Down but not out: Top advisers adaptBY ELIZABETH MCARTHUR | MONDAY, 26 AUG 2019 12:29PM
Latest figures from ASIC's Financial Adviser Register (FAR) paint a telling picture of the state of Australia's financial advice sector, with close to 3000 advisers dropping out of the industry since February.
Read more: Westpac, ASIC, Ferguson Financial Planning, Multiforte Kate McCallum, AFA Inspire, Affinia, Alex Dunnin, Apogee, Commonwealth Financial Planning, Count Financial, CountPlus, FASEA, Garvan, Godfrey Pembroke, Jeff Thurecht, Lifespan, Meritum, MLC Wealth, Paragem, Royal Commission, Securitor, Tracey Ferguson, Viridian
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BT Financial Group has shut down a $670 million global property fund and a $293 million Asian shares fund, as it sees them unsuitable for retail investors.
Perpetual has confirmed the appointment of a head of risk, promoting from within to fill the newly created role.
A $5.6 billion industry superannuation fund is revamping its MySuper option, which will see default members' exposure to growth assets and fees rise.
A $486 billion global manager has hired Principal Global Investors Australia's institutional sales director for its Sydney office, as it looks to grow its business down under.
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