Despite overwhelming pessimism for US markets going into 2023, the tide seems to be turning, with forecasts now mixed on a potential downturn.

The increased variety of investment products coming to market has fared well for fund management distribution employees with top performers seeing bonuses of over 80% of their salary.

The investment funds platform has reported an 87% surge in its statutory net profit despite subdued net inflows.

Wealth managers and advisers are racing to manage the next generation of investors and additional high net worth individuals among several trends facing the industry.

The financial services company has been hit with a $70,000 penalty for violating anti-hawking regulations.

The investment advisory firm would work on the strategy, structure and monitoring of the university’s endowment fund.

A lack of participation by Australia’s largest universities is complicating the pathway for new entrants, according to leading financial advice organisations.