Two former United Global Capital advisers, which entered into liquidation earlier this month, have commenced at a new licensee, while overall adviser numbers have fallen back into the negative.

The wealth management platform has released its FY24 results and is planning to capture platform migration occurring among financial advisers to drive future growth.

Regal Partners CEO Brendan O’Connor says the firm is “match-fit” for future acquisitions as the firm reports a net profit after tax increase of 349 per cent in 1H24.

State Street Global Advisors has taken a 5 per cent strategic stake in Raiz Invest, deepening its existing relationship with the Australian fintech platform.

Acting Pacific Current chief executive Michael Clarke has shot down claims that the firm is on a wind-up path after multiple divestments but says there will likely be further actions to come.

Global asset manager Natixis Investment Managers has appointed a distribution director for private wealth across southern Australia from Pengana Capital Group.

A new report has unearthed seven key megatrends that financial advisers need to prepare for to stay ahead of the game and not be left behind by peers.