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Only half of advice practices report positive earnings: Investment Trends

MATTHEW WAI  |  WEDNESDAY, 20 AUG 2025
The latest findings from Investment Trends reveal that only half of financial advice practices report positive momentum when it comes to profitability. The 2025 Adviser Business Model Report shows that profitability in the sector continues to improve ...

Future Fund taps AustralianSuper for property director

MATTHEW WAI  |  WEDNESDAY, 20 AUG 2025
... organisation." The announcement follows a slew of C-suite appointments in May, with Future Fund welcoming a new chief financial officer, chief risk officer and a chief people, culture and inclusion officer.

Euroz Hartleys in 'early stage' talks with big investor

KARREN VERGARA  |  WEDNESDAY, 20 AUG 2025
... discussions with the Bank of Montreal (BMO) for the latter to potentially make a strategic stake in the Perth-based financial services company. Addressing an AFR article published on August 19, which stated that the Canadian bank was shopping around ...

Australia emerges as managed accounts leader: Research

MATTHEW WAI  |  WEDNESDAY, 20 AUG 2025
A new Praemium study found that managed accounts are slowly becoming an essential tool for local financial advisers. According to the survey, 62% of financial advisers currently used managed accounts, an increase from about 59% earlier this year, and ...

Vinva, Barrenjoey buoy Magellan's earnings

KARREN VERGARA  |  WEDNESDAY, 20 AUG 2025
Vinva Investment Management and Barrenjoey Capital Partners helped bolster Magellan Financial Group's (MFG) earnings in the 2025 financial year, offsetting lukewarm performance in the investment management business. Vinva and Barrenjoey drove the 202% ...

Funds SA pushes for efficiencies with AI targets

JAMIE WILLIAMSON  |  TUESDAY, 19 AUG 2025
... AI strategy, aimed at boosting efficiencies and productivity within the organisation, chief executive John Piteo told Financial Standard. Code-named 'AI-forward', it's being led by executive director of data and technology Emma James, who also sits on ...

HUB24 reports record inflows, user growth

JAMIE WILLIAMSON  |  TUESDAY, 19 AUG 2025
... year. Of this, $112.7 billion is on the platform, though HUB24 said this has now increased to $118 billion. "Our strong financial performance during FY25 has delivered underlying group EBITDA of $162.4 million - up 38% and fully franked final dividend ...

ASIC turns spotlight on direct life sales

KARREN VERGARA  |  TUESDAY, 19 AUG 2025
... doubling since 2018. "There have also been concerning increases in rates of disputes involving policies sold through a financial adviser," ASIC said. ASIC therefore wants life insurers to improve in four key areas to be "in a better position to demonstrate ...

Fidante loses $11.4bn in insto money

KARREN VERGARA  |  TUESDAY, 19 AUG 2025
Challenger's Fidante Partners lost $11.4 billion in institutional client money in the last financial year with the majority of it exiting fixed income investments. The lion's share of $7 billion in net outflows left fixed income strategies while ...

ART chair to retire

MATTHEW WAI  |  TUESDAY, 19 AUG 2025
... commitment to the service of working Australians and the stewardship of their collective retirement savings to provide financial dignity and security in retirement." ART has over $350 billion in funds under management on behalf of some 2.4 million Au ...