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Insignia Financial takes $53.5m profit hit

ELIZA BAVIN  |  TUESDAY, 4 MAR 2025
... results. Both the SLN and ARA are being treated as current liabilities at 30 June 2025. Insignia's share price was down close to 3% at the time of writing. The wealth manager is currently fielding several takeover offers and had given Bain Capital, CC ...

SMA Reporting Standard launches

KARREN VERGARA  |  FRIDAY, 28 FEB 2025
The SMA Reporting Standard (SMARS) has launched to address the complexities and confusion over fee structures in the separately managed accounts (SMAs) sector. SMARS is spearheaded by the Adviser Ratings Group and operates as a separate entity, SMA ...

Advisers grapple with AI, require support: Survey

KARREN VERGARA  |  THURSDAY, 27 FEB 2025
Nearly one third of financial advisers are currently using artificial intelligence (AI) in their practice at a basic level, but many more say they need education and guidance, a new Investment Trends study finds. Some 27% of advisers that are embracing ...

NGS Super shutters direct investment option

JAMIE WILLIAMSON  |  THURSDAY, 27 FEB 2025
NGS Super will close its Self-Managed Direct Investment Option, saying it is no longer viable to continue offering the service. NGS Super's Self-Managed Direct Investment Option (DIO) was provided via OneVue Wealth Services. However, OneVue has advised ...

Property developer, investment firm goes 'all in' on Australia

ANDREW MCKEAN  |  WEDNESDAY, 26 FEB 2025
... will offer sophisticated and institutional investors access to local professional services firms seeking growth. It is a close ended Australian unit trust targeting an initial capital raise of $30 million and expects to raise over $100 million this year. ...

ASIC turns up the heat on private markets

KARREN VERGARA  |  WEDNESDAY, 26 FEB 2025
... a view we share but many domestic managers do not," Robinson said. "Investors should be aware that this report won't close the book on the governance questions surrounding private credit. The approaches taken by firms around treatment of upfront ...

Monetary policy not the only game in town: Brian Redican

ANDREW MCKEAN  |  TUESDAY, 25 FEB 2025
Mohamed El-Erian, who was chief executive of Harvard's endowment and PIMCO, published The Only Game in Town in 2016, presenting central banks as the key driver of the economic agenda. But now it's governments in the driver's seat, NSW Treasury Corporation ...

AZ NGA positions for growth with key appointment

JAMIE WILLIAMSON  |  MONDAY, 24 FEB 2025
Former Fitzpatricks Financial Group chief executive Jodie Blackledge is joining the leadership team of AZ Next Generation Advisory (AZ NGA). Blackledge has been appointed group chief financial officer at AZ NGA, reporting to group chief executive Paul ...

Payton Capital welcomes head of credit

ELIZABETH FRY  |  THURSDAY, 20 FEB 2025
Payton Capital has recruited a key executive to support its aggressive growth plan following its acquisition by ASX-listed alternative asset manager HMC Capital. Michael Golinelli's appointment as head of credit is a key part of Payton Capital's ...

Insignia Financial improves losses amid takeover

JAMIE WILLIAMSON  |  THURSDAY, 20 FEB 2025
... that operating expenses decreased on the back of optimisation benefits being realised. In Asset Management, UNPAT jumped close to 40%, coming in at $42.2 million. Net flows improved to $2.1 billion largely due to growth in the managed accounts business ...