Vanguard slammed by climate protesters in new campaign

vanguard/ESG/fossil-fuel/

A new US ad campaign is criticising Vanguard, which has previously received two greenwashing notices from ASIC, for its alleged role in “fuelling the climate crisis” through fossil fuel investments.

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What is the outlook for China in the Year of the Dragon?

China/Asia-Pacific/Morgan-Stanley/T-Rowe-Price/

The Year of the Dragon could see a temporary rebound in Chinese equities and opportunities for contrarian investors to pick up stocks at cheap valuations, according to commentators.

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Prime Financial seeks to launch alternative asset manager with acquisition

prime-financial-group/acquisition/Alternatives/private-equity/private-credit/simon-madder/

Advisory and asset management group Prime Financial has announced it will acquire a fund management platform and its two funds as it seeks to launch a diversified alternative asset management business.

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Former ASIC deputy chair joins Bennelong Funds Management

fund-managers/cooper-review/Jeremy-Cooper/Bennelong/

Jeremy Cooper, who led a government review into superannuation, has been appointed as a non-executive director at Bennelong Funds Management.

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Federal Court makes ruling in ASIC crypto asset case

ASIC/cryptocurrency/crypto-asset/federal-court/fintech/

The Federal Court has made one of its first decisions on the application of financial services law regarding crypto assets for fintech company Block Earner.

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Transformational task ahead as Hartley takes over Insignia

insignia-financial/insignia/amp/renato-mota/Scott-Hartley/

With shares down 51 per cent over the last five years and the firm losing its spot as Australia’s largest licensee, Scott Hartley will have a turnaround job ahead of him as chief executive of Insignia.

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Advisers seeing appeal of ETFs to serve younger investors

global-x/AUSIEX/ETFs/financial-advice/

ETFs are becoming increasingly attractive to advisers for their younger clients, according to AUSIEX, as way to provide them with diversification and a balanced portfolio.

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Small licensees not immune from ASIC surveillance

licensees/compliance/adviser-registration/professional-indemnity/PI-insurance/ASIC/

Smaller licensees should be aware that they are just as much on ASIC’s radar as their larger counterparts as increased data and technology means the regulator has greater transparency than ever, according to a compliance expert.

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Licensees recommencing to be a ‘common theme’ in 2024

Wealth-Data/Colin-Williams/licensees/

Wealth Data’s Colin Williams expects financial advice licensees recommencing to be a common trend throughout this year, as nine licensees have restarted over the past four weeks.

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JPMAM launches new adviser portal in Australia

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JP Morgan Asset Management has launched a new digital portal in Australia based on adviser feedback, enabling them to compare portfolio performance and access investment insights.

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