Perpetual outflows have risen by 134 per cent from the previous quarter as the result of client mergers and rebalancing including $2.5 billion from Pendal Asset Management. In its latest quarterly ...

A former financial adviser has been sentenced after stealing $4.4 million from clients, family and friends to feed his gambling addiction. Anthony Del Vecchio pled guilty to 24 charges of obtaining ...

South Australian financial advice firm Calder Wealth Management (CWM) has announced a strategic partnership with a risk advice firm. CWM has formed a strategic partnership with risk advice firm Life ...

Centrepoint Alliance is acquiring the comprehensive advice review book from a wholly owned entity of Brighter Super, ESI Financial Services Pty Ltd. The Queensland-based super fund has about 280,000 ...

Australian pre-retirees are exhibiting heightened anxiety about their financial future and are seeking greater certainty as a result, Challenger research has uncovered. The Challenger Retirement ...

ASIC has suspended the Australian Financial Services Licence (AFSL) of a Melbourne-based financial advice firm. The AFSL was held by Beacon Wealth in Melbourne and would be suspended until 7 April ...

Global asset manager Janus Henderson has signed a strategic partnership with life insurer Guardian Life, which will commit up to US$400 million to accelerate the firm’s fixed income development plans.

ASIC is seeking to publish firm-level data on the reportable situations and internal dispute resolution (IDR) regime, in hopes that advice licensees will “lift their game”. The corporate regulator has ...

First Sentier Investors is the latest investment manager to enter the ETF space, enabling financial advisers and investors to access an existing geared fund via an ETF structure. The global investment ...

Boutique real estate credit manager COI Capital Management has appointed a former private equity head from MLC Asset Management. Kristian Zimmermann spent four years with MLC Asset Management as ...

Australian Ethical Investment has welcomed an independent non-executive director to its board, who previously spent a decade as Colonial First State’s CEO. The ethical investment manager announced ...

The positive results of the latest financial adviser exam has helped the advice profession reach 15,600 yet again, according to Wealth Data analysis. Some 21 new entrants joined the industry over the ...