Platinum Asset Management has rejected a bid from PM Capital to acquire its two listed investment companies (LICs). At the end of February, PM Capital stated it had made a non-binding, indicative ...

First Sentier Investors is the latest investment manager to enter the ETF space, enabling financial advisers and investors to access an existing geared fund via an ETF structure. The global investment ...

The Financial Services and Credit Panel (FSCP) has made a written direction after an adviser gave incorrect advice regarding non-concessional contributions. The individual, identified as Mr U, gave ...

Global X has painted a worrying picture for active exchange-traded funds (ETFs) in Australia, with investor adoption proving uneven despite new launches. Global X’s recent ETF insight noted that while ...

The positive results of the latest financial adviser exam has helped the advice profession reach 15,600 yet again, according to Wealth Data analysis. Some 21 new entrants joined the industry over the ...

The failure of a clinical trial by biotech firm Opthea has caused shares in its backer Regal Partners to decline 52 per cent year-to-date, while funds under management (FUM) declined in the last ...

Australian Ethical Investment has welcomed an independent non-executive director to its board, who previously spent a decade as Colonial First State’s CEO. The ethical investment manager announced ...

ASIC issued infringement notices to three AFSLs in February whose financial advisers provided personal advice to a retail client while unregistered. Australian Advice Network Pty Ltd, IA Advice Pty ...

ASIC is seeking to publish firm-level data on the reportable situations and internal dispute resolution (IDR) regime, in hopes that advice licensees will “lift their game”. The corporate regulator has ...

One of Australia’s largest exchange-traded fund (ETF) products, the iShares S&P 500 ETF (IVV), lost over $300 million in outflows during March. The iShares S&P 500 ETF seeks to provide investors with ...

Fitzpatricks Group has appointed a head of product, who previously spent 20 years at Colonial First State (CFS), to bolster its range of investment options. Andrew Chapple has taken up the newly ...

Otivo is officially launching into the financial advice sector, offering up its services to practices as a means of engaging with the next generation of clients. After primarily working with ...