Morgan Stanley Wealth Management to create bespoke OpenAI model

chatgpt/Morgan-Stanley/artificial-intelligence/

Global wealth manager Morgan Stanley Wealth Management has announced a partnership with ChatGPT creator OpenAI to create a bespoke model for its advisers.

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Jones urges passing of CSLR bill this month

Stephen-Jones/CSLR/financial-accountability-regime/

Stephen Jones has called on the Government to pass the Compensation Scheme of Last Resort bill this month, stating consumers have “waited long enough” for redress.

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Investment platform launches finance app for parents

investment-platform/financial-literacy/ETFs/

Investment platform Pearler has announced an investment app for parents to invest on behalf of their children, aiming to build financial literacy.

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AMP confirms Dexus exit and review plans

amp/Dexus/

AMP will begin a comprehensive review of its business as it confirms a sale date for AMP Capital’s real estate and domestic infrastructure equity business after delays.

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Zero change in adviser numbers supports stabilisation trend

Colin-Williams/Wealth-Data/financial-advisers/

Wealth Data’s key adviser movements reported no net change of advisers in the week up to 16 March.

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Former director charged with eight counts of fraud

ASIC/fraud/

Mark McCabe has been charged for dishonestly obtaining over $940,000 from eight people, seven of whom were clients of his companies.

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Lonsec enters partnership with InterPrac Financial Planning

Financial-planning/financial-advisers/lonsec/research-and-ratings/

The investment research portal has been appointed the mandated research provider and would commence a bespoke onboarding program for advisers across the InterPrac dealer group.

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Practifi appoints new chief executive

practifi/technology/fintech/

Adrian Johnstone would succeed co-founder and former CEO Glenn Elliott, who will maintain his role on the Practifi board and an ownership stake.

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Three BT funds receive interim stop orders from ASIC

ASIC/BT/DDOs/

ASIC has issued interim stop orders on three BT funds run by Advance Asset Management for DDO failings.

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AFCA backs CSLR amidst rising volume of complaints

AFCA/CSLR/financial-advice/

The Australian Financial Complaints Authority has addressed the Independent Review’s recommendations and pushed for greater internal dispute resolution.

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