KARREN VERGARA | 12:35PMThe industry is urgently prioritising the recruitment of new advisers as those who remain bear the brunt of paying heftier levies that aggravate the costs of running a business and puts financial advice further out of reach for Australians.
KARREN VERGARA | 12:32PMASIC has cancelled the licence of Guildfords Funds Management and banned its managing director Robert Payne for their involvement in the collapse of Magnolia Capital Group.
ANDREW MCKEAN | 12:29PMLeading exchange-traded product (ETP) investment managers - Vanguard, Betashares, BlackRock, and VanEck - which command about 70% of the Australian market, reduced their asset-weighted fees by 8% in the 12 months to March, according to Rainmaker Information.
ELIZABETH FRY | 12:22PMAviva Investors will farewell its local managing director following a decision to manage distribution from Singapore.