Large licensees are looking to take minority stakes in smaller ones as a way to retain a presence in the industry, but the smaller party needs to ensure it doesn’t create a conflict of interest.

Fiducian has reported a 23 per cent rise in net profit after tax in the last six months of 2023, but non fee-paying clients led to a fall in funds under advice.

ASIC has cancelled the Australian financial services licence of Sydney-based Brava Capital, which was charged last October for allegedly failing to lodge financial accounts.

Advisory and asset management group Prime Financial has announced it will acquire a fund management platform and its two funds as it seeks to launch a diversified alternative asset management business.

Count has made its latest acquisition of a company that provides offshore services for advisers out of India, continuing the expansion of its services segment.

Colonial First State has launched CFS 10x, a program designed to help financial advice practices grow their business.

With a raft of Treasury consultations announced last year, Money Management examines their progress through Parliament and which could pass this year.