SMSF portfolio allocations to the fixed interest sector have grown via managed funds in the first quarter of the year, according to a recent industry report.

Sydney-based boutique investment firm Private Portfolio Managers (PPM) has announced its separately managed account model Australian equities and global equities portfolios are now available on multiple platforms.

The Australian Securities and Investments Commission (ASIC) has issued a warning to all licensees that may seek to authorise ex-Dover advisers after it announced on Friday the financial advice firm will shut down.

Adviser platform Hub24 has introduced a portfolio management tool that allows portfolio managers to adjust their managed portfolios to respond to market conditions.

The tortuous unravelling of how the big institutions have ripped off their clients by charging them fees for services they would not or could not provide simply highlighted – yet again – why we needed the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry.

A number of private lenders have joined forces to provide the DomaCom Fund access to an initial lending line of $100 million, which will allow the fractional property investment company to acquire up to $250 million in property.

The Australian Securities and Investments Commission (ASIC) has announced it will give financial firms, including super trustees, transitional relief until 1 July 2019 to allow for the updating of mandatory disclosure documents and periodic statements with the contact details of the Australian Financial Complaints Authority (AFCA).

Baby boomers account for 39.9 per cent of the total customers who purchase wealth management products from a professional adviser, new research from Roy Morgan has revealed.