Industry Updates

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.

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.

Mason Stevens appoints Toussaint as CFO

Specialist wealth platform provider Mason Stevens has appointed Laurent Toussaint as chief financial officer. 

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.

Managed funds experience $2.8b outflows

Managed equity funds have seen the worst quarter in five years, with outflows across all fund types totalling a net $2.80 billion in Q2, according to the latest Fund Flow Index from global funds network Calastone.

State Street appoints global sustainability head

State Street Corporation has appointed executive vice president Jessica Donohue as head of global investment insights, sustainability, and impact; replacing Rick Lacaille, who announced his retirement earlier this year.

AZ NGA bolsters legal and M&A teams

AZ Next Generation Advisory has appointed Andrew Symes as general counsel and company secretary, and Yasemin Onat as head of mergers and acquisitions.

FAAA appoints marketing & communications manager

The Financial Advice Association has appointed Ben Rutherford as marketing and communications manager.

Super funds return median 8.5pc in FY23

The median balanced option returned 1.2 per cent in June, bringing the annual return to 8.5 per cent for the year to 30 June 2023, according to research house SuperRatings.

Young Australians ‘unrealistic and confused’ about retirement

Australians aged under 35 years old are more “unrealistic and confused” about their retirement future than older generations, according to research from Aware Super.

AustralianSuper pinches Paula Benson from IFM

AustralianSuper has appointed Paula Benson as chief officer of strategy and corporate affairs. 

Ignition nabs Mason Stevens CTO

Ignition Advice has appointed Masons Stevens chief technology officer Enda Mahoney to lead the digital advice firm’s platform and product division.

Previous Next