This compared to a decline during the previous month when FUM fell by $13.8 billion as the result of negative market movements. The industry reported net April flows of $5.4 billion and market ...

A Melbourne individual will serve at least three years in prison after obtaining almost $2 million from investors via unlicensed financial advice. Ashley Arandez of Hoppers Crossing, Victoria was ...

“The acquisition brings together two culturally aligned firms recognised for personal service, technical excellence and enduring client relationships, while enhancing Findex’s specialised expertise ...

Founded by longstanding colleagues David Odgers, Adrian Kerley and Stuart Wardman-Browne, the team has rebooted as a private markets investment firm managing $1.3 billion in assets. Odgers and Kerley ...

Expanding its distribution team, Centuria has hired Gracian Marando and Crystal Wang as senior members of its Sydney-based office to focus on serving the growing east coast private capital network of ...

Technology platform GBST has shared five ways the wealth management sector will be impacted by AI in the next two years. The firm said too much focus is being given to ways in which the sector could ...

A former United Global Capital (UGC) adviser who appealed to the Administrative Review Tribunal (ART) has seen his ban extended by an additional year. On 7 April, the Tribunal ruled to overturn a ...

The Reserve Bank of Australia (RBA) has made the decision to increase the cash rate by 25bps, bringing the official cash rate up to 3.85 per cent. While boding potential bad news for homeowners, the ...

The Financial Advice Association Australia (FAAA) has released its pre-budget submissions, outlining key measures that would provide necessary relief to the struggling industry. Ahead of the 2026-27 ...

The market itself also grew, with 71 new ETFs being launched over the last year with a net change of 56 ETFs after 15 funds closed during this period. The ETF industry overall now has some 453 ...

Retail private market exposure and high-pressure sales tactics are among ASIC’s regulatory priorities for 2026 as well as greater enforcement activity around insider trading. Highlighting its key ...

Platform provider Webull has launched a platform providing single-point market access for advisers as shifts in AI, regulatory changes and investor expectations are reshaping the wealth management ...