‘Like winning the Grand Final’: Entireti’s Younger on AMP deal completion; AFCA and FAAA at odds over causes of industry failure

Entireti chief executive Neil Younger has shared the responsibility and privilege he feels as the head of Australia’s largest advice licensee, and how he aims to prevent attrition as it integrates AMP advisers.

The FAAA and AFCA are in disagreement regarding how much of an industry collapse, such as Dixon Advisory, relates to product failure and how much relates to advice.

With yields at their highest levels in over a decade, cash is once again gaining prominence as an asset class.

Global asset managers are seeking out acquisitions and strategic partnerships in the area of technology and robo-advice to benefit from an evolving wealth management landscape and futureproof their business.

Magellan has announced the launch of its first long-short product, its third fund arising from its strategic partnership with Vinva Investment Management.

Two months after reporting its highest-ever quarterly growth, Netwealth announced it has passed $100 billion in funds under administration.

AMP expects to make a $36 million loss from its advice divestment, while Entireti has announced a new senior leadership structure as the deal completes.

OC Funds Management and PAN-Tribal Asset Management have both launched equity funds, investing in Australian mid-caps and global equities, respectively.

An FSC report found female representation in portfolio management and analyst roles has improved in 2024 amid diversity efforts, although the figure dipped drastically for C-suite positions.

Money Management explores what is needed for a successful fund manager succession plan as a generation of managers approach retirement and how firms can mitigate the risk of outflows.