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.
October 24, 2023
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.
October 24, 2023
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.
October 24, 2023
Ares Management Corporation appoints Ares Credit Group partner
Ares Management Corporation has appointed Will Farrant as a partner in the Ares Credit Group.
October 24, 2023
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.
October 24, 2023
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).
October 24, 2023
What ASX financial results tell us about licensee dynamics
A review of the most recently published accounts of three listed financial advice licensees shows how the drive to share in the revenue and profit of advice businesses is working in practice, and why it’s an increasingly attractive approach to take for licensees.
October 23, 2023
AFCA making slow progress on review recommendations
AFCA has implemented only four out of 14 recommendations of an independent review of the disciplinary body undertaken by Treasury in 2021. Despite this, CEO David Locke says the body is gearing up for the launch of an online portal in 2023-24.
October 23, 2023
Former abrdn CEO joins consulting firm KONU
Brett Jollie has become been appointed as a partner of investment and wealth management consulting firm KONU.
October 23, 2023
Mota leaves a leadership vacuum in institutional advice
The baggage of the Hayne royal commission and slow pace of progress on the Quality of Advice review reforms arguably hindered Renato Mota’s bold plans to transform Insignia Financial’s fortunes. But the 47-year-old leader was one of the few listed company CEOs standing up for the value of advice on the national stage, and that forms a large part of his legacy.
October 20, 2023
