It is “highly likely” that global advisory group Brite Advisors misappropriated client funds for its own purposes, the Federal Court has heard, as receivers examine the variance of $100 million in its accounts.
ASIC has issued a final reminder to unregistered financial advisers as the 16 February deadline looms and confirmed the progress made by advisers since the extension.
Covering the art and science of portfolio construction, ETFs, private markets and retirement income, Money Management’s Portfolio Construction Guide 2024 has partnered with Australia’s leading investment firms to offer insight into the mechanics underpinning portfolio construction.
While fewer than one in five Australians consult financial advisers, the vast majority wish they could do more to feel in control of their personal finances, two new reports highlight.
A Queensland director could face up to 45 years’ imprisonment following an ASIC investigation that saw him charged with carrying on a financial services business without a licence.
Ahead of its half-year results next week, Magellan has reported a rise in funds under management for the third consecutive month, but outflows remain elevated.