AWAG has made a 20 per cent strategic investment in First Mutual Australia as it seeks to grow AWAG’s authorised representatives to 80–100 by the end of the financial year.
The chief distribution officer at Allianz Retire+ has departed after less than two years to take up a senior role at Generation Life.
Avantis Investors has launched its first active ETFs in the Australian market, backed by American Century Investments, and has told Money Management that future expansion will be based on adviser demand.
APRA has issued a letter to platform trustees to urgently improve their onboarding practices and monitoring to safeguard investments held on platforms, in light of First Guardian failures.
With investors demonstrating a lack of private market understanding, an adviser has shared how his firm uses a tiered investment approach that varies based on his clients’ financial literacy.
While specialist advice firms have become an increasingly popular business model in recent years, industry analysis reveals whether there are financial benefits to be gained from opting for that specialisation.
ETF provider Global X has expanded its GARP ETF range with the launch of a vehicle focusing on Australian equities.
Consumers who receive financial advice are feeling more secure in the face of global instability and volatility than their unadvised peers, according to the FAAA.
GCQ Funds Management has appointed a distribution director to work with advisory groups, who joins from Ausbil Investment Management.
ASIC has enacted civil penalty proceedings against Fiducian Investment Management Services alleging it breached its duties as a responsible entity and engaged in misleading and deceptive conduct.
