Bridging the adviser shortage one entrant at a time; COG makes $13m stake in advice licensee

Two industry professionals have shared the vital role of graduate programs in attracting new entrants into the financial advice profession before they leave university.

Following its withdrawal from the Diverger deal just days ago, COG Financial Services has announced a $13 million stake in a financial services licensee.

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Count has raised its offer to acquire 100 per cent of Diverger, with Diverger’s board “unanimously” recommending the deal is in its best interests.

The interest rate environment of “higher for longer” is prompting financial advisers to increase their weightings to fixed income and cash.

Colonial First State has added $3 billion in more than a dozen separately managed accounts from Infinity Asset Management to its Edge platform.

Aware Super has released a tool called My Retirement Planner, which is expected to be launched widely in 2024, to provide insights into retirement confidence.

DASH has made two senior appointments to position the technology company for future growth.

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.