ASIC issued infringement notices to three AFSLs in February whose financial advisers provided personal advice to a retail client while unregistered. Australian Advice Network Pty Ltd, IA Advice Pty ...

The Financial Services and Credit Panel (FSCP) has made a written direction after an adviser gave incorrect advice regarding non-concessional contributions. The individual, identified as Mr U, gave ...

Platinum Asset Management has rejected a bid from PM Capital to acquire its two listed investment companies (LICs). At the end of February, PM Capital stated it had made a non-binding, indicative ...

Despite nearly four in 10 investors holding cryptocurrency, three of Australia’s largest financial advice groups do not offer advice on such products. Findings from CoreData recently uncovered that ...

Active ETFs are gaining traction in Asia-Pacific as wealth managers seek to blend the low-cost fees of passive with active management. According to the latest global Natixis Wealth Industry survey, 92 ...

Holding portfolios that are too complex can be a detractor for acquirers of financial advice firms as they require too much effort to maintain post-acquisition. Speaking on a webinar, Mitch Ramsbotham ...

Global X’s third gold-focused exchange-traded fund (ETF) in Australia has hit the ASX for advisers and investors seeking an alternative way to access the commodity. The Global X Gold Bullion (Currency ...

Quarterly Wealth Data analysis has uncovered positive improvements in financial adviser numbers compared with losses in the prior corresponding period. The first three months of the 2025 calendar year ...

ASIC was active in the first quarter of 2025 with several financial adviser bannings and serious court action. Alongside the corporate watchdog, the Financial Services and Credit Panel (FSCP) – which ...

The Australian Financial Complaints Authority (AFCA) has confirmed United Global Capital’s (UGC) membership will not be extended to accept further complaints, avoiding a repeat of the Dixon Advisory ...

ASIC has released the latest financial adviser exam results with the first exam of 2025 seeing a strong start in passes. In the March exam, held on 6 March, some 241 candidates sat the exam and 73 per ...

An Adelaide-based financial planning and accounting firm is set to merge into Count Adelaide. In an ASX announcement, Count confirmed that Johnston Grocke has entered into a binding transaction to ...