The ‘once in a generation’ platform opportunity; ASIC permanently bans former WA adviser

The rise of self-licensed financial advisers is creating a “once in a generation” opportunity for platforms as they are prompted to select their platform of choice for the first time.

ASIC has permanently banned a former Western Australia-based financial adviser after he falsified his adviser exam certificate.

“I’ve got liquidity problems.” This phrase has become a badge of honour among large-cap fund managers; a self-deprecating gloat that they’ve outgrown the market and become a victim of their own success.

The financial advice firm has appointed an Aware Super executive to join its platforms business in a newly created role aimed at enhancing and accelerating its retirement capability.

Regal Partners has shared how the acquisition of Merricks Capital will progress its private credit goals, with 40 per cent of the firm’s FUM expecting to sit in private credit post-completion.

ASIC has confirmed the estimated industry funding levy for the 2023–24 financial year and how much licensees can expect to pay.

GQG Partners has shared its funds under management at the end of June and inflows for the first half of 2024, having taken minority stakes in three US-based businesses.

Advisers and platforms have a role to play in educating their clients with alternative investments, according to Praemium, as research finds alternative assets are set to reach US$21 trillion next year.