Investment research houses to merge

Two investment management research houses are set to merge, with Zenith Investment Partners announcing that it has entered into an agreement to purchase Chant West’s superannuation research and consultancy business. The deal,…

FASEA approves more courses

The Financial Adviser Standards and Ethics Authority (FASEA) has approved coursework from two industry association and two university bridging courses, in the latest update of its list of approved courses. As part…

People: ABA appoints compliance head

The Australian Banking Association has announced the appointment of Ian Govey as chair of the Banking Code Compliance Committee (BCCC). BCCC is the independent body that monitors and enforces the new Banking…

Choosing a brand for the future

As a business evolves, one of the issues it must deal with is whether its branding adequately reflects product and service expansion over time. This is a question we have had to…

ASIC gets a bigger sandbox

The Australian Securities and Investments Commission will have greater flexibility in its administration of the fintech sandbox regulatory licensing exemption, following the passage of legislation last week. The regulatory sandbox is designed…

360 Capital on a roll

360 Capital Group has entered into a binding agreement to acquire Ralton Asset Management, a managed accounts specialist. It is one of several deals the increasingly active investment company has done in…

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Industry pushes back against latest financial services reforms

Proposed annual fee renewal arrangements, the disclosure of “lack of independence” and a deferred sales model for add-on insurance are the most controversial aspects of a raft of changes to financial services law introduced in a draft bill last week…

Meet the face of millennial female financial advice

Victoria Devine used to talk about finance with her friends over brunch, without skimping on smashed avocado. Now she is paving the way to the future of financial advice by starting these same conversations amongst a much larger audience. Devine…

FASEA expands education programs

FASEA has expanded the list of approved education programs and courses available to existing advisers and new entrants to the industry. FASEA has released the 2020 legislative instrument and explanatory statement for its relevant providers, degrees, qualifications and course standards.…

People: Australian Ethical picks its new CEO

Australian Ethical Investment has announced the appointment of John McMurdo as chief executive. He was most recently group managing director of Fitzpatrick Financial Group and prior to that was chief executive of Centric Wealth Management and managing director of Hillross…

Changing ETF landscape in 2020

The ETF landscape continues to rapidly expand beyond the replication of major stock market indices such as the S&P/ASX 200 and S&P 500. Today’s investor can choose ETFs across different sectors, based on certain themes or even offering alternative weighting…

Sub-scale ETFs miss the cut

BlackRock Investment Management is continuing to cull its portfolio of local exchange traded funds, announcing that it is terminating the iShares MSCI Taiwan ETF. BlackRock closed five iShares ETFs in 2018, including Singapore, Hong Kong and BRIC equity index funds.…

Advisers to prove value with new tool

Financial advisers can tap into the specific needs, motivations and preferred interactions of potential clients by categorising them into four groups. Fidelity International’s latest report in conjunction with CoreData, The Value of Advice, reveals a ‘navigation style’ tool to assist…