Wealth Data has recorded a “very encouraging” 18 advisers joining the financial advice industry this week, with over three-quarters joining as new entrants.

A former Melbourne wealth director could face imprisonment after allegedly running five companies despite being ordered by the Federal Court to not carry on a financial services business for 10 years.

Over 200 advisers left Insignia in the three months to 31 December with the largest decline seen in the self-employed division, while its new advice operating model is expected to be launched in July.

Research IP, an investment research provider, has appointed SQM Research’s former head of research Rob da Silva to lead the firm’s expansion into the Australian market.

Significant demand for both Australian and international equity exposure has driven Betashares’ two flagship ETFs to reach more than $4 billion in funds under management each.

The chair of Australian Retirement Trust has been appointed as non-executive director at the Bank of Queensland, commencing next month.

In this episode of Relative Return, Maja Garaca Djurdjevic speaks with David Tuckwell, investment strategist at Global X ETFs Australia, about the future trajectory of the exchange-traded fund (ETF) market and flows into bitcoin ETFs.