The levy payable by financial advisers for the Compensation Scheme of Last Resort (CSLR) has more than tripled for FY26 as the government launches a formal review. Initial estimates put the FY26 levy ...

According to the Melbourne-based asset manager, she has been instrumental in the evolution of the business, particularly in 2020 when K2 sought to diversify revenue streams to drive a return to ...

Australian advised clients are the most eager among global peers to invest in private markets, with their knowledge of the asset class also being higher. The investment firm’s annual Global Private ...

Magellan has announced a raft of management changes including the departure of head of investments Gerald Stack after 18 years. In an ASX update, the fund manager announced a series of executive ...

Managed investment platform DomaCom has strengthened its leadership capability with a flurry of executive hires and internal promotions. According to DomaCom, the numerous appointments will drive the ...

Endeavor Asset Management has added 24 financial advisers to its AFSL, with overall adviser numbers rising by more than a dozen this week. In the week ending 30 January, Wealth Data recorded a net ...

Iress has announced several appointments in its APAC wealth propositions team. The software provider confirmed that it has expanded the team with a number of newly created roles, focusing on executing ...

The emergence of DeepSeek, a Chinese artificial intelligence (AI) start-up that claims to have built an advanced large language model in just two months for under US$6 million, sent shockwaves through ...

The Australian Financial Complaints Authority (AFCA) has confirmed its chief operating officer, Justin Untersteiner, will be departing in March. Untersteiner first joined AFCA as its COO in December ...

The financial advice industry has reacted to the retirement of Stephen Jones as minister for financial services, recognising his efforts on scams and financial reforms. It was announced on 30 January ...

Perpetual has fallen back into outflows in the second quarter of FY25, with redemptions concentrated in J O Hambro and Pendal. In its quarterly update for the three months to 31 December, the fund ...

Franklin Templeton is to get rid of its Martin Currie branding and fold them into the wider Franklin Templeton Group. The firm acquired the global equity player in 2020 as part of its acquisition of ...