Industry Updates

Advice key to financial well-being: CFS research

Most Australians do not feel positive about their financial future and lack confidence when making decisions about their superannuation, according to the latest research from Colonial First State. 

Viridian launches Infinity Capital Solutions

Viridian Financial Group has launched managed accounts service Infinity Capital Solutions.

AZ NGA-backed firms merge to create multi-disciplinary practice

AZ NGA-backed advice firms Priority Advisory Group and Wise Planners will merge to form a large multi-disciplinary professional services firm specialising in wealth management, retirement planning, aged care, life risk insurance, and workplace financial advice.

Super funds encounter mild challenges in August

Superannuation funds saw modest returns in August, with the median balanced option experiencing a slight decline of -0.1 per cent, according to SuperRatings.

HESTA appoints portfolio design head

Industry fund HESTA has appointed Dianne Sandoval as its head of portfolio design, responsible for the research and asset allocation processes to reach investment objectives.

New Quantum Holdings concludes Morrison Securities acquisition

Technology company New Quantum Holdings has recently concluded the last tranche of its $40.5 million acquisition of 80 per cent of equities clearing business Morrison Securities, from Sequoia Financial Group.

AustralianSuper invests $2.5b Vantage EMEA

Industry super fund AustralianSuper has invested $2.5 billion in Vantage Data Centers EMEA through a partnership with digital infrastructure firm DigitalBridge Group, making them key shareholders in the company.

Funds SA appoints CEO

South Australian government-owned investment corporation Funds SA has appointed its chief operating officer John Piteo as CEO following an extensive search process. 

SuperConcepts appoints GM of quality & tech services

SuperConcepts has appointed Craig Stone as general manager of quality and technical services. 

Elixir launches practice management research

Elixir Consulting is launching a practice management research study to uncover practical techniques that can redefine efficiency and productivity norms within the industry, and ultimately improve the impact advice firms have on their clients and staff.

Former van Eyk CEO banned by ASIC

ASIC has permanently banned former van Eyk Research CEO Mark Thomas from any involvement in financial services or credit provision following his conviction for dishonest conduct.

hmh Advisory partners with OpenInvest

Accounting and financial services firm hmh Advisory (formerly Haines Muir Hill) has partnered with OpenInvest to launch hmh onlineinvest.

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