BTC on your APL? Licensees air views on crypto

crypto/cryptocurrency/bitcoin/approved-product-list/APLs/

Three of Australia’s largest financial advice groups have shared their thoughts with Money Management on whether they would include crypto on their approved product lists.

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Coalition’s Taylor commits to advice reforms within 100 days

federal-election/coalition/financial-advice/

Shadow treasurer Angus Taylor has vowed to introduce a bill to legislate a raft of financial services reforms if the Coalition is elected.

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Reach Alts joins forces with Russell Investments

Russell-Investments/Alternatives/private-markets/infrastructure/

Reach Alternative Investments has entered into a strategic partnership with Russell Investments to bolster its wholesale private markets offering for financial advisers and investors.

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Nuveen appoints global real estate head

Nuveen/real-estate/appointment/

Nuveen has appointed a global head of estate, a successor to Chris McGibbon who steps down after almost 25 years.

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Genium confirms senior hire from Morningstar

research-house/ratings/morningstar/

Boutique investment consulting and research house Genium Investment Partners has announced a senior appointment to drive further growth in its research ratings business.

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M&A actions propel licensees’ share price in Q1

financial-advice/licensees/AFSL/

Money Management examines the share price of financial advice licensees over one year to 31 March, with M&A actions in the final quarter having a positive effect for two licensees.

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‘Good result’ as $3.5m Caddick auditor class action approved

Melissa-Caddick/fraud/court/class-action/

A $3.5 million settlement for victims of Melissa Caddick has been approved by the Federal Court following an initial agreement last December.

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PE firm completes acquisition of Mason Stevens

Mason-Stevens/private-equity/M&A/platforms/

The acquisition of Mason Stevens by Adamantem Capital has reached completion, as the wealth platform looks to increase investment into its services for Australian wealth practices.

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HMC Capital flags upcoming private equity fund

private-markets/private-equity/fund-launch/

The alternative investment manager has signalled its intentions to repackage an existing fund into a second private equity vehicle, targeting both listed and unlisted opportunities.

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Otivo launches AI advice tool

otivo/AI/fintech/advice-technology/

Digital advice provider Otivo has launched an interactive tool, powered by artificial intelligence and Otivo’s own advice engine, to help answer client questions.

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