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TWG Global to acquire LA Lakers: Reports

KARREN VERGARA  |  MONDAY, 23 JUN 2025
... (US$20bn). TWG Global chief executive and co-chair Mark Walter is also the chief executive of investment and advisory financial services firm Guggenheim Partners. Former NBA player Earvin "Magic" Johnson is part of Guggenheim's consortium and Walter's ...

Global X scales higher on the ETF issuer podium

ANDREW MCKEAN  |  MONDAY, 23 JUN 2025
... launched four new ETFs this year, bringing its Australian portfolio to 45 ETFs. The firm, which is owned by Mirae Asset Financial Group, is also charging forward with plans for more launches in the second half of the year, targeting lower-cost core exposures ...

AFCA urges adviser clarity on SMSF wholesale investor test

KARREN VERGARA  |  MONDAY, 23 JUN 2025
The Australian Financial Complaints Authority (AFCA) is urging financial advisers to gain clarity and better understanding on whether the wholesale investor test applies when advising SMSFs. Even if SMSF trustees have extensive investment experience ...

Perennial Partners buys Melior stake

MATTHEW WAI  |  MONDAY, 23 JUN 2025
... said. "With Perennial's strategic, operational and distribution expertise and access to an investor base made up of financial advisers, wealth managers, institutional, high net worth and family offices, we look forward to growing the Melior Australian ...

Australia progresses climate transition disclosures, planning

KARREN VERGARA  |  FRIDAY, 20 JUN 2025
... tools that model risk at the asset level and align with disclosure frameworks such as the Task Force on Climate Related Financial Disclosures, International Sustainability Standards Board and Australian Accounting Standards Board," he said. In adopting ...

‍Padua recruits tech professional

ELIZABETH FRY  |  THURSDAY, 19 JUN 2025
... advice fintech's software, services, research and data divisions. Diamantes has almost two decades of experience in financial services and product and joins Padua from Colonial First State, where he managed IT regulatory obligations. Before that ...

Betashares names director of private assets

ELIZABETH FRY  |  THURSDAY, 19 JUN 2025
... will play an important role in ensuring that we're continuing to lift the bar in meeting the needs of investors and financial advisers when it comes to the role that private assets can play in a robust portfolio." At Ares, Fleiter was a relationship ...

Wealth groups tap operations leads

ELIZABETH FRY  |  THURSDAY, 19 JUN 2025
... temporarily. Harris joined Aura in 2020 as the global head of risk and compliance, bringing over 20 years of experience in the financial services industry. His previous roles include senior positions at Nikko Asset Management and Xplore Wealth, as well ...

En garde: New fund eyes Vanguard, Betashares' turf

ANDREW MCKEAN  |  THURSDAY, 19 JUN 2025
... lion's share of funds under management (FUM) - thanks largely to their flagship core, low-cost equity exposures. However, Financial Standard understands that Global X may plan to challenge the incumbents where they're arguably strongest. Clues to Global ...

Small industry super funds beat giants on trust, service, value

ANDREW MCKEAN  |  WEDNESDAY, 18 JUN 2025
... value for money, according to CoreData's annual member engagement survey. CoreData research consultant Alana Devitt told Financial Standard that members' trust in small industry funds is built through transparency and communication, which bigger funds ...