The latest issue of Financial Standard now available as an e-newspaper
|Netwealth has experienced a leap in inflows for the September quarter of $1.9 billion, bringing total funds under administration to over $34 billion.|
|Clime Investment Management appointed Mercer as an investment adviser to support its managed account portfolios.|
|Newly launched trading platform Superhero has revealed it has the functionality to offer managed accounts to investors, and would be looking into developing this and an APL further in the future.|
|An additional $10 billion will help rebuild the nation's ageing infrastructure and ultimately create more jobs to stabilise the flailing economy, according to the Treasurer.|
|A fund manager that played a part in Legg Mason and Franklin Templeton's merger has now bought 9.9% stakes each in Janus Henderson Group and Invesco, sparking speculation of a potential merger in the latter two.|
|Wealth managers are increasingly using ETFs to incorporate ethical and responsible investing, flagging that this strategy will eventually substitute the actively-managed part of their portfolios.|
|An Adelaide fund manager has added a former federal treasury analyst to its board.|
|Eildon Asset Management (EAM) has announced the launch of the EAM Elara Village Property Fund; an unlisted seven year, fixed term direct property fund.|
|A listed investment company with a 33-year history has announced its board will now undertake a strategic review of the fund's structure and operations, after an extended period of poor returns.|
|Two of Australia's big four banks face shareholder resolutions as a result of increased exposure to fossil fuels.|
ASIC deputy chair Karen Chester brought to light discrepancies in Daniel Crennan's resignation statement in front of a senate hearing, clarifying the dates that he found out about the issues that led to his resignation.
The Australian Stock Exchange has pushed back the CHESS replacement date by another year to April 2023.
The Victims of Financial Fraud (VOFF) group have written to senators slamming ASIC chair James Shipton for ignoring their requests for help but finding "time to submerge his own head in the trough allegedly at taxpayer expense".
HUB24 announced a series of significant transactions, including plans to acquire Xplore Wealth and the sale of its financial advice business.
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