Why didn’t ASIC target individual Dixon advisers?

Dixon/Dixon-Advisory/ASIC/enforcement/

ASIC has detailed to the Senate Economics Committee why it decided to pursue action against Dixon Advisory rather than the individual advisers involved in the wrongdoing.

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How George is rebuilding trust at AMP

amp/Alexis-George/licensees/trust/

AMP chief executive, Alexis George, has shared how she has rebuilt the company since taking over the role three years ago and regained trust in the brand.

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Alleged Dixon losses reach $458 million: AFCA

advice/AFCA/Dixon/Dixon-Advisory/david-locke/

AFCA has told the Senate Economics Committee that alleged losses from Dixon Advisory clients are an estimated $458 million while outlining the concerns it is observing in determinations.

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Tribeca ends 16-year GSFM relationship

Tribeca-Investment-Partners/GSFM/distribution/

Tribeca Investment Partners has announced it is ending its distribution agreement with GSFM after 16 years as it seeks to internalise functions.

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Relative Return: Taking an ESG lens to active ETFs

Podcast/Relative-Return/Sponsored-by/

In this episode of Relative Return, host Maja Garaca Djurdjevic chats with James Harwood, director and senior portfolio manager of the APAC region at Russell Investments, about ESG and active exchange-traded funds (ETFs)

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Fiducian’s Auxilium platform identified as ‘disrupter of the disrupters’

Fiducian/licensees/AFSL/platforms/

Fiducian’s Auxilium platform has been identified as a strong capability and growth opportunity at the firm, having recently opened up to external advisers for the first time.

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4 advice firms merge to create Esencia Wealth

financial-advisers/advice-practice/financial-advice/mergers-and-acquisitions/

Four financial advice businesses have joined forces to form Esencia Wealth, which has opened its new Sydney office with over 1,000 clients and 10 advisers.

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Count equity business purchases Melbourne client book

M&A/Countplus/AFSL/Melbourne/

O’Brien Accountants & Advisors, an equity partner firm of advice licensee Count, has acquired an accounting client book for $2.1 million to expand its Melbourne client base.

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Regal to acquire alternatives manager in $235m deal

regal-funds-management/Regal-Partners-Limited/Alternatives/private-capital/acquisition/M&A/

Regal Partners has entered into agreement to acquire private capital and alternative investment specialist Merricks Capital for $235 million.

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Sequoia delays shareholder EGM

Sequoia/AFSL/shareholders/

Sequoia has delayed its extraordinary general meeting by one day at the request of the Australian government’s Takeovers Panel regarding an application alleging unethical practices.

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