The finalists for the 2025 Australian Wealth Management Awards have been revealed, shining a spotlight on the top performers and rising stars across the nation’s wealth sector.

Magellan has closed out the financial year with funds under management approaching $40 billion and outlined its estimated performance fees.

Former Iress chief executive, Andrew Walsh, has been promoted to chair of a boutique Sydney advisory firm, having stepped down from the same position at Mason Stevens.

Results are out for the latest sitting of the ASIC financial advice exam, with the pass rate falling for the second consecutive sitting.

Adviser losses for the end of June have come in 143 per cent higher than the same period last year, and bring the total June loss to over 350.

First Sentier Investors chief executive, Mark Steinberg, is set to depart the asset manager after seven years.

AMP has announced to the ASX that it is being sued by property fund manager Dexus regarding the sale of its real estate and domestic infrastructure equity business.

Metrics Credit Partners has completed the acquisition of Taurus Finance Group and BC Investment Group as it looks to launch consumer lending arm Navalo.

ASIC’s enforcement action is having an active start to the new financial year, banning a former Queensland financial adviser for 10 years in relation to fees for no service conduct.