Appearing at Senate estimates, ASIC deputy chair Sarah Court has claimed the $7.2 million penalty issued to Dixon Advisory was made to send a “deterrent message” as the fine is unlikely to ever be paid.

Macquarie Business Banking has revealed the top characteristics of high-performing financial advice practices, including how succession planning and client engagement can create a firm with over $800,000 profit per owner.

Asset managers have increasingly hired dedicated ESG personnel or sustainability teams over the past year, as ESG factors continue to underpin investment decision-making, Russell Investments finds.

Michael Harrison, non-executive director at WT Financial Group and former Sentry director, is set to retire from the firm with Chelsea Pottenger taking over.

Morningstar’s former managing director Jamie Wickham has resurfaced several months after leaving the research house where he worked for 17 years.

The government has announced it is taking steps to amend the transfer balance cap to prevent super fund members from being adversely impacted when funds merge.

In this episode of Relative Return, host Phillip Tarrant speaks with Joseph Sitch, co-CIO of Victor Smorgon Group, about the family office’s venture into the fund management space.