MA Moelis expands equity research team
MA Moelis Australia has appointed Paul Hissey and Tom Tweedie as executive director and vice president of its equity research team, respectively.
July 14, 2023
Where’s the conflict? Smaller AFSLs believe there is none
Less than a quarter of smaller licensees believe they have any conflicts of interests, according to research from Holley Nethercote. The results are completely inverse for larger licensees with just over a quarter believing they don’t.
July 13, 2023
Advisers push minister on ASIC levy
The advice industry has pushed back on the new levy imposed by the corporate regulator – but with advice practices reporting large profit margins and the expectation the QAR “quick wins” will help boost client loads – the complaints may fall on deaf ears.
July 13, 2023
Australian ETF industry breaks $150b barrier
The Australian ETF industry reached $150 billion in funds under management during June 2023, according to analysis of security exchanges ASX and CBOE by Betashares.
July 13, 2023
Business is booming: Near-50pc gains in advice revenue
Advice practices have added an average of $500,000 in revenue over the past two years, but there is a sizable gap in profitability between the best-performing and the average advice practice.
July 12, 2023
‘Missing an opportunity’: Teal independent in affordable advice push
The Quality of Advice Review’s controversial recommendation to encourage banks to give more financial advice may have found a powerful new ally, as independent MP Allegra Spender grills NAB chief executive Ross McEwan about whether the big banks could or should do more.
July 12, 2023
Praemium appoints governance & risk lead, completes executive refresh
Adviser platform Praemium has appointed Rachel Axton as chief governance and risk officer, completing the refresh of the executive team.
July 12, 2023
Sequoia adds professional services firms in $3.15m deal
In a boost to its licensee services, Sequoia Financial Group has signed a heads of agreement to acquire and merge the businesses of Castle Corporate and Castle Legal.
July 12, 2023
ASFA urges closure of retirement savings gender gap
Peak body ASFA is calling for the government to close the gap in retirement savings between women and men.
July 12, 2023
Mason Stevens appoints Toussaint as CFO
Specialist wealth platform provider Mason Stevens has appointed Laurent Toussaint as chief financial officer.
July 12, 2023
Global equity funds most popular Australian launches
Global equities are the go-to choices for Australian investors, capturing a 22 per cent slice of the pie in the latest 100 funds launched by Equity Trustees.
July 12, 2023
