Investors are entering 2024 with high weightings to cash, but allocations are starting to fall in favour of equities as the RBA opts to hold rates.

A former BT executive is set to head up the association’s marketing and communications team towards raising awareness around financial advice and the CFP designation.

In its latest update, the global investment boutique has reported quarterly net inflows of US$1.8 billion, driving its funds under management as at the end of 2023 to record highs.

Magellan has shared its average funds under management for the second half of 2023 as it reports a second month of rising assets thanks to improved institutional flows.

2023 has been a year of mergers and acquisitions for licensees as firms take advantage of the improved landscape for financial advisers.