How many AFSLs were cancelled in FY24?

ASIC/AFSL/cancellation/

ASIC has shared data on its licensing activity during the 2023–24 financial year, including how many were cancelled or suspended.

AUTHOR

AMP enjoys rise in adviser numbers

Wealth-Data/adviser-numbers/amp/

Australia’s largest financial advice licensee has led adviser growth over the past week, while 15 new entrants joined the industry.

AUTHOR

Do consumers trust AI-generated advice?

artificial-intelligence/financial-advice/analyst/chatgpt/

A research paper has detailed whether individuals are more or less likely to change their investment decision when the advice is generated by human or by artificial intelligence, including any gender differences.

AUTHOR

Netwealth reports record quarterly FUA rise

netwealth/matt-heine/technology/CFO/

The investment platform saw its highest-ever quarterly rise in funds under administration over the September quarter, as it also provides an M&A update.

AUTHOR

Platinum reports first FUM rise in 7 months

Platinum-Asset-Management/FUM/Regal-Partners-Limited/Platinum/

Platinum Asset Management has seen its first rise in funds under management in seven months, helped by positive investment performance.

AUTHOR

Investment Trends appoints head of sales

investment-trends/appointments/financial-advice/

Research house Investment Trends has made a new hire to head up its Australian sales team.

AUTHOR

Sydney-based Sherlock Wealth goes self-licensed

AFSL/self-licensed/financial-advice/Sydney/

Sydney-based financial advice firm Sherlock Wealth has announced it is now operating under its own AFSL, one week after Andrew Sherlock took over as its chief executive.

AUTHOR

Could DBFO simplify licensee switching?

licensees/financial-advisers/quality-of-advice-review/statements-of-advice/SOAs/

A licensing head is hopeful that the DBFO legislation will make it easier for financial advisers to switch licensees, as extensive paperwork means they face a heavy burden currently.

AUTHOR

How is Iress progressing its transformation project?

iress/appointments/leadership/

As Iress makes leadership changes, Money Management examines the progress of its transformation update which is scheduled to be completed by the end of the year.

AUTHOR

New defence ETFs hit the Aussie market

ETFs/BetaShares/global-x/Global-X-ETFs/

Both Betashares and Global X have launched ETFs focused on the global defence sector, just weeks after VanEck also announced its own defence ETF.

AUTHOR

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