ASIC has confirmed the industry funding levy for the 2024–25 financial year and how much licensees can expect to pay. According to its annual Cost Recovery Implementation Statement (CRIS), ASIC said ...

Justice Horan said Fuoco’s conduct was the ‘most serious incident of contempt of court in recent years’ and that his actions ‘amounted to a premediated, persistent and wilful defiance’ of the Court’s ...

At the 2024 summit attendees experienced a groundbreaking one-day conference that navigated the intricate landscape of domestic and global economic affairs, setting the stage for transformative change ...

As market conditions remain unpredictable and traditional asset classes face pressure from macroeconomic uncertainty, the Australian Wealth Management Summit returns in 2025 to examine the rising role ...

AMP has announced it will be selling its advice licensees and self-licensed offering Jigsaw for $10.2 million. Entireti, which was formed as a parent company of Fortnum Private Wealth and Professional ...

An artificial intelligence (AI) tool designed to shake up traditional financial advice business models has launched to the public. Last November, Money Management covered the announcement of a new AI ...

A financial advice firm has seen a weekly decline of 10 advisers, with all moving to a new licensee, while Centrepoint Alliance continues its “growth story”. Wealth Data has reported a loss of 10 ...

The role of responsible managers, according to ASIC’s RG 105, is to be directly responsible for significant day-to-day decisions about the ongoing provisions of financial services by the firm, and ...

Commenting on the CFA’s decision, Tony Adams, head of sustainable investment research at Lonsec, said the research house is seeing an increasing renaming of funds and activities. “While this is, in ...

“For many high-net-worth investors, a 10–20 per cent illiquidity bucket may be appropriate given their wealth, income and cash flow needs. Once the adviser has determined the illiquidity bucket, they ...

Melbourne-based funds management firm Spatium Capital and Singapore-based Conduit Group have announced consolidation plans to expand their collaboration across distribution and markets. According to ...

“As part of the transaction, we purchased PSC Life from Envest, and will merge this highly complementary business into Wealth Architects.” Wealth Architects has been very active on the financial ...