Prime Financial signals ‘acceleration mode’ with $100m revenue target; Former Sydney adviser has assets frozen amid ASIC investigation

The firm has announced revenue growth of almost 30 per cent to $33.7 million in its annual results and will be seeking to reach $100 million by 2030, doubling its previous target.

ASIC has commenced “urgent proceedings” in the Federal Court of a former Sydney financial adviser amid an investigation regarding fees charged to client super funds.

HUB24 is targeting platform funds under administration of up to $100 billion by FY25 as it looks to build the ‘platform of tomorrow’.

Bravura has appointed Greg Johnson as global head of product, just days after appointing Shezad Okhai as chief commercial officer.

After two consecutive quarters in decline, the Financy Women’s Index has improved, helped by the number of women appointed to ASX 200 boards.

J.P. Morgan Asset Management will launch two active ETFs focused on fixed income and emerging markets on the Cboe Australia exchange.

The annual superannuation performance test results are just days away and some Choice options will also be under the microscope for the first time, writes Craig Day.