Prime Financial sees ‘strong tailwinds’ in private markets

| By Jasmine Siljic |

Prime Financial Group has announced its FY24 results in what proved to be an “inflection point” for the firm, with further M&A activity and growth in the alternatives market ahead.

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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Pacific Current divestments drive cost savings for business

| By Laura Dew |

Funds management

Pacific Current noted FY24 was a “transformational year” as it made multiple divestments to create a lower cost structure for the business.

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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‘Dislocation’ in investors’ understanding of private credit

| By Laura Dew |

Funds management

With research houses raising concerns about the suitability of private credit funds for retail clients, a fund manager has acknowledged greater transparency is needed to protect investors who struggle to understand the risk.

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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Knowledge gap persists on lifetime income market

| By Jasmine Siljic |

Financial planning

There is a role for advisers to play in helping pre-retirees understand lifetime income solutions as clients say they lack comprehension of the products’ structure.

AUTHOR

Jasmine Siljic

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Former Brisbane adviser found guilty of $5.9m fraud

| By Laura Dew |

Financial planning

A former Brisbane financial adviser has been found guilty of 28 counts of fraud where his clients lost $5.9 million.

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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Platform migration causes adviser outflows for Insignia

| By Laura Dew |

Financial planning

The migration of the MLC platform to Expand caused disruption in platform flows for Insignia in FY24 as advisers “lost patience” with delays, while the firm flagged its reasoning behind the lack of dividend.

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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Strong revenue drives staff growth for advice practices

| By Jasmine Siljic |

Financial planning

The majority of financial advice practices enjoying revenue growth are putting this towards growing their adviser teams, according to new research.

AUTHOR

Jasmine Siljic

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ASIC unveils strategic enforcement priorities for FY25

| By Jasmine Siljic |

Financial planning

A wide range of strategic priorities are set to fall under the corporate regulator’s enforcement spotlight in the next 12 months, including the risk management and data security of AFSLs.

AUTHOR

Jasmine Siljic

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ClearView prioritises wealth management exit

| By Laura Dew |

Financial planning

ClearView has said it expects to completely exit wealth management by the third quarter of FY25.

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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Centrepoint Alliance shares FY24 results amid strong adviser growth

| By Laura Dew |

Financial planning

Centrepoint Alliance is optimistic of benefitting from licensee switching to grow organically and is set to boost funds under advice via a new investment platform in October.

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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Prime Financial sees ‘strong tailwinds’ in private markets

AUTHOR

Jasmine Siljic

Jasmine 's social profiles:

Pacific Current divestments drive cost savings for business

AUTHOR

Laura Dew

Laura 's social profiles:

‘Dislocation’ in investors’ understanding of private credit

AUTHOR

Laura Dew

Laura 's social profiles:

Knowledge gap persists on lifetime income market

AUTHOR

Jasmine Siljic

Jasmine 's social profiles:

Former Brisbane adviser found guilty of $5.9m fraud

AUTHOR

Laura Dew

Laura 's social profiles:

Platform migration causes adviser outflows for Insignia

AUTHOR

Laura Dew

Laura 's social profiles:

Strong revenue drives staff growth for advice practices

AUTHOR

Jasmine Siljic

Jasmine 's social profiles:

ASIC unveils strategic enforcement priorities for FY25

AUTHOR

Jasmine Siljic

Jasmine 's social profiles:

ClearView prioritises wealth management exit

AUTHOR

Laura Dew

Laura 's social profiles:

Centrepoint Alliance shares FY24 results amid strong adviser growth

AUTHOR

Laura Dew

Laura 's social profiles:

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