ASIC has confirmed the industry funding levy for the 2024–25 financial year and how much licensees can expect to pay. According to its annual Cost Recovery Implementation Statement (CRIS), ASIC said ...

In its latest Australian Asset Manager report for the second quarter of 2025, Morningstar equity analyst Shaun Ler said: “With large passive shops using scale to lower prices to attract assets, active ...

“The Sitting Panel determined that in giving that advice, the relevant provider contravened s961G of the Corporations Act 2001 by giving advice that was not appropriate, and s961J (1) of the ...

In US dollar terms, Australia counts 1.9 million millionaires and is ranked eighth in UBS’ millionaire index. One in 10 people are a millionaire in USD terms, it said, alongside Hong Kong SAR, the US ...

Traditional relationships between advisers and business development managers (BDMs) are evolving, with the expectations for them to provide meaningful guidance to the advice practice. According to ...

Since the start of 2025, this model is down by 53 advisers compared to gains of 77 by holistic business models focused on financial planning. This model is one that has affected Count since its ...

Padua Solutions has poached an individual from Colonial First State to take on a newly created role focused on overseeing its technical capabilities. Previously with CFS, Dimitri Diamantes has been ...

BlackRock has opted to reduce exposure to Australian equities in its model portfolios, taking profits after strong ASX performance year-to-date. In a market note, the wealth management giant said it ...

Rob Coombe, GDG chairman, said: “I am delighted to welcome Peter to GDG’s board and look forward to his wealth of experience and expertise complementing the company’s strategic objectives.” Last year, ...

The development of semi-liquid private equity funds is providing a way for wealth managers to get easy access to the asset class, according to a panel. Semi-liquid funds are those which offer a ...

In this week’s episode of Relative Return Insider, Professor Robert Brooks of Monash Business School joins the show to unpack the economic and market implications of rising tensions between Israel and ...

With just 10 days left of the financial year, adviser numbers have taken a notable hit with further losses expected as 30 June approaches. In what is shaping up to be a month of four consecutive ...