Superannuation fund ART shares FY23-24 performance

Australian retirement trust financial year Superannuation

The $280 billion Australian Retirement Trust is the first superannuation fund off the block to report its performance for the 2023-24 financial year.

AUTHOR

The advisers under ASIC’s scrutiny in FY24

ASIC adviser ban financial advisers enforcement

As the 2023–24 financial year comes to a close, Money Management reviews the financial advisers who fell under the regulator’s enforcement spotlight.

AUTHOR

Which 2 Aussie states have the highest FUA?

financial advice Adviser Ratings states fees funds under advice

Adviser Ratings’ latest report has unearthed which two Australian states are servicing the highest number of clients and enjoying the largest funds under advice.

AUTHOR

Bravura extends CCO term amid transformation project

Bravura technology appointments

Financial software provider Bravura has extended the term of its chief commercial officer as it seeks to finalise work on its transformation program.

AUTHOR

CA ANZ appoints financial advice leader

accountants advocacy ca anz quality of advice review

Chartered Accountants Australia and New Zealand has appointed a financial advice leader who joins following 20 years at CPA Australia.

AUTHOR

Infocus completes Madison deal to create $17bn licensee

Clime Investment Management Madison Financial Group InFocus darren steinhardt

Licensee Infocus Wealth Management has announced it has completed the acquisition of Madison Financial Group, increasing its adviser number to more than 200.

AUTHOR

Melbourne firm sees temporary AFSL suspension

ASIC Melbourne AFSL end of financial year

As the financial year comes to a close, ASIC has suspended the AFSL of a Melbourne financial services firm following an investigation by the regulator.

AUTHOR

Victorian AFSL sees licence cancelled and MD banned

ASIC AFSL Victoria

ASIC has cancelled the AFS licence of a Victorian fund manager and banned its managing director for four years after discovering “significant and systemic failures of oversight and compliance” which led to investor losses.

AUTHOR

Advice industry suffers shocking drop ahead of EOFY

Wealth Data Colin Williams adviser numbers EOFY

Financial adviser losses this week are 10 times higher than those of the previous week, as many look to switch licensees before the end of the financial year.

AUTHOR

Advisers mistakenly indicating lack of conflicts at licensees

conflicts of interest Holley Nethercote compliance regulation licensees

Some 41 per cent of financial advisers say they have no conflicts of interest in their business, according to Holley Nethercote, indicating a fundamental lack of understanding of the regime.

AUTHOR

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

1 month 2 weeks ago

This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...

1 month 2 weeks ago

Interesting. Would be good to know the details of the StrategyOne deal....

1 month 3 weeks ago

SuperRatings has shared the median estimated return for balanced superannuation funds for the calendar year 2024, finding the year achieved “strong and consistent positiv...

5 days 22 hours ago

Insignia Financial has confirmed it is considering a preliminary non-binding proposal received from a US private equity giant to acquire the firm. ...

4 weeks 1 day ago

Six of the seven listed financial advice licensees have reported positive share price growth in 2024, with AMP and Insignia successfully reversing earlier losses. ...

3 weeks 4 days ago