Sequoia Financial Group has welcomed an additional five financial advisers to its ranks, reporting positive adviser growth in three out of four weeks this month, according to Wealth Data.

A former Ord Minnett financial adviser, who is being sued by the firm, has been temporarily banned from contacting her former clients after it was found 17 clients moved over to her new employer.

Following the announcement of a proposed Advice Services Co at the beginning of the quarter, Insignia Financial has provided further details about this new model for its self-employed licensees.

Russell Investments has welcomed a new managing director for Australia and New Zealand and a head of APAC as Jodie Hampshire steps down after 17 years at the asset manager.

A global advisory firm has been ordered by the Federal Court to freeze its funds and assets for failing to lodge financial statements.

Fidelity has launched its latest global equities fund, the Fidelity Global Long Short Fund, in response to client demand in Australia.

Cash ETFs are attracting high inflows as investors flock towards liquidity and defensive strategies in their investment portfolios, driven by structurally high inflation and market uncertainty.