The deal will provide a $2 billion boost to Russell’s retail and wealth funds under management (FUM), pushing it to $11 billion, and accelerate the growth of its wealth management business in ...

The Betashares S&P 500 Equal Weight ETF (QUS) has surpassed $1 billion in assets as investors look beyond the US’ Magnificent Seven stocks. The ETF provides exposure to 500 leading listed US companies ...

Industry Fund Services (IFS) has changed the name of its new advice licensing model following backlash from financial advisers last week over its use of the word ‘independent’. Early last week, IFS ...

Global asset manager Janus Henderson will acquire US-based multi-asset investment manager Richard Bernstein Advisors (RBA) in its first move since the firm’s own acquisition last month. Founded in ...

Global X is to launch an ETF focused on silver miners as the metal’s price passes US$100 for the first time. The Silver Miners ETF (SLVM) will provide access to a global portfolio of companies across ...

Industry Fund Services (IFS) is launching a trial of its Independent Adviser Licensing Model to help bridge the advice gap through industry super and adviser collaboration. The super fund advice ...

Alongside his new role, he is also the chief executive of the General Sir John Monash Foundation, an Australian postgraduate scholarship program. Over his decades-long career in the financial services ...

Asset managers’ operating models will “need more than cost-cutting”, according to EY, if they are to remain profitable going forward. In the consultancy’s report The Future of Asset Management, which ...

A spokesperson for BlackRock was unable to confirm if the job cuts would affect its Australian offices where the fund manager employs around 170 people. In its quarterly results last week, the global ...

Morningstar has strengthened its managed portfolios team with the appointment of two national roles, nabbing talent from Antipodes and a returning investment specialist. Clint Abraham, a former ...