Two potential side effects have been flagged around changes to the sophisticated investor test following a recent Treasury consultation, which could see thousands of investors no longer classified as ‘wholesale investors’.

Wealth Data’s Colin Williams and the Financial Services Council’s CEO Blake Briggs are among industry commentators who have shared their insights into the impact of the Hayne royal commission changes.

Australia is at the forefront of active exchange-traded funds (ETFs) according to Zenith, despite statistics showing they have experienced heavy outflows.

Financial software firm Bravura has hired a chief people officer, fresh from transforming the culture at AMP.

A specialist Australian asset manager has been recognised as one of just eight firms globally, representing 8 per cent of asset managers surveyed, to be classed as an ESG leader by Morningstar.

Pinnacle has seen a return to inflows in the first half of FY2023–24 as funds under management surpass $100 billion for the first time.

2023 has been a year of mergers and acquisitions for licensees as firms take advantage of the improved landscape for financial advisers.