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Showing 1 - 10 of 22251 results for "Direct"

HSBC Bank fined $35m in landmark scam-protection failures

KARREN VERGARA  |  FRIDAY, 19 JUN 2026
... Bennett handed down the penalty and ordered HSBC to publish adverse publicity notices across its website, mobile app and in direct communications with affected customers. ASIC said the judgement "is one of the first of its kind globally and reinforces ...

Passive ETFs continue to dominate domestic market

MATTHEW WAI  |  FRIDAY, 19 JUN 2026
The latest analysis from Betashares indicates index ETFs continue to drive the expansion of Australia's ETF industry. Index ETFs attracted approximately $53.5 billion in net inflows over the past year, compared with around $6.1 billion for active ETFs ...

Clearway awarded distribution mandate for $210bn manager

MATTHEW WAI  |  FRIDAY, 19 JUN 2026
Clearway Capital Solutions has been appointed by a US-based investment manager - with a total of US$149 billion ($212bn) in assets under management - to distribute its capabilities for Australian and New Zealand investors. Virtus Investment Partners ...

ASIC slaps adviser with 10-year ban, strips AFSL

MATTHEW WAI  |  FRIDAY, 19 JUN 2026
ASIC has banned Brett Newbound of Victoria, a financial adviser and the sole director of Freedom Wealth Services, which has subsequently lost its Australian financial services licence (AFSL). According to ASIC, Newbound was found to have forged client ...

FinCap launches private markets platform targeting wholesale investors

VINNY VUCAGO  |  THURSDAY, 18 JUN 2026
... scale: liquidity, technology and governance," Ryan said. Alongside the managed portfolios, FinCap has also launched FinCap Direct, a co-investment channel providing access to go single asset opportunities in private equity and real estate. Ryan said ...

Soul Patts to pocket $1.89bn from Brickworks divestment

VINNY VUCAGO  |  THURSDAY, 18 JUN 2026
Washington H. Soul Pattinson & Co is set to receive $1.89 billion after agreeing to divest its stake in Brickworks' industrial joint venture property trusts to Goodman Group, freeing up capital for future investment opportunities. The transaction will ...

ASIC expands list of super lead generation entities

VINNY VUCAGO  |  THURSDAY, 18 JUN 2026
... corporate authorised representatives that have acquired leads, including Lunaris Wealth, Solara Wealth and Wise Investments Direct. ASIC said superannuation trustees should review the warning signs identified in its report against their own data to help ...

Channel Capital and Fidante to merge

ELIZA BAVIN  |  THURSDAY, 18 JUN 2026
Challenger announced it has entered into a binding agreement to merge its multi-affiliate funds management business, Fidante, with Channel Capital. Under the agreement Fidante will become part of the newly formed entity Channel Group and will be led ...

Capstone joins forces with PictureWealth to form $22bn FUA planning network

MICHELLE BALTAZAR  |  WEDNESDAY, 17 JUN 2026
PictureWealth Group has inked a landmark deal with national advice licensee Capstone Financial Planning, forming a combined business with 360 financial advisers and $22 billion in funds under advice. Prior to the announcement, PictureWealth Group was ...

U Ethical appoints distribution lead

VINNY VUCAGO  |  WEDNESDAY, 17 JUN 2026
U Ethical Investors has appointed veteran funds management executive Stuart James as head of distribution, as the firm continues to build out its leadership team and pursue its next phase of growth. James joins U Ethical's leadership team with responsibilities ...
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