTHOR

Rhea Nath

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Redefined team unveiled to drive financial services media powerhouse

| By Laura Dew |

People & Products

Australia’s foremost provider of financial services news, analysis and market intelligence, Momentum Media has today unveiled the team behind Australia's leading force in financial services industry media.

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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What could the future look like for finfluencers?

finfluencers ASIC social media

| By Laura Dew |

Policy & Regulation

With finfluencer Tyson Scholz receiving a permanent injunction, a global regulatory report, co-chaired by ASIC, has shed light on what the future could look like for finfluencers and the firms who work with them.

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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AIOFP welcomes ‘pragmatic’ view of Treasury to QAR

banks quality of advice review AIOFP

| By Laura Dew |

Financial planning

The Association of Independently Owned Financial Professionals has shared insights from its meetings with the Treasury regarding the Quality of Advice Review, where it strongly disagrees with Michelle Levy’s proposals.

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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Bank collapses fail to deter investors from banking shares

banking selfwealth investing

| By Rhea Nath |

Funds management

Analysis of trading behaviour of the SelfWealth cohort found banking trades increased significantly in March, despite the crash of Silicon Valley Bank and Credit Suisse, with the majority buying rather than selling.

AUTHOR

Rhea Nath

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APAC ETF AUM poised to reach $2.5tn by 2027: PwC

ETFs PwC Global X ETFs

| By Rhea Nath |

Funds management

A global survey of more than 70 ETF executives has recorded massive optimism for the market and the “untapped potential” it offers investors.

AUTHOR

Rhea Nath

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The human foundation of the adviser-client relationship

FPA Financial Planning Association of Australia financial advice client relationships

| By Jasmine Siljic |

Financial planning

Whilst having technical knowledge is crucial, this adviser suggests that being an emotional rock to clients should be the top priority.

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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Thousands of advisers still lacking approved degrees

degree Wealth Data experience pathway financial advice

| By Laura Dew |

Financial planning

There are still over 3,000 financial advisers on the Financial Advisers Register (FAR) who are without a degree and expect to rely on the experience pathway to continue their careers.

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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