Industry Updates

Australian dividends slump in Q3

Australian dividends have declined 13 per cent in underlying total payouts this quarter because of global sector trends played out in the country’s dividend landscape, according to analysis from Janus Henderson.

Fogarty to depart Fitzpatricks Private Wealth

Fitzpatricks Private Wealth chief executive Matt Fogarty has stepped down as head of the company and will be replaced in the interim by Jasia Fabig.

Don’t mention the war: Vanguard’s super move is a challenge to advisers and industry funds

Vanguard’s entry to the superannuation market challenges industry funds, and also strips away the objections advisers have had in dealing with that sector of the market.

Schroders announces leadership changes in Asia Pacific

Schroders CEO of Asia Pacific Susan Soh will retire at the end of this year.

‘Wingman support’: Knowledge Shop looks to reduce adviser woes

Diverger’s education brand has launched a technical support platform, targeting small businesses that need extra technical support.

Peter Warne will join UniSuper

Former Macquarie Bank chair Peter Warne will join UniSuper as an independent non-executive director in January 2023. 

Spirit Super chair retires

Spirit Super chair Naomi Edwards is retiring on November 30 after 11 years in the role.

First Sentier Investors achieves B Corporation certification

Global investment manager First Sentier Investors (FSI) has obtained its certification as a B Corporation (B Corp) for meeting high social and environmental performance standards, transparency, and accountability.

Columbia Threadneedle appoints new head of wholesale

Global asset manager Columbia Threadneedle Investments has appointed Chris King as the new head of wholesale.

The unlikely recruiting pool Ensombl sees for advice

XY Adviser has changed its name to Ensombl as part of its global growth plan, but still has unfinished business on its home turf. The advice social media platform continues to be dedicated to building the profession in Australia and has its eye on an unlikely talent pool to recruit new entrants.

Insignia unveils new look and fee structure for Expand

Part of the simplification program for its platform, Insignia Financial has finished enhancements to its Expand wrap product line which includes a new fee structure.

ASIC accepts court enforceable undertakings from financial advisory firm accused of not producing SOAs

ASIC has accepted a court enforceable undertaking from the financial advisory firm Lasarith, trading as ‘Succession Matters’, and its sole director and responsible manager, Adam Smith, after an investigation was launched over concerns Statements of Advice were not being provided to clients.

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