ASIC accepts court enforceable undertakings from financial advisory firm accused of not producing SOAs

ASIC has accepted a court enforceable undertaking from the financial advisory firm Lasarith and its sole director and responsible manager, Adam Smith, after an investigation was launched over concerns Statements of Advice were not being provided to clients.

Private debt draws investors with improved structures and pricing

Institutional demand for private credit has been growing, underpinned by attractive returns and the natural hedge the asset class provides against rising interest rates. Investor appetite is holding up as current market conditions have resulted in more lender-friendly structures and higher yields.

Australian mid-cap equities offer attractive risk-adjusted returns

Mid-cap stocks offer better average returns than small caps, coupled with similar alpha opportunities and a substantially lower tracking error over the base S&P ASX 300, which makes them more attractive according to portfolio managers. While capacity can impact the alpha profile of a portfolio.