Two bids have been made for asset manager Pacific Current, one from GQG Partners and one from alternative investment manager Regal Partners.
Insignia is to launch a partnership ownership model for self-employed licensees within months, known as Advice Services Co, as it seeks to become Australia’s largest adviser-owned licensee group.
Troubled financial services firm Mayfair 101 has announced it plans to relaunch within months, less than a year after the 20-year advertising and fundraising ban on James Mawhinney was lifted.
CPI inflation has slowed in the June 2023 quarter with the ABS reporting the lowest quarterly rise since September 2021.
Magellan has made a high-profile board hire with the appointment of the former co-CEO of a $460 billion ASX-listed fund manager.
Fixed income ETFs have attracted the most cashflow of any asset class in the first half of 2023, following the asset class’s worst performance in decades last year, according to research.
Advice Intelligence, which went into voluntary administration in May, has been acquired by a global wealth management fintech firm.
ASIC has lodged civil penalty proceedings in the Federal Court against Vanguard Investments Australia for alleged greenwashing, having previously issued the asset manager with three infringement notices last December.
Given the growing number of young, tech-savvy Australians with their own unique financial goals, firms are launching new solutions to capture this next generation of investors.
Professionalisation of the financial advice industry needs to be balanced with the adviser shortage, according to Minister for Financial Services, Stephen Jones, as he confirms the experience pathway could soon pass parliament.
