Industry Updates

Challenge identifies Australia’s best financial planning students

Three Deakin University students have won the 2023 AMP University Challenge. The competition put participants through a series of tests, including a mock interview with an unexpected twist. It proved challenging, but the students embraced the opportunity to test their skills beyond academia.

Minchin Moore appoints former Morningstar MD

Independent private wealth firm Minchin Moore has appointed former Morningstar Australia and New Zealand managing director Jamie Wickham to its team. 

Betashares launches new investing platform

ETF manager Betashares has launched Betashares Direct, a platform with zero brokerage fees for self-directed retail investors looking to invest in any ETF on the ASX.

Fidelity launches global long-short fund in Australia

Fidelity International has launched the Fidelity Global Long Short Fund in Australia.

The advice entrepreneurs harnessing technology to serve more clients

A growing number of financial advisers are deviating from the traditional path of back-to-back client meetings and instead harnessing technology to serve clients and to make advice more affordable and accessible.

Fintech’s talent raid on Vanguard, Hub24 shows its wealth platform goals

Share-trading fintech Superhero has hired three senior executives from across the wealth management industry, recruiting talent from big-name rivals. The raid sends a message that it is serious about transforming from a discount broker to Millennial and Gen Z investors into a player in the $3.3 trillion superannuation system.

Federal Court finds Diversa did not breach law

The Federal Court has found that Diversa Trustees did not fail to act efficiently, honestly, and fairly or fail to take reasonable steps to ensure its representatives complied with financial services laws. 

Equity Trustees appointed to Wilson Asset Management Leaders Fund

Investment manager Wilson Asset Management has appointed Equity Trustees as responsible entity for the Wilson Asset Management Leaders Fund. 

Ares Management Corporation appoints Ares Credit Group partner

Ares Management Corporation has appointed Will Farrant as a partner in the Ares Credit Group. 

Industry veteran Melinda Howes to steer AMP’s super strategy

Experienced super industry leader Melinda Howes has joined AMP as its group executive for superannuation and investments.

Capital Group appoints head of institutional for Asia and EACG

Investment company Capital Group has appointed Benno Klingenberg-Timm as head of institutional for Asia and Europe Client Group (EACG).

Morningstar appoints Mark Hoven

Morningstar has appointed former Adviser Ratings CEO Mark Hoven as senior vice president of enterprise sales.

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