Court rules Block Earner crypto product needs AFSL
Fintech company Block Earner has been found by the federal court to have engaged in unlicensed financial services conduct when offering its crypto-backed Earner product.
February 09, 2024
‘Lot of wood to chop’: Hartley’s tough task turning Insignia around
Former Sunsuper and AMP Australia boss Scott Hartley has been named as Renato Mota’s successor as CEO of Insignia Financial. Widely considered the frontrunner for the job, industry figures say Hartley’s drive and tenacity give him a shot at success in what is possibly the wealth management industry’s most difficult job.
February 08, 2024
Another 13.8k advisers required to meet retirement needs: CoreData
A wave of wealth handed down from older generations will increase demand for advice. Australia doesn’t have enough advisers, those it has aren’t productive enough to meet that demand, and dealing with younger clients presents new challenges, but there are solutions.
February 08, 2024
Advisers are buying more ETFs, especially for younger clients: AUSIEX
More financial advisers are favouring low-cost ETFs, with nearly a third (31 per cent) of their buying volumes directed to ETFs in 2023, according to trading platform AUSIEX.
February 08, 2024
Kiwi sovereign wealth fund closes in on NZ$70b mark
Kiwi sovereign wealth fund NZ Super is edging close to NZ$70 billion ($65 billion) in total assets, ending the calendar year with 16.03 per cent pre-tax return.
February 08, 2024
J.P. Morgan launches adviser portal in Australia
J.P. Morgan Asset Management has launched its adviser portal in the Australian market.
February 08, 2024
BlackRock names head of Australia
BlackRock has appointed Jason Collins as head of Australia, reporting to Andrew Landman who was appointed deputy head of APAC, head of Southeast Asia and Oceania, and head of APAC wealth last month.
February 08, 2024
AI a bigger opportunity than the internet: Fund manager survey
Close to half of Australian investment professionals think AI is a bigger opportunity than the internet, according to a Natixis Investment Managers global survey.
February 08, 2024
Aware Super appoints COO in executive team shake-up
Aware Super has reorganised its executive team, appointing HESTA chief financial officer Sally Collins as chief operating officer with an expanded remit.
February 07, 2024
Novigi acquires QMV Solutions
Novigi has completed its acquisition of QMV Solutions, an advice, data and technology business.
February 07, 2024
PIFA launches independent advice week
The Profession of Independent Financial Advisers has launched Independent Financial Advice Week, an event designed to facilitate public access to financial advice.
February 07, 2024
Aged care, super and tax cuts tipped to be key client queries
The implications of changes in the law to aged care services, superannuation contribution strategies, along with the stage three tax cuts that will implemented this year, are among what two technical experts predict advisers will be asked most about in 2024.
February 07, 2024
