The ASIC funding levy for 2022–23 has been reduced from its original estimates, after criticism that the increase to $3,217 per adviser was too high.

Centrepoint Alliance has acquired a Brisbane financial advice firm with over $1 billion in funds under advice as part of its strategy to accelerate growth.

The investment platform is set to strategically partner with capital markets platform Complii Fintech Solutions, resulting in greater client interaction and cross-referrals between the two firms.

Magellan has come up against the “first strike” rule of the Corporations Act after more than half of its shareholders rejected its remuneration report.

Superannuation funds experienced negative performance in October, the third consecutive month that funds have reported losses.

AMP’s investment platform has added a socially responsible fund to its menu following increasing adviser demand for ESG products, alongside six actively managed portfolios.

In this episode of Relative Return, hosts Charbel Kadib and Laura Dew chat to Adam Alexander, portfolio manager at Schroders, about Australian equities and why separately managed accounts are ideal for financial advisers.