4 days ago · The FAAA has secured CSLR-related documents under the FOI process, after an extended four-month wait, which show little analysis was done on how the scheme’s cost would a...

1 day ago · The Senate has opted to extend the date of the inquiry into Dixon Advisory and wealth management companies, having originally been scheduled to complete next month. Mere days after the Financial Advice Association Australia (FAAA) urged the Senate economics references committee to call witnesses and ...

1 day ago · AMP Super has around 600,000 members and $57 billion in assets under management. The move had been flagged at the end of 2023 when it said it had been speaking with digital firms Midwinter, GBST, Otivo and Advice Intelligence about the possibility of a launch slated for 2024. At the time, group executive of advice, Matt Lawler, said a digital offering could nurture younger members who weren ...

1 day ago · As the firm announces a raft of executive changes, funds under management (FUM) at Magellan rose slightly during January. During the month, it said FUM rose 1.2 per cent from $38.6 billion to $39.1 billion, regaining its losses in December when it experienced outflows of …

1 day ago · “There is a significant opportunity for practices to scale swiftly via M&A, especially in a fragmented market. “We are seeing increasing demand from practices in our network and external to the network for support and advice on M&A activity, including help to access debt and equity markets, and for support with their legal and due diligence.

Target audience Aimed primarily at financial planners and dealer group principals, Money Management is also widely read by fund managers, accountants, bankers, insurers and government. Editorial coverage Money Management provides accurate, informative and insightful editorial coverage of the Australian financial services market, with topics including taxation, managed funds, property ...

The FAAA has secured CSLR-related documents under the FOI process, after an extended four-month wait, which show little analysis was done on how the scheme’s cost would a...

Dec 30, 2024 · As the year comes to an end, Money Management takes a look at the biggest announcements that shocked the financial advice industry in 2024. The past 12 months have seen several milestone moments for the Australian advice profession, ranging from a flurry of M&A activities to notable legislative reforms and prominent people moves.

Sep 9, 2024 · After a financial year full of turnaround steps, the firm announced its statutory NPAT was $238 million, up from $182 million in FY23. FUM was $36.6 billion, comprising $17.1 billion in retail assets and $19.4 billion in institutional ones, and …

Dec 17, 2024 · Locally, the number of billionaires increased from 41 in 2023 to 43 in 2024, marking a rise of 4.9 per cent. There was a 16.3 per cent rise in Australian billionaire wealth from US$173.5 billion last year to $201.8 billion this year.