Less than half of advisers wrote a life insurance policy in the first half of the year, according to Adviser Ratings, while Deloitte has identified a group of underinsured consumers emerging as a result.

Financial advice firms Priority Advisory Group and Wise Planners are to merge to create a multi-disciplinary professional services firm in Sydney.

The firm has announced a dual-entity restructure, with a new division catering to the diverse needs of advisers, advisory firms, and HNW and wholesale clients.

Bank of America’s global survey has found allocations to US stocks have seen a record monthly jump as investors tilt overweight to the region for the first time in a year.

2023 has a “much more challenging” fundraising environment for private markets products, according to J.P. Morgan Asset Management, with the overall sector expecting to raise just over half of what it did in 2021.

Two longtime executives, Erik Hirsch and Juan Delgado-Moreira, have been appointed co-chief executive officers to succeed Mario Giannini, who steps up as executive co-chairman at the firm.

Focusing on behaviour and psychology can help advisers to strengthen their client relationships and offer a unique service proposition, writes Jane Monica Jones.