Betashares has expanded its Wealth Builder range with its latest global shares ETF, bringing the range to four “moderately geared” ETFs.
Licensees have been urged by ASIC to ensure their advisers’ FAR records are updated, as ASIC’s latest estimates find more than 3,000 advisers could be unable to provide advice next year.
Major licensee Count has enacted its latest M&A deal, acquiring the accounting and audit client base of a Sydney accounting firm.
Australian Unity has announced a successor for chief executive Rohan Mead, who will depart the firm after more than 20 years.
Research house SQM says the rise of separately managed accounts has seen large advice groups seek their own ratings.
Macquarie’s $321 million remediation package will provide welcome relief for investors after a “difficult and challenging” experience, according to the FAAA’s Phil Anderson.
Asset manager Janus Henderson has sold a minority stake in Victory Park Capital, a private credit manager it acquired from Pacific Current Group last August.
ASIC has clarified the outcome of whether it will “name and shame” AFSLs over their reportable situations and internal dispute regimes following feedback from industry stakeholders.
Bravura Solutions has appointed a group chief executive following the exit of Andrew Russell, but the successor will be based outside of Australia.
Advisers should be wary of allocating too heavily to fixed income ETFs, believes BondAdviser’s Charlie Callan, as it could present a diversification risk if the vehicle is holding large amounts of singular bonds.
