Just days after the last of its advisers officially exited the FAR, ASIC announced it has cancelled the licence of an AFSL caught up in the Shield and First Guardian collapses. ASIC has cancelled the ...

With an explosion of private credit managers appearing in the market, two alternative experts believe a consolidation is needed to maintain the quality of the sector. Speaking on a panel at the ASX ...

Evidentia Group has hired a head of quantitative investments who joins the investment firm from AMP. Pierre-Hedzer Marchi was previously the head of quantitative research at AMP, a role he began in ...

There has been a raft of distribution appointments in the past quarter as fund managers seek to target the wholesale market. In May, Bell Asset Management appointed Andrew Stewart from Allianz Retire+ ...

In this week’s episode of Relative Return Insider, hosts Maja Garaca Djurdjevic and Keith Ford discuss a busy week of announcements from ASIC, with submissions to its public and private markets paper ...

ASIC has banned a former NSW adviser from providing advice for 10 years for engaging in misleading or deceptive conduct. Glenda Maree Rogan was an adviser with the Fincare group of companies based in ...

The corporate regulator has sent warning notices to social media finfluencers as part of a global crackdown on the “unlawful” financial promotion. On the back of its participation in the Global Week ...

L1 Capital, which is bidding to merge with Platinum Asset Management, has indicated it opposes a Platinum deal to convert two LICs into ETFs. Platinum had announced last year that it would be merging ...

With June being notorious for heavy adviser losses, Wealth Data founder Colin Williams suggests the profession could end up in the red for the 2024 – 25 financial year.. According to the latest ...

In its quarterly results announced earlier this year, Netwealth’s funds under administration (FUA) rose $2.5 billion, from $101.6 billion in the previous quarter to $104.1 billion as at 31 March ...

Fund manager Fidelity International has launched its first global equity separately managed account (SMA) for Australian investors, supported by wealth manager Emanuel Whybourne & Loehr. The Fidelity ...

Several research houses have already described how difficult it can be to assess a private markets fund due to the lower transparency and difficulties in comparing them with equivalent public funds.