From multiple fund launches and personnel changes to major outflows and a scrapped deal, Money Management has collated the most significant news in the funds management industry over the past 12 ...

ASIC has permanently banned a financial adviser after he allegedly concealed information from clients and misused client funds, among other breaches.

ASIC has confirmed the industry funding levy for the 2024–25 financial year and how much licensees can expect to pay.

Two active fund managers have outshone rivals to report double-digit share price growth of more than 40 per cent for FY25, but another has lost more than 50 per cent.

Results are out for the latest sitting of the ASIC financial advice exam, with the pass rate falling for the second consecutive sitting.

Generation Development Group has appointed former Evidentia chief executive Peter Smith as an executive director.

Equal weighted ETFs are gaining ground with financial advisers, according to AUSIEX, as they believe they can bring balance to client portfolios.

Going forwards, advisers’ use of platforms will be divided into those “core” offerings and “peripheral” ones, with those in the latter category facing an existential threat.

Betashares is gearing up to launch two new ETFs in a clear bid to challenge similar offerings from global ETF giants.

Two advice platforms have been identified by Adviser Ratings as standouts for efficiency as time-pressured advisers become evermore fickle in their platform selection.

DASH Technology Group has seen a 49 per cent uplift in its carrying value and is completing a new capital raising, having already received $30 million from growth investor Bailador.