Insto client pulls US$1bn from GQG Partners

GQG-Partners/fund-managers/outflows/

GQG Partners has lost over US$1 billion from an institutional client, contributing to FUM falling by US$6 billion in July, as it flags fund underperformance could lead to continued outflows.

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FAAA to expand approved specialisations program

adviser-education/education/financial-advice/

The Financial Advice Association Australia has announced it will expand its approved specialisations program to broaden its range of qualification designations.

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Adviser numbers continue slow recovery after EOFY losses

Wealth-Data/adviser-number/financial-adviser-register/AFSLs/

The profession is up by almost 200 advisers for the new financial year, with August continuing the consistent weekly positive gains.

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Perpetual backs fixed income growth with active ETF

Perpetual/ETFs/active-ETFs/fixed-income/bonds/

Perpetual Asset Management has launched its inaugural fixed income and credit active ETF, cashing in on the recent boom in the asset class.

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AWAG enters latest joint wealth management venture

financial-advice/joint-venture/M&A/

The Australian Wealth Advisors Group has entered into a joint venture with a Melbourne financial services firm to launch a wealth manager.

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AI investment enters a new frontier

BetaShares/ETFs/technology/artificial-intelligence/

Innovations in artificial intelligence are continuing apace with China leading global development, according to Betashares investment strategist Hugh Lam.

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Relative Return Insider: The push for holistic tax reform

Relative-Return/

In this episode of Relative Return Insider, host Keith Ford is joined by Accountants Daily journalist Imogen Wil

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WT Financial backs second ‘Hubco’ for advice duo

WT-Financial/AFSL/M&A/financial-advice/

WT Financial has announced its second “Hubco” with a combined valuation of $7.8 million, while its first one has successfully incorporated and is now making its own acquisitions.

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Litigation costs dent AMP 1H25 NPAT

amp/platforms/North/

Remediation and litigation costs have led AMP to announce a reduced statutory net profit after tax of $98 million for the first half of 2025.

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Fixing the PY pipeline: Addressing the challenge for licensees

py/new-entrants/professional-year/AFSLs/education/

Stakeholders in the professional year discussion underscore the challenges in the current pipeline and what is holding back licensees from taking on new candidates.

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