Industry Updates

Court rules Block Earner crypto product needs AFSL

Fintech company Block Earner has been found by the federal court to have engaged in unlicensed financial services conduct when offering its crypto-backed Earner product. 

Advisers are buying more ETFs, especially for younger clients: AUSIEX

More financial advisers are favouring low-cost ETFs, with nearly a third (31 per cent) of their buying volumes directed to ETFs in 2023, according to trading platform AUSIEX. 

Kiwi sovereign wealth fund closes in on NZ$70b mark

Kiwi sovereign wealth fund NZ Super is edging close to NZ$70 billion ($65 billion) in total assets, ending the calendar year with 16.03 per cent pre-tax return.  

J.P. Morgan launches adviser portal in Australia

J.P. Morgan Asset Management has launched its adviser portal in the Australian market.  

BlackRock names head of Australia

BlackRock has appointed Jason Collins as head of Australia, reporting to Andrew Landman who was appointed deputy head of APAC, head of Southeast Asia and Oceania, and head of APAC wealth last month. 

AI a bigger opportunity than the internet: Fund manager survey

Close to half of Australian investment professionals think AI is a bigger opportunity than the internet, according to a Natixis Investment Managers global survey. 

Aware Super appoints COO in executive team shake-up

Aware Super has reorganised its executive team, appointing HESTA chief financial officer Sally Collins as chief operating officer with an expanded remit.  

Novigi acquires QMV Solutions

Novigi has completed its acquisition of QMV Solutions, an advice, data and technology business.

PIFA launches independent advice week

The Profession of Independent Financial Advisers has launched Independent Financial Advice Week, an event designed to facilitate public access to financial advice.  

Count firm acquires Victorian firm’s accounting client book

Count has acquired the accounting client book of Melbourne-based May Klye & Associates via member firm Bruce Edmunds & Associates. 

Advisory firm Morrows names new leadership team

Melbourne advisory firm Morrows has appointed a new executive leadership team. 

Almost half of Australians worried about financial stability: Research

Amid uncertainties, Australians are worried about their financial situation and looking out for their family in case of unexpected events, according to report from life insurer NobleOak. 

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