ASIC has confirmed the industry funding levy for the 2024–25 financial year and how much licensees can expect to pay. According to its annual Cost Recovery Implementation Statement (CRIS), ASIC said ...

“For many high-net-worth investors, a 10–20 per cent illiquidity bucket may be appropriate given their wealth, income and cash flow needs. Once the adviser has determined the illiquidity bucket, they ...

Rob Coombe, GDG chairman, said: “I am delighted to welcome Peter to GDG’s board and look forward to his wealth of experience and expertise complementing the company’s strategic objectives.” Last year, ...

ASIC is calling on licensees to review their client onboarding practices to avoid vulnerabilities associated with share sale fraud, noting particular vulnerabilities which use white labelling services ...

Evidentia Group has hired a head of quantitative investments who joins the investment firm from AMP. Pierre-Hedzer Marchi was previously the head of quantitative research at AMP, a role he began in ...

Just days after the last of its advisers officially exited the FAR, ASIC announced it has cancelled the licence of an AFSL caught up in the Shield and First Guardian collapses. ASIC has cancelled the ...

In this week’s episode of Relative Return Insider, hosts Maja Garaca Djurdjevic and Keith Ford discuss a busy week of announcements from ASIC, with submissions to its public and private markets paper ...

Padua Solutions has poached an individual from Colonial First State to take on a newly created role focused on overseeing its technical capabilities. Previously with CFS, Dimitri Diamantes has been ...

Chris Hill, national manager of strategic relationships at AUSIEX, said: “While traditional ETFs that track indices still dominate the market, equal weighted ETFs offer a way to dilute the influence ...

BT has appointed global fund manager Wellington Management to launch the Global Opportunistic Value Fund for Australian financial advisers. The global equities contrarian value fund is described as an ...

Richard Quin, founder and chief investment officer, said: “We are pleased to welcome René and Joshua to the Bentham team at a time when investor demand for sophisticated credit solutions continues to ...

Earlier this month, L1 Capital indicated it opposes a plan by Platinum to merge a listed investment company into an ETF. In the case of the Platinum Capital LIC, which is due to be merged into the ...