Finance workers fear job security amid AI push

fsu/Finance-Sector-Union/artificial-intelligence/insignia/insignia-financial/

| By Jasmine Siljic |

As artificial intelligence becomes increasingly commonplace in Australia’s financial services sector, over half of workers fear it poses a threat to their job security, the FSU has unearthed.

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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Link Wealth grows national presence with Hobart acquisition

M&A/financial-advice/mergers-and-acquisitions/

| By Jasmine Siljic |

Financial planning

Financial services firm Link Wealth has purchased a majority stake in a Hobart-based advice business, its latest move as it makes a strategic expansion across the country.

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Jasmine Siljic

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Platinum reports lowest outflows in 18 months

Platinum/Platinum-Asset-Management/outflows/fund-management/

| By Laura Dew |

Funds management

Platinum Asset Management has announced an easing of the outflows experienced in 2024, reporting its smallest outflows in 18 months.

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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Equity Trustees selected as RE for 2 alternative funds

equity-trustees/Equity-Trustee/Alternatives/responsible-entity/

| By Laura Dew |

Funds management

Equity Trustees has partnered with two alternative fund managers as the responsible entity for their latest fund launches.

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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Praemium expands SMA range with multi-asset ETFs

ETFs/praemium/SMAs/

| By Jasmine Siljic |

Funds management

Praemium has added five new multi-asset SMAs to its platform from fintech Briefcase, which are constructed using ASX-listed ETFs to meet rising adviser demand.

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Jasmine Siljic

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NSW adviser’s ‘incompetence’ leads to FSCP action

ASIC/FSCP/financial-advice/

| By Laura Dew |

Financial planning

The Financial Services and Credit Panel has cancelled the registration of an NSW adviser for two years as it felt he displayed a “level of incompetence” in providing advice to his clients.

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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ASIC makes first AFSL cancellation of 2025

AFSL/ASIC/

| By Laura Dew |

Financial planning

ASIC has cancelled its first AFSL of 2025, taking action against an advice licensee based in Sydney, NSW.

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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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Government to improve ‘unsustainable’ advice qualification requirements

adviser-education/education-standards/Sarah-Abood/FSC/siaa/new-entrants/

| By Jasmine Siljic |

Financial planning

Industry bodies have welcomed a government announcement that it will reform the education standards for financial advisers by opening up the number of approved degrees that students can undertake.

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Jasmine Siljic

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BDM salaries spike as FMs target intermediary market

business-development-manager/business-development/salaries/recruitment/salary/

| By Jasmine Siljic |

Funds management

Recruitment agency Keegan Adams has released its funds management distribution salary guide for 2025, with the role becoming more critical than ever as fund managers target retail and intermediary clients.

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Jasmine Siljic

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MA Financial closes IPO at $330m

private-markets/IPO/

| By Laura Dew |

Funds management

MA Financial Group has closed its IPO early for the MA Credit Income Trust, having raised a sum 10 per cent higher than its original target.

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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