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AAT slashes adviser ban

KARREN VERGARA  |  MONDAY, 8 JUL 2024
... Betalli from providing financial services following his appeal. ASIC ordered the ban on 1 May 2021. The AAT ruled it will now end on 24 April 2025. Between 30 September 2009 and 28 September 2015, Betalli was an authorised representative of Count Financial ...

ASX delistings outpacing new market entries

ELIZA BAVIN  |  MONDAY, 8 JUL 2024
... towards private markets in search of portfolio diversification and higher returns. An estimated US$24.4 trillion of capital is now invested in private markets, a figure that is expected to continue rising despite recent economic headwinds. Several factors ...

MLC MySuper option returns 9.8%

ANDREW MCKEAN  |  FRIDAY, 5 JUL 2024
... Looking ahead, Gamerov noted that global shares have performed so well that valuations of some of the big technology stocks are now starting to look "stretched." As such, MLC enters the new financial year with a cautious but constructive outlook. "Consistent ...

Cbus MySuper investment option returns 8.35%

ANDREW MCKEAN  |  FRIDAY, 5 JUL 2024
... short-term returns from the property asset class have remained challenging since the pandemic, we believe property values are now close to stabilising and our long-term focus on owning and developing high quality assets means our portfolio remains well ...

New technology chief joins GROW Inc.

JAMIE WILLIAMSON  |  FRIDAY, 5 JUL 2024
... technology when GROW's founding chief technology officer David Baxter became the group's chief evangelist. McKim will now revert to leading the product strategy, "where his focus will be on the ongoing development of GROW's innovative product ...

IFS launches two courses with Kaplan

KARREN VERGARA  |  FRIDAY, 5 JUL 2024
... advice requirements and teaches students how to engage clients effectively and confidently to deliver it. The two courses are now open for enrolment. IFS executive manager of advice solutions Adrian Gervasoni said the organisations partnered to build ...

Sequoia professional services lead exits, restructures business

KARREN VERGARA  |  THURSDAY, 4 JUL 2024
... Harvey is currently a director of Docscentre Legal. Further, chief financial officer and joint company secretary Lizzie Tan is now chief financial officer and chief operating officer. Director Hamish McCathie, who is responsible for Sequoia Wealth Management ...

iExtend receives AFSL after lengthy wait

JAMIE WILLIAMSON  |  THURSDAY, 4 JUL 2024
... including possibly providing financial product advice. As part of the undertaking, iExtend had to apply for an AFSL. That AFSL has now been granted; in the interim iExtend has been operating as a corporate authorised representative of Ingenious Brokers. ...

APRA heightens expectations around trustees' spending

JAMIE WILLIAMSON  |  THURSDAY, 4 JUL 2024
... significant area of focus for APRA and the broader community. In addition to tightening the obligations under SPS 515, APRA is now collecting, analysing and will be publishing detailed expenditure data at a fund level. APRA will review the data to ensure ...

Federation AM invests in Astris Advisory

KARREN VERGARA  |  WEDNESDAY, 3 JUL 2024
... placements, and other advisory services in investments and M&A. As part of the deal, Federation chief executive Cameron Brownjohn now serves as a non-executive director on Astris' board. Astris chief executive David Shirt said Astris has benefitted ...