Industry Updates

Talaria appoints Elizabeth Ninness as COO

Talaria Asset Management has appointed Elizabeth Ninness as chief operating officer, replacing Rhys Cahill, who held the position since November 2020.

Jump in proportion of advisers switching licensees

Against the backdrop of a shrinking industry, fewer advisers switched licensees last year, but the proportion of those doing so increased according to data from Adviser Ratings and Wealth Data.

‘We are going to need your vote’: FPA chair pushes for turnout

The biggest professional bodies will head to the polls next month to vote on merging. The chair of the FPA is continuing to assure members of both associations a merger is in the best interest of the advice profession.

‘We see Australia being the lucky country again in 2023’: VanEck

According to the latest VanEck Australian Investor Survey, Australian equities are the preferred investment destinations in 2023, with 70 per cent of investors planning to start or increase their allocation.

A rising tide of capital won’t float all boats

Investment in financial advice practices will target those businesses led by individuals who have a plan and a vision, and a clear desire to build something that lasts.

‘Most concentrated on record’: Top 2 providers dominate ETF inflows

Just two ETF providers dominated inflows last year, accounting for over 90 per cent. Investors still prefer passive strategies despite more active ETFs coming into the market.

Pendal shares to be suspended following legal approval of acquisition

Pendal shares will be suspended from the ASX after the NSW Supreme Court approved the fund managers acquisition by Perpetual.

Bennelong appoints new global CEO

Bennelong Funds Management has appointed John Burke as its new global CEO.

‘Evolution, not a revolution’: Best practice for digitising advice practices

Cybersecurity became one of the biggest issues for advice practices in 2022 due to issues in and outside the profession. Advisers have heard plenty about the negative consequences, but BT chief information officer Richard Holmes outlines three steps practices can take for best practice for digitisation.

ASIC exam cost rises to $1500

After only being $597 when it commenced in 2019 under FASEA, the cost of the ASIC exam has risen to $1500 in just under four years.

ETFs see positive flows in 2022 while managed funds struggle

The Australian ETF industry received $13.5 billion of net inflows, outdoing the Australian managed funds industry, according to data from ETF provider BetaShares.

TAL launches 2022 SpotChecker program, reiterating value of preventative skin safety

Life insurer TAL has launched the seventh annual iteration of its SpotChecker program to promote the importance of skin safety, preventative health screening, and early detection for overall health and well-being.

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