Selfwealth has confirmed it has commenced the process for a scheme of arrangement with Bell Financial Group (BFG) but remains open to forming a binding proposal with rival bidder Svava. It was ...

Fund managers and financial advisers alike have said they are relying on business development managers (BDMs) more than ever to articulate the benefits and risks of the ever-growing alternative ...

Fiducian Group has enjoyed double-digit growth in its FUMAA and NPAT for the first half of FY25, as it looks to boost adviser numbers through potential acquisitions. Announcing its half-year results ...

Iress has appointed the former head of Count Financial to a newly created executive general manager position in its wealth APAC team. The technology company confirmed that Adam Webb will join next ...

Grimm was convicted to three counts of engaging in dishonest conduct between February and November 2015, while running a financial services business. He was sentenced to 18 months' imprisonment on 5 ...

HUB24 has seen record net inflows of $9.5 billion for the first half of FY25, driven by new advisers joining the platform and favourable market conditions. In its results for the six months to 31 ...

The Reserve Bank of Australia (RBA) has cut rates at this month's meeting to 4.1 per cent. For the first time in over four years, the RBA delivered a rate cut, reducing the rate from 4.35 per cent to ...

Pinnacle Investment Management’s UK affiliate Life Cycle Investment Partners has shared details of its first global equities fund and where it is seeing investment opportunities. Life Cycle was set up ...

The parliamentary inquiry into the sophisticated investor test (SIT) has recommended making the test less subjective in order to prevent abuse by Australian Financial Services Licensees (AFSLs). The ...

ASIC has proposed additional relief for AFSLs under the reportable situations regime, with the FSC welcoming the changes to an “excessively burdensome” system. In an announcement on 18 February, the ...

PIMCO has named its head of exchange-traded fund (ETF) sales for Australia, having promoted an account manager who joined the firm in July 2024. It was confirmed that Kanish Chugh had taken up the ...

In a release to the ASX, the firm said it had received a non-binding proposal from the private equity giant. The Australian Financial Review reported that the revised proposal was an enhanced all-cash ...