ASIC has confirmed the estimated industry funding levy for the 2023–24 financial year and how much licensees can expect to pay.
From multiple fund closures to a blockbuster IPO, Money Management collates the most significant news in the funds management industry over the past three months.
GQG Partners has shared its funds under management at the end of June and inflows for the first half of 2024, having taken minority stakes in three US-based businesses.
Asset management firm Channel Capital and boutique absolute return manager Arnott Capital have formed a strategic partnership to drive business growth.
Three months since Godfrey Pembroke officially exited Insignia Financial’s institutional AFSL, Money Management speaks with CEO Mark Fisher on his path to becoming an adviser-owned, adviser-run licensee.
With the 2023–24 financial year behind us, Money Management takes a look back on the financial advice licensees that were hit with enforcement action by ASIC in the past 12 months.
With the financial advisers register no longer distinguishing those who have used the experienced pathway to provide advice, how will this affect consumers and employers?
The final ASIC inquiry report has found more than 26,000 reportable situations reports made by licensees during 2022–23 were assessed as requiring no action, while public misconduct reports were routinely dismissed in 40 seconds.
The Australian Wealth Advisors Group has made its first equity partnership scheme investment into a Victorian financial planning firm as it forecasts multiple deals ahead.
A second financial adviser has seen their ASIC ban varied this week following a successful appeal to the Administrative Appeals Tribunal.
