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 ...

At the 2024 summit attendees experienced a groundbreaking one-day conference that navigated the intricate landscape of domestic and global economic affairs, setting the stage for transformative change ...

Held over one day, the summit will bring together senior investment professionals, asset consultants, economists, and advisers to explore how alternative investments – from private equity and real ...

AMP has announced it will be selling its advice licensees and self-licensed offering Jigsaw for $10.2 million. Entireti, which was formed as a parent company of Fortnum Private Wealth and Professional ...

An artificial intelligence (AI) tool designed to shake up traditional financial advice business models has launched to the public. Last November, Money Management covered the announcement of a new AI ...

Earlier this year, FSI also announced the closure of four investment teams, namely Australian Fixed Income, Global Credit, Equity Income and Emerging Companies. These teams encompassed 10 funds ...

A financial advice firm has seen a weekly decline of 10 advisers, with all moving to a new licensee, while Centrepoint Alliance continues its “growth story”. Wealth Data has reported a loss of 10 ...

Despite the new entrants’ debuts, industry concentration in the ETF landscape continues to persist. The top three providers – Vanguard, Betashares and iShares – account for approximately 65 per cent ...

The role of responsible managers, according to ASIC’s RG 105, is to be directly responsible for significant day-to-day decisions about the ongoing provisions of financial services by the firm, and ...

Commenting on the CFA’s decision, Tony Adams, head of sustainable investment research at Lonsec, said the research house is seeing an increasing renaming of funds and activities. “While this is, in ...

“For many high-net-worth investors, a 10–20 per cent illiquidity bucket may be appropriate given their wealth, income and cash flow needs. Once the adviser has determined the illiquidity bucket, they ...