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 ...

Traditional relationships between advisers and business development managers (BDMs) are evolving, with the expectations for them to provide meaningful guidance to the advice practice. According to ...

Padua Solutions has poached an individual from Colonial First State to take on a newly created role focused on overseeing its technical capabilities. Previously with CFS, Dimitri Diamantes has been ...

In US dollar terms, Australia counts 1.9 million millionaires and is ranked eighth in UBS’ millionaire index. One in 10 people are a millionaire in USD terms, it said, alongside Hong Kong SAR, the US ...

BlackRock has opted to reduce exposure to Australian equities in its model portfolios, taking profits after strong ASX performance year-to-date. In a market note, the wealth management giant said it ...

Since the start of 2025, this model is down by 53 advisers compared to gains of 77 by holistic business models focused on financial planning. This model is one that has affected Count since its ...

Rob Coombe, GDG chairman, said: “I am delighted to welcome Peter to GDG’s board and look forward to his wealth of experience and expertise complementing the company’s strategic objectives.” Last year, ...

The development of semi-liquid private equity funds is providing a way for wealth managers to get easy access to the asset class, according to a panel. Semi-liquid funds are those which offer a ...

In this week’s episode of Relative Return Insider, Professor Robert Brooks of Monash Business School joins the show to unpack the economic and market implications of rising tensions between Israel and ...

Wealth managers who lack expertise in alternatives could find themselves at risk of losing clients, according to iCapital, with a shift towards evergreen funds at play in asset allocation. The firm’s ...

International advice group Findex has a newly created senior role to spearhead its M&A and growth operations across Australia and New Zealand. The firm announced the appointment of Brent Matuschka as ...