Morgan Stanley moves client subset off legacy platform to Netwealth
Morgan Stanley Wealth Management will move a subset of its clients off its legacy platform onto Netwealth, further aiding the platform provider’s expansion into the stockbroking and private wealth market. The deal comes as the fast-growing Netwealth plans to double in size over the next four years, despite regulatory issues caused by First Guardian in the past 12 months.
July 07, 2026
FAAA urges Productivity Commission to make phoenixing harder
The Financial Advice Association Australia has told the Productivity Commission that any changes to the insolvency regime need to more carefully restrict phoenixing activity as the Compensation Scheme of Last Resort impacts the financial advice sector.
July 07, 2026
Retirement Income Covenant, not the ‘Retirement Performance Covenant’
The government is consulting on changes to the APRA performance test which could see the inclusion of retirement income products and managed accounts, but The Conexus Institute has argued that expansion doesn’t address the spirit and intent the test was designed for.
July 06, 2026
Retirees sour on fund services as expectations go unmet
New research from CoreData and Conexus Financial finds retirement satisfaction with super funds recorded its sharpest plunge on record this year, and it’s not only members approaching retirement who feel let down. The Best Possible Retirement study shows that pre-retirees’ expectations of how much they’ll need to be comfortable has leapt, and members already well into retirement also feel abandoned.
July 06, 2026
Very few HNW clients feel they’re getting a personalised service
Only 17 per cent of high-net-worth clients around the world say their advice feels “seamless and personalised”. The 30th edition of the Capgemini World Wealth Report explains why fragmentation is rising and why “orchestration” of services is the answer, but warns that firms chasing personalisation at scale must have the right client insights and information in place first.
July 03, 2026
‘Best possible outcome’ sees First Guardian investors cop massive loss on failed property deal
First Guardian investors will get 8 cents on the dollar back on a loan the fund made to a property developer in western Melbourne, with liquidators FTI Consulting saying they believe this was the “best possible outcome” for unitholders.
July 02, 2026
Shadforth is buying businesses, not books
Not even a year on from its acquisition of Melbourne-based financial advice firm PMD Financial Advisers, Shadforth is still looking for M&A opportunities but strictly to add like-minded advisers, rather than just client books. CEO Terry Dillon tells Professional Planner what those ideal businesses looks like.
July 01, 2026
WT sells re-branded Spring Financial Group
WT Financial Group has completed the sale of its re-branded Spring Financial Group to Titan Advice Group, turning one of its first "Hubco" businesses into a $19 million super firm, while holding onto a minority stake.
July 01, 2026
Beware ‘unconscious concentration’: Rethinking diversification
Diversification is one of the most familiar ideas in investing. But Orbis Investments’ Eric Marais writes that looking around at the concentration risk that now defines large parts of today’s market, it is also one of the ideas most in need of a rethink.
July 01, 2026
Overlooked and unloved: Opportunities beyond technology and AI
Produced in partnership with Orbis Investments. Orbis Investments head of IT and healthcare research, Povilas Dapkevicius, is feeling uncomfortable. For the past three years, global equities have surged around 22 per cent per annum, driven higher by mega-cap technology stocks and the artificial intelligence (AI) boom. The June initial public offer of SpaceX, which finished
July 01, 2026
