The number of advisers who have ceased during 2023 is at 365, more than double the new entrants over the same period, and could approach 900 by the end of the year if the current rate continues.

A trial investigating alleged misconduct by the wealth management company is slated to begin on Monday (5 June) and expected to run for up to five weeks.

Financial advisers are a declining “olden days” model, says Michelle Levy, who instead has focused her Quality of Advice Review on digital advice rather than relevant providers.

Professional year candidates should be self-motivated and both them and their supervisors need to understand it could take far longer than one year, according to panellists.

A second Class veteran has joined the board of fintech Bravura Solutions as non-executive chairman.

The platform’s wealth data and sentiment business ARdata announced its completed acquisition of investment and superannuation system ProductRex.

In this episode of Relative Return, host James Mitchell chats to David George, chief executive of Magellan Financial Group, to discuss how he is hoping to grow the asset manager to $100 billion in assets under management.