A decade on from the UK’s Retail Distribution Review, the country still faces a shortage of financial advisers and digital advice has not necessarily provided the solution, according to Iress’ managing director for wealth.

Wealth Data has revealed the top 10 financial advice licensees for adviser growth and losses of this year, even as the industry rounds out at 15,667 advisers for 2023.

The corporate regulator has banned the former sole director and chief financial officer of Brisbane-based Acquire Strategic Advisers over misleading and deceptive conduct.

Five Australian equity ETFs are among the most traded by investors during November as the ETF landscape reaches $170 billion.

ASIC has sentenced former director Mudasir Mohammed Naseeruddin over four years’ imprisonment for ‘egregious conduct’ and dishonestly obtaining client funds from six investors’ SMSF accounts.

The alternatives investment manager has reached completion in its acquisition of PM Capital announced last month, bringing Regal Partners’ combined FUM to $10.8 billion.

In this episode of Relative Return, hosts Charbel Kadib and Laura Dew reflect on the year that was, unpacking major developments across financial markets and the financial services industry over the course of 2023.