Therefore, the introduction of a per capita cap, the FSC said, will have numerous benefits, including limiting the cost of the scheme, encouraging it to function efficiently, and ensuring its future ...

SSGA’s research also uncovered that confidence levels among advised respondents in Australia was significantly higher at 64 per cent, compared to 25 per cent of unadvised respondents. The main ...

With LGT Crestone completing its acquisition of CBA’s advice firm, Money Management details the M&A activities of the second quarter so far. LGT Crestone confirmed this week that it had completed the ...

“We’ve always been conscious to communicate how redemptions are dealt with and structure funds in a way where we will not need to fire-sell any assets if there are any redemptions, which is a benefit ...

Betashares and Global X have announced they will both be launching new products focused on defined income and Chinese equities, respectively. Global X has announced it will launch the Global X China ...

ASIC has permanently banned a former Perth adviser after he made “materially misleading” statements to induce investors. Neville Allan Kendrick was permanently banned from 22 April from providing any ...

Since it was first launched in late 2023, the program has reached more than 300 students. With adviser numbers lingering around the 15,600 mark – compared to a high of nearly 28,000 in 2018 – Link ...

Having rejected the possibility of going ASX-listed, Mason Stevens’ CEO details why the wealth platform went down the private equity (PE) route and how it intends to accelerate its growth ambitions.

Ben Calder, managing director of CWM, said: “Life insurance advice is a complex and highly specialised area that continues to be underrepresented in Australia. We’ve provided insurance advice for over ...

With both PE companies and advice practices mutually benefiting from this growth, it means “everyone becomes a winner”, Marshan said. “The private equity [firm] gets the benefit of that growth and the ...

WT Financial’s new entity with Merchant Wealth Partners, Investco, has entered into a heads of agreement to merge three financial advice firms. It was announced last week that WT Financial had entered ...

The acquisition of Mason Stevens by Adamantem Capital has reached completion, as the wealth platform looks to ramp up its growth strategy. It was first announced last December that Sydney-based ...