Equity Trustees responds to GAM suspensionBY JAMIE WILLIAMSON | TUESDAY, 7 AUG 2018 11:45AMEquity Trustees halted applications into and redemptions from two GAM Investments funds following the suspension of the global manager's fixed income investment director.
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The number of financial advisers in Australia appears to be stabilising at 15,602, as Count and AMP Financial Planning continue to hold the lion's share.
Praemium loses $700m due to adviser transitions
Praemium reported total net outfows from its Powerwrap scheme has reached $700 million over the past three quarters.
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Blumenthal is also banned from managing corporations for five years.
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