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Showing 181 - 190 of 4230 results for "LIC"

Feature: Compliance | Passing the buck

ELIZA BAVIN  |  WEDNESDAY, 15 OCT 2025
The retirement savings of thousands of Australians have been lost in the First Guardian and Shield failures and, while investigations are ongoing, the blame for their collapse and the misconduct that led to it is being passed around like a football ...

ASIC slams licensees' lax offshoring governance

KARREN VERGARA  |  FRIDAY, 10 OCT 2025
Most financial advice licensees that rely on offshore service providers (OSPs) fail to adequately assess, monitor and audit their arrangements thus putting their processes and business at risk, a new ASIC investigation reveals. ASIC's review of 10 financial ...

Soul Patts focused on 'bespoke' private sector investing

MATTHEW WAI  |  THURSDAY, 9 OCT 2025
... both the listed and the private sectors. Barlow said the firm has increased its private asset allocation since the merger of LIC Milton in 2021. Soul Patt's portfolio - containing $13.2 billion in net asset value as at September 25 - has evolved ...

Full automation key for business success, but not investments

MATTHEW WAI  |  WEDNESDAY, 8 OCT 2025
Financial advisers are moving to automate many business processes, but investment automation remains limited as they look to maintain control over decision-making. The AdviceTech 2025 Turning Data Into Growth report, based on over 300 financial advice ...

AWAG to snap up 20% stake in First Mutual

RIDDHIMA TALWANI  |  TUESDAY, 7 OCT 2025
ASX-listed Australian Wealth Advisors Group (AWAG) will acquire a 20% stake in licensee First Mutual, in a bid to expand its AFSL and licensing services. The investment is on a cash basis and First Mutual will retain its autonomy and ownership structure ...

ASIC approval puts Cboe, ASX on level playing field

MATTHEW WAI  |  TUESDAY, 7 OCT 2025
ASIC will allow Cboe Australia, a subsidiary of Cboe Global Markets, to list new companies on its platform, directly competing with the Australian Securities Exchange (ASX). ASIC flagged the possibility of an approval in August. Historically, Cboe Australia ...

Clime gains ground on culture, business model reset

KARREN VERGARA  |  FRIDAY, 3 OCT 2025
Not done with pulling Clime Investment Management out of the red, managing director Michael Baragwanath's bold plans to turn the ship around entail a product and culture overhaul, and even giving away his short-term incentives (STI) to staff. After ...

Platinum LIC turns down WAM bid

KARREN VERGARA  |  FRIDAY, 3 OCT 2025
... shareholders have rejected Wilson Asset Management's (WAM) bid to be the investment manager of the listed investment company (LIC) in the hope of replacing Platinum Asset Management. WAM flagged its intentions of becoming the investment manager in mid-August ...

Global X expands GARP suite with fresh ETF

MATTHEW WAI  |  THURSDAY, 2 OCT 2025
Following the launch of its first Growth at a Reasonable Price (GARP) ETF over 12 months ago, Global X has launched a second one. The Global X S&P Australia GARP ETF (ASX: GRPA) provides "smarter" exposure to Australian equities that blends growth and ...

Entireti launches SMA, portfolio management service

ANGELIQUE MINAS  |  WEDNESDAY, 1 OCT 2025
Entireti has launched Salita Portfolio Services (Salita), its new managed account and portfolio management service. The platform is designed to support all licensed and self-licensed practises within its network, which comprises Akumin, Fortnum, Personal ...