JPMAM has identified five key sources of diversification to complement traditional 60/40 stock-bond allocations and combat the impacts of macroeconomic shocks.

Some 1.5 million Aussies hold at least one ETF thanks to fee reductions and financial adviser recommendations, according to Computershare.

The Reserve Bank of Australia has appointed a deputy governor to work alongside Michele Bullock.

The intergenerational wealth transfer is in full swing with the number of billionaires who have inherited their money outpacing those who are self-made for the first time, placing a spotlight on succession planning.

A former strategy manager at suspended stockbroking firm BBY has been charged with aiding and abetting dishonest conduct, including the alleged transfers of $8.7 million in client funds into other accounts.

The financial services firm has internally appointed its next chief technology officer and executive committee member, following the resignation of Felicia Trewin last month.