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| | | James Mawhinney's Mayfair 101 Group has been ordered to pay a combined penalty of $30 million for misleading advertising. In handing down the decision, Justice Anderson said the increased penalties were appropriate, noting that those sought by ASIC ... |
| | | | Financial advisers who failed the mandatory examination multiple times are slamming FASEA's feedback process, claiming it is inconsistent and fails to help them stay in the industry. As the failure rate continues to balloon, advisers making genuine ... |
| | | | Morningstar cut its fair value estimate for narrow-moat Magellan Financial Group by 25% to $38 per share, after the fund manager lost a major mandate. That's according to a note from analyst Shaun Ler, who said the impact of St James' Place (SJP) cutting ... |
| | | | Magellan Financial Group has lost a key mandate from UK wealth manager St James' Place. After requesting a trading halt Friday afternoon, this morning Magellan confirmed to the ASX that it had lost the mandate from St James' Place. The company's share ... |
| | | | The new fund is led by Patrick Hodgens, James Miller, and Justin Gray, who have worked together for more than 15 years running high conviction investment strategies. The Firetrail S3 Global Opportunities Fund aims to outperform the MSCI Global Index ... |
| | | | The financial advice industry lost more than 2200 advisers this year, marking an 11% year-on-year drop to 18,822. Rainmaker modelling of ASIC's Financial Adviser Register reveals that only 18,822 advisers are left as of yesterday, December 16. At ... |
| | | | Efforts to become more sustainable will challenge many firms and perhaps even bankrupt some, experts from MFS Investment Management have noted. In a new research note, MFS global investment strategist Robert Almeida and research analyst Robert Wilson ... |
| | | | Knight Frank has released its Outlook 2022 Report, which looks at its predictions and major themes driving the Australian property market next year. The report covers everything from the industrial, commercial, office and residential markets, as well ... |
| | | | Labor promises that superannuation will not be hotly contested in the upcoming federal election, vowing that if it comes to power in 2022 it will not introduce major changes. Shadow minister Stephen Jones pledged more stability and less uncertainty ... |
| | | | Colonial First State (CFS) has today launched two new geared index options through its $109 billion FirstChoice platform, giving investors leveraged exposure to local and global markets. The first passively managed geared investment options to be offered ... |
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