Backtrack as adviser numbers return to losses

Wealth Data has revealed a “disappointing” double-digit loss in advisers to start February after a positive January.

J.P. Morgan Asset Management is “warming up” to going back to equities after holding an underweight position and would strengthen this position if there is a signal inflation is coming down.

AMP has completed the sale and transfer of its international infrastructure equity business to DigitalBridge of $582 million.

The global fund manager’s operating income has more than halved amid “one of the most challenging investment backdrops in history”.

A former Perth financial adviser has been sentenced for making unauthorised client transactions and engaging in dishonest conduct.

The corporate regulator has announced an advisory and stockbroking firm has been penalised over $500,000 for failing to comply with trading regulations.

2022 has been a unique year where advisers have been able to share their views and thoughts on how the industry should be shaped going forward.