Jasmine Siljic

2 weeks ago | ifa.com.au | Shy-ann Arkinstall |Jasmine Siljic

Some 21 new entrants joined the industry over the week ending 10 April, leading to a double-digit growth of 24 advisers on the Financial Advisers Register (FAR) and bringing overall numbers to 15,600. Wealth Data attributed the strong surge in new advisers to the results of ASIC’s recent adviser exam held on 6 March. Some 241 candidates sat the exam and 73 per cent of them passed.

2 weeks ago | ifa.com.au | Shy-ann Arkinstall |Jasmine Siljic

In the three months to 31 March 2025, the wealth management platform’s funds under administration (FUA) rose $2.5 billion – or 2.5 per cent – from $101.6 billion in the previous quarter to $104.1 billion. This included FUA net flows of $3.5 billion, down 22 per cent from net flows of $4.5 billion in the December quarter, which were offset by negative market movements of $1 billion.

2 weeks ago | ifa.com.au | Shy-ann Arkinstall |Jasmine Siljic

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 Ltd and Sherrin Partners Services Pty Ltd each paid an infringement notice penalty of $31,300 on 5 March 2025, 21 March 2025 and 24 March 2025, respectively. However, payment of an infringement notice is not an admission of guilt or liability, ASIC said.

2 weeks ago | investordaily.com.au | Jasmine Siljic |Jessica Penny

09 April 2025 02:35 PM By Jasmine Siljic 5 minute read Facebook X LinkedIn Copy link 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 created position at the private wealth firm as it doubles down on strengthening its range of investment products and services for financial advisers and their clients.

2 weeks ago | investordaily.com.au | Jasmine Siljic |Jessica Penny

09 April 2025 10:34 AM By Jasmine Siljic 5 minute read Facebook X LinkedIn Copy link PGIM Fixed Income has created a new head of asset-based finance role amid the rising client demand for asset-based financing and tailored investment solutions. The US$837 billion ($1.4 trillion) fixed income manager has welcomed Oliver Nisenson as head of asset-based finance (ABF), effective on 15 May 2025.