The ‘purple patch’ of M&A transforming advice; Professional judgement, not prescriptive rules: FAAA

Two CEOs and a recent report have underscored how the current period of M&A, led by large buyer groups, is redefining the financial advice profession and creating a notable “purple patch”.

The FAAA has argued against “prescriptive record keeping obligations” in favour of advisers using their professional judgement.

We ask the right questions to uncover how diabetes and obesity drugs are having a disruptive impact, not just across health care but also a range of other sectors and industries.

Outsourcing company Vital Business Partners has taken a minority equity stake in a digital platform for financial advisers, which will help fund its future growth plans.

GQG’s funds under management has continued to climb after surpassing US$150 billion earlier this year.

Platinum Asset Management’s funds under management was $12.23 billion at the end of August, down from $13.03 billion in July.

Systematic fixed income approaches are finally hitting the mainstream. For those starting to incorporate them, it is important to seek managers with a long and proven pedigree.