Lonsec appoints new CEO for research division

lonsec/generation-development-group/Mike-Wright/

Lonsec has appointed a new chief executive for its research and ratings division as Mike Wright takes up a new role in light of the acquisition of Evidentia Group by Lonsec's parent company GDG.

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GQG reclaims US$160bn FUM mark

gqg/GQG-Partners/funds-under-management/

GQG Partners saw its funds under management grow by nearly 5 per cent in January to more than US$160 billion, shrugging off outflows experienced after its links with Adani Group in December.

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GDG confirms acquisition of Evidentia

generation-development-group/lonsec/M&A/managed-accounts/

Generation Development Group has confirmed it is to acquire 100 per cent of Evidentia Group to create a managed account provider with over $25 billion in funds under management.

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Ex-Entireti advisers open up new licensee

Wealth-Data/licensees/amp/Charter-Financial-Planning/

Nearly 30 financial advisers have joined a new AFSL, with the majority coming from ex-AMP licensee Charter Financial Planning, which is now owned by Entireti.

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Adapt or die: Traditional asset managers urged to embrace alternatives

asset-managers/Alternatives/private-markets/M&A/merger-and-acquisition/

Asset managers lacking a presence in private markets will find themselves forced to acquire or partner to survive in 2025, according to this global consultancy.

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Canaccord Genuity 'significantly invests' in Australian wealth management

wealth-management/Canada/financial-results/

Global wealth manager Canaccord Genuity has unveiled five strategic priorities for its wealth management business in Australia as it announces its quarterly results.

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JANA announces slew of hires and promotions

JANA/appointment/investment-research/

JANA Investment Advisers has made several internal promotions and new appointments across its research team to bolster its position in the market.

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ASIC acts on Qld adviser after $1.8m fraud

ASIC/fraud/court/banning/

ASIC has taken action against a Queensland adviser who was sentenced last May for misappropriating $1.8 million from his clients.

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AMP launches digital advice solution

Bravura/amp/amp-super/fintech/digital-advice/

AMP is to launch a digital advice service to provide retirement advice to members of its AMP Super Fund, in partnership with Bravura Solutions.

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Scaling up a ‘bigger, better and stronger’ advice network

Keith-Cullen/WT-Financial/M&A/scale/

WT Financial managing director, Keith Cullen, says the firm is looking inward when it comes to M&A, with a focus on helping practices in its network become “bigger, better and stronger” via scaling up.

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