Australian ETP market to reach $200bn by 2025

VanEck/global-x/ETF-industry/exchange-traded-funds/

| By Rhea Nath |

Despite market volatility, some 42 products were launched in the last 12 months, and the ETP industry could reach a record $200 billion in the next three years, according to Global X.

AUTHOR

Rhea Nath

Rhea L Nath is a journalist at Money Management. She has previously worked as a business reporter with Dynamic Business and journalist in the multicultural media with Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.

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Successful practices will be increasing capacity in 2023: VBP

Virtual-Business-Partners/financial-advisers/qoa-review/

| By Rhea Nath |

Financial planning

With Australians warming up to the idea of advice since the QOA Review, firms are already seeing ‘overwhelming’ client volumes and need to be prepared to meet that demand.

AUTHOR

Rhea Nath

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AAT refuses adviser’s stay application on ASIC ban

ASIC/Superannuation/

| By Rhea Nath |

Financial planning

Financial adviser Jeneve Matai’s ban for providing a ‘layered advice’ strategy would remain after his appeal to the Administrative Appeals Tribunal was refused.

AUTHOR

Rhea Nath

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ALT Financial Group fined $123,000 for annual report failures

| By Laura Dew |

Funds management

The holding company of an alternative asset manager has been fined $123,000 for failing to lodge annual financial report, the largest fine handed down from these breaches.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Vanguard receives warning from NZ regulator for disclosure failure

vanguard/New-Zealand/fma/warning/ASIC/greenwashing/

| By Laura Dew |

Funds management

The global asset manager has received a formal warning from the New Zealand financial regulator after failing to disclose earlier ASIC infringement notices as required under a Trans-Tasman agreement.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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CPI inflation falls for second consecutive month

inflation/Reserve-Bank-of-Australia/RBA/

| By Charbel Kadib |

Funds management

The latest monthly CPI reading has shown annualised inflation fell for the second consecutive month in February.

AUTHOR

Charbel Kadib

Charbel is an experienced financial services journalist, previously serving as news editor of The Adviser and Mortgage Business. Prior to joining Money Management, he also covered defence and national security developments as news editor of Defence Connect, Cyber Security Connect, and Space Connect. Charbel graduated from the University of Notre Dame with a double major in politics and journalism.

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Australia urged to improve fund transparency

ESG/Zenith/transparency/

| By Laura Dew |

Funds management

Australia has been described as one of the worst countries in the world for transparency of portfolio holdings as clients and the regulator seek more information on sustainability credentials.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Trusted client relationships target for hackers in advice firms

cybercrime/cybersecurity/IMAP/

| By Jasmine Siljic |

Financial planning

According to this cyber security professional, the trusted relationships between advisers and their clients are the target for infiltration by hackers and firms need to ensure client information is safeguarded.

AUTHOR

Jasmine Siljic

Jasmine Siljic is a journalist at Money Management. Prior to joining MM, she also worked across other Momentum Media brands as an intern and cadet journalist. She recently completed a Bachelor of Media and Communications at Macquarie University.

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‘Don’t overlook the steps’ in becoming an adviser

financial-advice/exam/professional-year/FPA/

| By Jasmine Siljic |

Financial planning

With more Professional Year candidates passing their financial adviser exam this week, an associate adviser has shared why graduates shouldn’t rush to become advisers and ignore the experience gained in junior roles.

AUTHOR

Jasmine Siljic

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Advice firm buyers facing financing difficulties

Radar-Results/M&A/financial-advice/HLB-Mann-Judd/

| By Laura Dew |

Financial planning

The rise in interest rates is having a knock-on effect on financial advice M&A activity as buyers are finding themselves approved for financing that is up to 30% lower than last year.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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