AFCA enacts 93% rise in member expulsions

AFCA/Dixon-Advisory/Dixon/

The number of members expelled from the Australian Financial Complaints Authority almost doubled between 2023 and 2024, according to internal data.

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Perth advice firm merges with global insurer

M&A/financial-advice/wealth-management/Perth/Western-Australia/

Perth financial advice firm Wealth Management Partners has merged with global financial services firm Gallagher.

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Sequoia refreshes finance media brands

Sequoia/Sequoia-financial-group/rebrand/

Sequoia Financial Group has flagged a major rebranding of its two financial news sites, following court proceedings last year.

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AMP fills chief marketing officer role

amp/Marketing/appointment/

Following the departure of its chief marketing officer last year, AMP has appointed a successor to take up the position with the appointment coming from the US.

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DomaCom appoints AI expert as chair

domacom/platform/hires/chair/

Managed investment platform DomaCom has appointed an experienced artificial intelligence leader as its new chair, joining from the same firm as its newly appointed chief executive.

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How HMC Capital is progressing its private credit division

private-credit/funds-management/M&A/Alternatives/

Six months on from HMC Capital’s acquisition of Payton Capital, Money Management takes a look at what the firm has achieved following the deal.

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Insignia receives upgraded bid from Bain Capital

insignia/insignia-financial/M&A/

Original bidder Bain Capital, which saw its first offer rejected in December, has returned with a revised bid for Insignia Financial.

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The licensees set to be winners and losers of CY24

Wealth-Data/Colin-Williams/adviser-numbers/

Preliminary results from Wealth Data for the 2024 calendar year have unveiled which licensees reported the highest growth and losses in adviser numbers.

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Alts managers paying lip service to retail market

Ernst-&-Young/Alternatives/retail-investors/

Alternative asset managers may view the retail and intermediary market as a “frontier for growth”, but figures from EY show 40 per cent say they plan to invest “nothing” to target this demographic.

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International equities spur $35bn ETF flows in 2024

ETFs/VanEck/international-equities/

VanEck has named international equity ETFs as “the clear frontrunner in 2024”, with the asset class accounting for over 40 per cent of the industry’s total net flows during the year.

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