ASIC has taken action against a Queensland adviser who was sentenced last May for misappropriating $1.8 million from his clients.

1 day ago · Generation Development Group (GDG) is to acquire 100 per cent of Evidentia Group to create a managed account provider with over $25 billion in funds under management (FUM). Evidentia was launched in January 2020 and provides tailored SMA portfolios and investment management services to private ...

12 hours ago · Moreover, incoming advisers will need to meet minimum study requirements in areas including finance, economics or accounting, alongside prescribed accredited financial advice subjects covering ethics, legal and regulatory obligations, consumer behaviour, and the financial advice process.

Target audience Aimed primarily at financial planners and dealer group principals, Money Management is also widely read by fund managers, accountants, bankers, insurers and government. Editorial coverage Money Management provides accurate, informative and insightful editorial coverage of the Australian financial services market, with topics including taxation, managed funds, property ...

Sep 9, 2024 · After a financial year full of turnaround steps, the firm announced its statutory NPAT was $238 million, up from $182 million in FY23. FUM was $36.6 billion, comprising $17.1 billion in retail assets and $19.4 billion in institutional ones, and …

Dec 17, 2024 · Locally, the number of billionaires increased from 41 in 2023 to 43 in 2024, marking a rise of 4.9 per cent. There was a 16.3 per cent rise in Australian billionaire wealth from US$173.5 billion last year to $201.8 billion this year.

Jan 20, 2025 · With Sanlam Private Wealth (SPW) coming under ASIC pressure regarding the number of responsible managers (RMs) in its business, law firm Holley Nethercote explores what the role entails. At the end of 2024, SPW, an affiliate of South African financial services firm Sanlam Group, provided an ...

Nov 20, 2024 · Responsible investment in Australia has hit a new record in assets under management (AUM), despite greenwashing concerns also intensifying. The Responsible Investment Association Australasia’s (RIAA) annual 23rd Benchmark Report found the responsible investment market increased by 24 per cent to $1.6 trillion in AUM in 2023. In comparison, Australia’s total managed funds industry reached ...

Feb 27, 2024 · “Decision making is constantly shifting, with advisers, platforms and investment consultants playing far bigger roles than from years past. Advisers are not just keeping pace with industry shifts; they are leading the charge towards a more customised, efficient and responsive financial advice sector.”

Nov 5, 2024 · Adviser Ratings has pinpointed five key trends characterising the future of the Australian financial advice profession. The research house’s quarterly Musical Chairs Report for Q3 2024 explored several themes that are currently emerging in the advice sector.