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Platinum announces strategic review
Platinum said following the review Platinum Capital and Platinum Asia Investments may be wound up.
Sequoia chief's job at stake in upcoming EGM
Sequoia Financial Group will hold an Extraordinary General Meeting (EGM) in June that will consider a resolution to remove chief executive and managing director Garry Crole.
Scott Farquhar steps down from Atlassian
After more than two decades at the helm, Scott Farquhar will step down as co-chief executive of Atlassian.
Goldman Sachs ditches robo-adviser Marcus Invest
The investment bank is offloading Marcus Invest to Betterment just three years after announcing it will launch the digital adviser.
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Why advisers should consider offering general insurance to HNW clients
I have read many articles over the years about servicing high-net-worth (HNW) clients in the financial services industry.
The role of AI in financial planning: Insights from the US
Ever since ChatGPT burst onto the scene late last year, generative AI has been front and centre of business discussions and financial planning, just like ...
Considerations when nominating a charity for your super upon death
There has been a lot of talk lately about the upcoming great wealth transfer, and you might be wondering where charities fit into all this.
The end of free money
With institutional investors prudently reassessing their risks in current market conditions and seeking safe havens in alternatives such as secured private ...
Featured Profile
Fiona Mann
HEAD OF LISTED EQUITIES AND ESG
BRIGHTER SUPER
BRIGHTER SUPER
Brighter Super head of listed equities and ESG Fiona Mann was shaped by a childhood steeped in military-like discipline and global nomadism. Andrew McKean writes.
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Maybe ASIC staff should have to complete an annual exam to see if they know how to do their jobs.
Maybe AISC should have another exam for Metcraft.
'r b' and 'Steve C' - WELL SAID!! - and nowhere near as silly or funny as it sounds. A bit of 'take your own medicine' won't hurt the 'ol ASIC methinks. Get them tested to see if they act "in the best interests" of those put in their charge! And do it every year and make sure everyone at ASIC does an online CPD to ensure we can be sure they haven't forgotten how to look after those they are supposed to.
Unbelievable that ASIC were allegedly negligent like this. This truly puts risk advisers sins out to pasture compared to the hurt ASIC has, by their alleged inaction, caused the poor unfortunate investors who trusted Storm.
If I had servants in my home this bad they'd be sacked on the spot. The heads at ASIC deserve all they might potentially get in a law suit. Leave the reputable advisers alone and fix your own house first before you puff out your chest and think you know what is best for our industry. Gooses!
Levitt's are hoping 3,000 ex Storm investors will contribute $2,000 each to finance the case. It's taken 5 years to get settlements from the banks and some victims are still waiting. Many Storm investors were retirees - how many will be alive at the end of another protracted court case?