After years of relatively low rates of disciplinary action against advisers, 2025 recorded a spike in activity that put it within spitting distance of the 2019 post-royal commission high. Reflecting ...
AMP has reported a 11.3 per cent fall in statutory net profit after tax (NPAT) from $150 million to $133 million in FY25, reflecting settlement of legacy actions and business simplification. Total ...
Australia’s two major ETF providers, Vanguard and Betashares, were neck and neck for January flows, capturing nearly 60 per cent of the market share for the month. According to Betashares January ETF ...
Schroders is to be acquired by Nuveen, creating a global fund manager with almost US$2.5 trillion in assets under management (AUM). The acquisition is notable for Schroders as it ends 220 years of ...
Total assets under management (AUM) were up 9 per cent during the 12-month period to 31 December from $148.4 billion to $161.7 billion thanks to positive market movements and cashflow but statutory ...
ASIC has banned a former Melbourne-based MWL adviser for inappropriate advice, the latest in several Shield-related bannings by the regulator. Neil McPherson was banned from providing financial ...
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