Money Management examines how the experienced provider pathway has impacted the advice industry one year on.
Just over one year ago, the experience pathway was passed in Parliament on 6 September 2023.
The pathway provides a way for those with a decade of experience or more to continue advising without the need to hold an approved degree.
Specifically, it allows financial advisers with at…
ASIC says it secured $32.2 million in civil penalties and nine criminal convictions in the six months to 30 June.
The regulator has released a summary of enforcement outcomes for the six months from 1 January 2024 to 30 June 2024, with financial advice misconduct the most common within the financial services sector.
According to ASIC, there were 33 enforcement outcomes for financial advice…
The advice profession lost 15 advisers over the past week, partly due to a lower number of new entrants and advisers transitioning between licensees.
According to Wealth Data’s weekly analysis, the double-digit loss in the week ending 5 September saw adviser numbers fall to 15,497. Meanwhile, the previous week saw a net growth of five advisers.
Just six new entrants joined the profession…
Amid discussions on whether private markets will soon exist in an exchange-traded fund (ETF) structure, Global X’s Marc Jocum examines the challenges that could arise from this type of innovation.
Last month, the topic of whether unlisted markets will soon exist in an ETF structure was discussed on an Institute of Managed Account Professionals (IMAP) podcast episode.
Chad Hitzeman, head of…
State Street has shared its six predictions for the future of ETF growth over the next year and beyond.
In its ETF Impact Report 2024–25, the ETF provider identified six “growth catalysts” that it predicts will shape the ETF market over the next year.
Overall global ETF growth is expected to stand at US$43 trillion ($64 trillion) by 2034, the report said, from US$11 trillion…