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| | | ... was placed in voluntary administration last year and had its licence cancelled. According to the ASIC Financial Adviser Register, between October 2022 and October 2023 Roper was also licensed through Assetly Australia. |
| | | | ... meet the business continuity and scenario analysis. By October 1, SFIs must provide APRA their material service provider register (MSP). Linda Elkins, KPMG Australia's national sector leader, asset and wealth management, recently told Financial Standard ... |
| | | | Betashares has registered a new managed investment scheme, which possibly signals the expansion of its Wealth Builder geared ETF product suite, launched in April last year. The Betashares Wealth Builder Global Shares Geared (30-40% LVR) Complex ETF ... |
| | | | ... six months to meet the deadline. An ASIC spot check of the 15,610 relevant providers listed in the Financial Advisers Register found that 6426 hold an approved degree or qualification. The remaining 4604 or nearly 30% of the population have yet to meet ... |
| | | | Vanguard, Betashares, and BlackRock have an iron grip over the ETF industry, commanding the lion's share of funds under management (FUM) - thanks largely to their flagship core, low-cost equity exposures. However, Financial Standard understands that ... |
| | | | The DomaCom Fund has appointed Assetora as its new responsible entity (RE), replacing Melbourne Securities Corporation (MSC). DomaCom Fund unitholders voted in favour of Assetora becoming the new RE with a 56% support rate as opposed to appointing BrickX ... |
| | | | The price multiples for financial planning practices have risen as much as 30% in the past 12 months, analysis shows. According to the annual Radar Results Price Guide, there has been a notable increase in price multiples for practices, rising between ... |
| | | | ASIC is investigating Queensland financial services firm Australian Fiduciaries, which has $160 million of investor money, and seeks asset preservation orders and the appointment of receivers. ASIC believes that about 600 retail investors have invested ... |
| | | | Private credit manager Msquared Capital has established its inaugural $150 million warehouse facility in partnership with "a leading Australian bank." Msquared said that the partnership marked a significant step in the firm's evolution, positioning ... |
| | | | ... reforms have also been a point of concern for financial advisers, with the BT Technical team seeing more than 1100 advisers register for a recent webinar on the topic. Challenger's head of technical services Andrew Lowe recently told Financial Standard ... |
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