ASIC has banned Melbourne-based financial adviser Wade Lance Spooner for eight years over inappropriate advice related to Shield Master Fund. Spooner, who had been authorised by MWL since May 2021, is ...

A fourth private credit fund has received interim stop orders from ASIC following the regulator’s surveillance. Two share classes for the TruePillars Investment Fund, a registered managed fund run by ...

With the creation of mega advice firms fuelled by private equity, advisers are finding themselves under pressure to hit targets and achieve growth. Speaking on a Netwealth podcast, Michael Goodman, ...

While efficiency remains a top priority for Australian advisers, State Street’s Model portfolios and the evolution of advice report has revealed that the profession is now juggling this desire with ...

Advised investors switched out some of their blue-chip stocks for ETFs in September, according to the latest AUSIEX trading data. The monthly statistics showed that Betashares US Equities Strong Bear ...

The Reserve Bank of Australia (RBA) has announced it will hold the official cash rate, leaving it at 3.6 per cent, in a move largely expected by market analysts. Prior to the decision, economists at ...

There may be growing interest in private markets, but a survey by advice firm Apt Wealth Partners has found even high-net-worth (HNW) investors lack sufficient knowledge of their complexities. The ...

Centuria Capital Group has appointed Dani Dy as a distribution manager for Queensland, responsible for promoting the firm’s investment bonds through intermediary channels. She joins from Futurity ...

AMP has settled on two court proceedings: one class action which affected superannuation members and a second regarding insurer policies. In two separate ASX announcements on 15 September, the firm ...

While the profession continues to see consolidation at the top, a new report from Adviser Ratings has compared the business model of Insignia and Entireti and how they are shaping the professional ...

Regal chief investment officer Phil King will step down from listed investment company VGI Partners Global Investments (VG1) after the LIC reported a loss of $17.6 million for FY25. VGI Partners is a ...

Wealth Architects has acquired a Cairns-based advice practice as it seeks to expand its national advice presence. The Brisbane-based company has acquired 100 per cent of Fiducia Private Wealth ...