Institutions suffer financial adviser drain

Sequoia is trying its hand at selling InterPrac Financial Planning again after its first sale attempt to Conquest Investment Management was left in the air.

The new managing director will be based in Sydney and joins American Century from Dimensional Fund Advisors.

Commonwealth Superannuation Corporation, the super fund for public servants and the defence force, has signed a Memorandum of Understanding with Northern Trust to advance digital investment infrastructure across institutional markets.

Vanguard has launched an Australian floating rate bond index strategy, available through both an ETF and a managed fund format.