AFSLs warned on AI risk governance

artificial intelligence dash ASIC licensees

| By Jasmine Siljic |

Following ASIC’s report into AFSLs’ adoption of AI last year, two DASH executives have urged financial advice practices to consider AI within their risk governance frameworks or risk regulatory scrutiny.

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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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Macquarie AM announces double ETF launch

macquarie Macquarie Asset Management ETFs fixed income

| By Jasmine Siljic |

Funds management

Macquarie Asset Management has unveiled two new fixed income ETFs, strengthening the firm’s global active ETF platform that launched in 2023.

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Jasmine Siljic

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Clime IM appoints former adviser as portfolio manager

Clime Clime Investment Management appointments fund manager

| By Laura Dew |

Funds management

Clime Investment Management has appointed a portfolio manager on its Clime International Fund, who transitions from his role as a private bank financial adviser.

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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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Jailed former Melbourne adviser loses sentence appeal

Melbourne ASIC jail financial advice banning

| By Staff |

Financial planning

Former financial adviser Bradley Grimm has lost his appeal to have his sentence overturned in the Supreme Court of Victoria after judges ruled the conditions were “lenient” for his actions.

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FAAA expects Dixon to push CSLR levy past $100m in FY26–27

CSLR financial advice Dixon Advisory

| By Laura Dew |

Financial planning

Compensation claims regarding United Global Capital may be a “much bigger issue” than Dixon Advisory this year, the FAAA has said, but Dixon will be back on the agenda for FY26–27 and could push the levy past $100 million.

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 looks to reduce burden of reportable situations regime

ASIC licensees breach reporting

| By Jasmine Siljic |

Financial planning

The corporate regulator has proposed additional relief for AFSLs under the reportable situations regime, with the FSC welcoming the changes to an “excessively burdensome” system.

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Jasmine Siljic

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HUB24 enters FY25 with $9.5bn in net inflows

HUB24 platforms Andrew Alcock

| By Jasmine Siljic |

Financial planning

HUB24 has seen record net inflows of $9.5 billion for the first half of FY25, driven by new advisers joining the platform and favourable market conditions.

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Jasmine Siljic

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HMC Capital AUM rises 45%, thanks to real estate flows

private markets private credit financial results

| By Laura Dew |

Funds management

Alternative asset manager HMC Capital has reported a 45 per cent rise in assets under management in the first half of FY25, and how its private credit division is performing following the acquisition of Payton Capital.

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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Future Generation appoints inaugural CIO

Perpetual appointments hires CIO

| By Laura Dew |

Funds management

Investment group Future Generation has appointed its first chief investment officer who joins the team from Perpetual Asset Management.

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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Perennial boosts distribution team

Perennial Partners Perennial distribution appointments

| By Laura Dew |

Funds management

Perennial Partners has made a series of appointments to its distribution team across Australia, including a director focused on private wealth, while an ESG specialist departs.

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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