There are signs the financial advice industry is stabilising as Q3 2023 demonstrated the second-lowest number of exits in five years, according to Adviser Ratings’ quarterly report.

Magellan executive chair Andrew Formica has highlighted the skills the firm will be looking for in its recruitment of a new CEO to replace David George, as he scraps its $100 billion AUM target.

AMP and Commonwealth Bank are among multiple financial services companies left unable to fully function after an Optus outage hit nationwide.

In a letter addressed to Minister Stephen Jones, Senator Andrew Bragg has asked for a clear timeline for action on addressing super complaints regarding delays in death benefit payouts.

A Forbes 30 Under 30 alum has called for systemic change to provide more funding to start-ups founded by women.

Global credit has the potential to diversify Australian investment portfolios away from more volatile asset classes and act as an “insulator” against interest rate rises, according to fund manager Pengana.

Many advice practices believe that taking on Professional Year advisers will drain resources. But forward-thinking firms are putting them at the heart of their strategy to drive productivity and scale their business.