Financial advice practices need to combine both their professional skills and credibility with digital access if they wish to compete with finfluencers for younger clients.

Following the partnership between Lexington Partners and Franklin Templeton Australia formed in May, the firms’ co-managed evergreen private equity secondaries strategy has surpassed $1.8 billion in AUM.

Managed accounts saw net inflows of $16.7 billion in the six months to 30 June, as IMAP chair Toby Potter describes the offering as having reached their “maturity phase”.

Coastal Advice Group has completed the acquisition of three advice businesses across Australia, as it sets its sights on major national expansion over the next financial year.

Insignia Financial has enacted a remuneration review after finding its pay was lower than market peers, upping the maximum short-term bonus available for CEO Scott Hartley as he completes the firm’s acquisition by CC Capital.

Colonial First State has exceeded $20 billion invested in its CFS managed accounts, announcing multiple expansions to its platform offering.

Three fund managers have made appointments to their distribution teams, focusing on the firms’ relationships with financial advisers.

Global X analysis has revealed the Australian ETF market has grown by more than a third in the past year, driven by net inflows, which are almost double the pace of 2024.

AMP CEO Alexis George has said addressing Australians’ retirement concerns should be "front and centre for policymakers” after its research revealed only half of Australians are confident about retirement.