Clime sets up new advice licensee post-Madison divestment; How to select a private markets manager

Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.

Amid a growing appetite for alternatives, investment executives have shared questions advisers should consider when selecting a private markets product compared to their listed counterparts.

With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.

Chief executive Maria Lykouras is set to exit JBWere as the bank confirms it is “evolving” its operations for high-net-worth clients.

Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.

Research by Morningstar has found fixed income funds are bucking a general trend around managed fund fee dispersion with a smaller fee dispersion compared to equity ones.

Insignia Financial has announced a board director will be stepping down next year after almost a decade amid a board refresh.

Morningstar has made two business development appointments to drive the growth strategy of its financial advice software, AdviserLogic.

In this episode of Relative Return Unplugged, hosts Maja Garaca Djurdjevic and Keith Ford are joined by special guest Shane Oliver, chief economist at AMP, to break down what’s happening with the Trump trade and the broader global economy, and what it means for Australia.