Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 231 - 240 of 4021 results for "January"

BUSSQ handed stricter licence conditions by APRA amid appeal

ANDREW MCKEAN  |  THURSDAY, 20 FEB 2025
... additional licence conditions stemmed from prudential concerns over BUSSQ's compliance with these obligations. In January, the Federal Court dismissed BUSSQ's challenge. Now, BUSSQ's board has taken a further step, challenging the judgement. ...

Convicted adviser fails to appeal prison sentence

MATTHEW WAI  |  THURSDAY, 20 FEB 2025
... overturned. Grimm pleaded guilty to three counts of engaging in dishonest conduct whilst running a financial business on 20 January 2023, and was sentenced to 18 months' imprisonment on 5 September 2024. On October 3 in the same year, he sought leave ...

GQG records US$1.7bn net flows in January

MATTHEW WAI  |  MONDAY, 17 FEB 2025
GQG Partners has recorded US$1.7 billion net flows in January, bringing its total funds under management to US$160.4 billion. The firm recorded US$20.2 billion net flows throughout last year, nearly doubling its net flows of US$10.2 billion in 2023. ...

New starter at GCQ Funds

ELIZABETH FRY  |  THURSDAY, 13 FEB 2025
... launching two years ago by betting on the pricing-power of marquee companies. The firm said its portfolio's net return for January was 6.4% compared to the MSCI World AUD index, which was 2.4% for the month. Returns were broad-based, with a meaningful ...

ETF industry passes $250bn mark

ELIZA BAVIN  |  WEDNESDAY, 12 FEB 2025
... have seen the Australian ETF industry surpass $250 billion in funds under management (FUM), according to the Betashares January ETF review. The industry saw $4.6 billion in net flows with the total market cap increasing by $11.1 billion. Betashares said ...

Jones flags drafting of Tranche 2 legislation

KARREN VERGARA  |  TUESDAY, 11 FEB 2025
... and any impact on those existing financial advisers who are striving to meet the education standard by the deadline of 1 January 2026." ASIC commissioner Alan Kirkland, who also spoke at the event, said one of ASIC's key priorities this year is to curb ...

Government to scrap advisers' approved qualifications list

KARREN VERGARA  |  MONDAY, 10 FEB 2025
... the new education standard," he said. Since the Hayne Royal Commission, the number of advisers dropped from 28,000 in January 2019 to fewer than 16,000. "The current education pathway is not sustainable. School leavers are not attracted to the specialised ...

Convicted adviser banned over $2m theft

MATTHEW WAI  |  MONDAY, 10 FEB 2025
... members, ASIC explained. King was the director and secretary of Veeman from August 2009 until the company was deregistered in January 2021. Over the years, he was licensed through Genesys Wealth Advisers; Magnitude Group; and Australian Finance Group. ...

Keybridge Capital enters voluntary administration

ELIZA BAVIN  |  MONDAY, 10 FEB 2025
... success. Keybridge chief executive Nicholas Bolton alleged WAM transferred the shares in a bid to control the company. In January 2021, the Supreme Court ruled against Keybridge and costs were awarded against the company. Then in February 2022, Keybridge ...

FAAA 'frustrated' as Dixon inquiry delayed

ELIZA BAVIN  |  THURSDAY, 6 FEB 2025
... is essential that the government and the Parliament listen to those calls and make commitments before the election." On January 31 the CSLR released its FY26 levy estimates which revealed financial advisers would likely have to fork out $70 million to ...