A Western Australian financial adviser has launched a petition and called for Financial Services Minister Stephen Jones to increase the portion of the ASIC levy paid by licensees ahead of the next levy schedule.
GQG Partners has seen a US$7 billion increase in funds under management since the start of 2024.
A Victorian accounting firm – in which Count holds a 40 per cent equity stake – has announced the acquisition of an accounting client book through a $1.4 million transaction.
ASIC has issued a final reminder to unregistered financial advisers as the 16 February deadline looms and confirmed the progress made by advisers since the extension.
The central bank has announced its first interest rate decision of the year since a major revamp.
It is “highly likely” that global advisory group Brite Advisors misappropriated client funds for its own purposes, the Federal Court has heard, as receivers examine the variance of $100 million in its accounts.
According to Calastone, 2023 was the first year since 2019 that Australian investors were net sellers of equity funds, as they turned their heads towards the promise of fixed income.
While fewer than one in five Australians consult financial advisers, the vast majority wish they could do more to feel in control of their personal finances, two new reports highlight.
Ahead of its half-year results next week, Magellan has reported a rise in funds under management for the third consecutive month, but outflows remain elevated.
Two potential side effects have been flagged around changes to the sophisticated investor test following a recent Treasury consultation, which could see thousands of investors no longer classified as 'wholesale investors'.
