Fidelity appoints APAC ETF distribution head from BlackRock

fidelity/blackrock/ETFs/active-ETFs/

Fidelity International has appointed Thomas Taw to the newly created role of head of ETF distribution for APAC, joining from a decade at BlackRock.

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Relative Return Insider: US shutdown, tech bubbles, and crypto surges

Podcast/Relative-Return/crypto/cryptocurrency/

In this episode of Relative Return Insider, host Keith Ford and AMP chief economist Shane Oliver take a look at the unfolding impacts and potential economic ramifications of the US government shutdown and the surge in gold and bitcoin prices.

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‘Unstable’ Q4 ahead as education deadline approaches

Wealth-Data/quarterly-results/adviser-numbers/

With the adviser education pathway deadline less than three months away, Padua Wealth Data is predicting a “very unstable last quarter” after three months of solid net growth and new entrants.

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ASIC investigations see 50% rise in FY25

ASIC/enforcement/investigation/regulation/

The corporate regulator enacted a 50 per cent increase in the number of investigations and a 20 per cent increase in civil enforcement proceedings.

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Netwealth managed account net flows up 49% in Q3

netwealth/managed-accounts/financial-results/

Wealth management platform Netwealth has reported record quarterly net flows to managed accounts and is set to launch Netwealth Private for select advice groups this quarter.

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Fiducian puts cash to work with tuck-in acquisitions

Fiducian/Indy-Singh/M&A/

Advice licensee Fiducian is in the process of acquiring around $94 million of assets via tuck-in acquisitions, having indicated it was holding $34 million in cash on its balance sheet earlier this year.

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MSCI seeks to bring order to private market research

MSCI/private-markets/

Index provider MSCI has unveiled global classification standards, making it easier to research private asset funds, describing how it will offer “order, comparability and consistency” for wealth managers.

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Sydney research house sees AFSL cancelled

ASIC/AFSL/asset-consultants/research-house/

ASIC has canceled the AFSL of Sydney-based asset consultant and research firm.

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ASIC bans second adviser over failing to report fee for no service

fees-for-no-service/ASIC/enforcement/financial-advice/

ASIC has banned the former CEO of Lighthouse Partners from providing financial services for 10 years after failing to report fees-for-no-service conduct, the second individual banning from this firm.

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‘Bigger is back’ as Escala Partners scales up

M&A/private-wealth/financial-advice/USA/

Private wealth firm Escala Partners is seeking to become a leading player in the Australian advice landscape, helped by backing from US player Focus Financial.

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