| | FRIDAY, 20 APR 2018 12:33PMA $1.4 billion ETF manager believes growth in the sector will soar as the Royal Commission hears evidence on the conflicts of interest within vertically-integrated institutions.|
|Powerwrap has confirmed it recently completed a pre-IPO capital raise to the tune of $7.5 million.|
|Two Blue Sky funds have been rated "unapproved" and "low investment grade" by SQM Research after the manager conceded it had fallen short of shareholder expectations.|
|An investment management firm with $1.3 trillion in assets under management has entered negotiations to sell its fund distribution platform.|
|MFS Investment Management has pooled five of its top executives and a retired portfolio manager to form an advisory council that will consult and collaborate with the firm's investment team.|
|A $2 billion manager - which at one point had 22% of its total equities portfolio invested in beer stocks - sold off the last of its positions in the brewing industry as it sees valuations peaking.|
|A new investment manager launched by tech veterans is seeking to raise $30 million for one of Australia's first funds dedicated exclusively to cryptocurrency investments.|
|Colonial First State Global Asset Management will work towards an initial public offering and listing on the Australian Securities Exchange following a strategic review from its parent bank.|
|Saxo Capital Markets Australia has launched its new active trading platform that will let users trade over 35,000 financial instruments at no monthly fees and without expensive legacy hardware.|
|Vanguard will list its first active exchange-traded funds for Australian investors on the ASX tomorrow.|
In light of the Royal Commission, the Turnbull Government has increased criminal and civil penalties for corporate misconduct and boosted ASIC's surveillance powers.
Powerwrap has confirmed it recently completed a pre-IPO capital raise to the tune of $7.5 million.
Two Blue Sky funds have been rated "unapproved" and "low investment grade" by SQM Research after the manager conceded it had fallen short of shareholder expectations.
The financial advice industry is grappling with a sales culture mentality and is only at the "cusp" of being a "true profession," this morning's session of the Royal Commission has revealed.
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