Laura Dew

1 week ago | moneymanagement.com.au | Laura Dew

Net cash flow on AMP’s platforms saw a substantial jump in the last quarter to $740 million as a result of the firm seeking to make North a preferred platform for financial advisers. In its results for the three months to 31 March, net cash flows (excluding pension payments) on its platforms were $740 million, a substantial jump of 268 per cent from $201 million a year ago.

1 week ago | moneymanagement.com.au | Laura Dew

Individuals lent as much as $1.1 million to former financial adviser, Anthony Del Vecchio, which was then used to fuel his gambling habit and only learnt of the fraud when they contacted his employer. Del Vecchio pleaded guilty in the County Court of Victoria to 24 charges of obtaining financial advantage by deception and was sentenced to seven years and six months’ imprisonment on 16 April 2025.

1 week ago | moneymanagement.com.au | Laura Dew

A former financial adviser has been sentenced after stealing $4.4 million from clients, family and friends to feed his gambling addiction. Anthony Del Vecchio pled guilty to 24 charges of obtaining financial advantage by deception. He was employed as an adviser at Freedom Finance Australia from November 2016 until October 2023 when his employment was terminated.

1 week ago | moneymanagement.com.au | Laura Dew

Despite reporting strong quarterly results, Morningstar forecasts initial tailwinds benefiting HUB24 in recent years are likely to fall away in the next financial year. Earlier this week, the platform announced quarterly net inflows for the three months to 31 March of $4.9 billion, up 39 per cent on the prior corresponding period, with $1.3 billion coming from a large migration. Platform funds under administration (FUA) was $102.5 billion, an increase of 29 per cent from the FY24 March quarter.

1 week ago | ifa.com.au | Laura Dew |Keith Ford

Anthony Del Vecchio pleaded guilty to 24 charges of obtaining financial advantage by deception in March, resulting in the County Court of Victoria handing down a sentence on Wednesday of seven years and six months’ imprisonment with a non-parole period of four years. He was employed as an adviser at Freedom Finance Australia from November 2016 until October 2023 when his employment was terminated.