Firms turn their gaze to next-gen investors; Jones updates on experience pathway progression

Given the growing number of young, tech-savvy Australians with their own unique financial goals, firms are launching new solutions to capture this next generation of investors.

Professionalisation of the financial advice industry needs to be balanced with the adviser shortage, according to Minister for Financial Services, Stephen Jones, as he confirms the experience pathway could soon pass parliament.

Three Magellan ETFs have seen the largest assets under management decline in the past year, according to Stockspot, with one losing more than $2.4 billion.

Insignia Financial has executed a share sale agreement with Australian Unity to sell its $1.1 billion friendly society investment bond business.

Starting this week, industry veteran Cathy Hales will step into the newly-created role of CEO, Wealth Pacific at Mercer.

Chris Barrett has been appointed by Treasurer Jim Chalmers as chair of the Productivity Commission to replace Michael Brennan.

Contrary to claims that finfluencers are a more accessible alternative to advisers, this licensed finfluencer believes she plays a complementary role towards easing investors into financial advice.