Financial advisers receive the second-highest expenditure in ASIC’s financial services and wealth division, according to documents, ahead of investment managers and superannuation funds.

A new survey has found that less than a quarter of paraplanners hope to become a financial adviser, placing a hurdle in the way of boosting adviser numbers.

The diversified financial services group has entered a $2 million purchase agreement to acquire 100 per cent of a financial advice network owned by Insignia Financial.

ASIC has announced its enforcement priorities for 2024, which include two new points relating to the superannuation industry.

The Financy Women’s Index has shown the largest growth in the last two years, driven by improving female underemployment and more women studying in higher paying fields.

Having ended its acquisition plan last week, the co-chair of Pacific Current Group’s independent board committee is to depart as the firm seeks alternative ways to boost the business.

The current volatility has created a rich pool of investment opportunities which skilled fund managers can exploit through long-short equities strategies, writes Lukasz de Pourbaix.