Count firm acquires Victorian firm’s accounting client book
Count has acquired the accounting client book of Melbourne-based May Klye & Associates via member firm Bruce Edmunds & Associates.
Swan slams ‘merger mania’ as small funds plead their case
Cbus chair and former Labor treasurer Wayne Swan told the Investment Magazine Chair Forum that the super sector was too “meek” in bowing to pressure to engage in mergers and acquisitions. While AustralianSuper chair Don Russell said there are obvious advantages of scale, Legalsuper chair Kirsten Mander argued there are upsides to niche membership.
Five lessons of the Hayne reckoning five years on
While consumers (and the big banks themselves) may have moved on from the Hayne royal commission, the wealth management industry still feels its legacy each day in the challenging commercial environment in which they now operate. The five-year anniversary of the commission’s final report offers a milestone to reflect and ensure a culture of misconduct doesn’t return.
Almost half of Australians worried about financial stability: Research
Amid uncertainties, Australians are worried about their financial situation and looking out for their family in case of unexpected events, according to report from life insurer NobleOak.
iExtend secures debt funding and CAR
iExtend has secured its first round of debt funding to support future growth, following its engagement with ASIC last year to be granted a new retail AFSL.
Aldersley Capital partners with OpenInvest
Boutique asset manager Aldersley Capital has launched its whitelabelled online wealth management solution, Aldersley Capital Direct via the OpenInvest platform.
Mason Stevens partners with WA wealth management firm
WA-based wealth management firm Euroz Hartleys has partnered with Mason Stevens to utilise its outsourced chief investment office offering.
‘Force to be reckoned with’: AustralianSuper expands NYC footprint
Former AustralianSuper chair Heather Ridout says the mega-fund’s new Manhattan office space is a symbol of the resilience and ambition of the nation’s business community. Now Australia’s Consul-General in New York, Ridout was one of a number of luminaries who celebrated the milestone.
ASIC warns failed net zero pledges could skirt on misleading conduct
Superannuation fund chairs have not given up hope their organisations can meet their net zero and decarbonisation commitments. But ASIC deputy chair Sarah Court has warned that if the process is not done right, they could possibly land on the side of false and misleading conduct, setting up a new theatre in the regulator’s war on greenwashing.
CALI warns against using genetic test for insurance underwriting
The Council of Australian Life Insurers has come out to support a ban on using genetic test results in insurance underwriting, ensuring Australians are not deterred from taking the test to manage their health.
Sequoia acquires paraplanning service firm
Sequoia Financial Group has acquired the assets of Clique Paraplanning, a national paraplanning service with employees and contractors primarily in Melbourne and Sydney.
UniSuper hires new chief risk officer from Cbus
UniSuper has nabbed fellow industry fund Cbus’ talent Wade Martin as its new chief risk officer.
