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1 week ago | 
ifa.com.au | Shy-ann Arkinstall |Jasmine Siljic
Responsible Investment Association Australasia (RIAA) research in 2024 discovered that 88 per cent of Australians expect their investments to be responsible and ethical, up from 83 per cent in 2022.
As the demand for responsible and ethical investment grows, Nanuk Asset Management noted the broad umbrella term “ESG” – an environmental, social, and governance framework – has been misunderstood by some investors.
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3 weeks ago | 
investordaily.com.au | Jessica Penny |Jasmine Siljic
24 April 2025 04:53 PM By Jessica Penny and Jasmine Siljic 6 minute read Facebook X LinkedIn Copy link According to a CIO, alternatives are “a game for the big”, with manager know-how key for strong returns. Alternatives are increasingly becoming a compelling addition to a traditional 60–40 portfolio, according to Lonsec Investment Solutions’ chief investment officer (CIO), Nathan Lim. But success depends on manager know-how, particularly in private assets.
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3 weeks ago | 
ifa.com.au | Shy-ann Arkinstall |Jasmine Siljic
Rose Partners announced the acquisition of MSI Taylor, an accounting and advisory practice with offices in Brisbane and Gold Coast.
This will see Rose Partners strengthen its presence on Australia’s east coast as it looks to become a national mid-tier firm. Through its purchase of MSI Taylor, Rose Partners will expand to eight partners and 75 employees.
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3 weeks ago | 
ifa.com.au | Shy-ann Arkinstall |Jasmine Siljic
In an ASX announcement, the investment manager saw its funds under management (FUM) fall by $5.9 billion, or 5 per cent, to $115.2 billion.
This was due to $3.7 billion in negative market movements, $1.9 billion in net outflows, and $300 million in client distributions. Net outflows included the derecognition of $800 million in FUM from Merlon Capital Partners.
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1 month 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.
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1 month 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.
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1 month 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.
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1 month 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.
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1 month 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.
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1 month ago | 
investordaily.com.au | Jasmine Siljic |Jessica Penny
01 April 2025 05:25 PM By Jasmine Siljic 4 minute read Facebook X LinkedIn Copy link Sydney-based private equity firm Adamantem has completed its acquisition of Mason Stevens. In a statement on Tuesday, Mason Stevens confirmed the acquisition, first announced in December, has now been completed.
