Financial planner jailed for nine years; Can Australia restock its supply of financial advisers?

A Sydney financial planner has been sentenced to a maximum jail term of nine years after pleading guilty to 12 counts of dishonestly obtaining financial advantage by deception.

Dwindling numbers of Australian advisers is a major concern, but BT Financial chief executive Matt Rady says the thriving UK market gives him hope that we can attract new blood to the profession — provided we go about it the right way.

Magellan has begun positioning its $7.3 billion global portfolio for a recession, which it believes is a likely scenario this year.

Investor appetite for equities is set to recover as markets “look through the valley” to the other side of the bear market, according to the fund manager.

Nathan Lim had been with the firm for seven years and was responsible for forming its asset allocation and portfolio management capability for Australia and Asia.

Elston Asset Management has announced the appointment of Clint Abraham as its new investment specialist.

A conversation between Elon Musk and Google co-founder Larry Page reveals the sociopathic nature of the Big Tech companies that dominate ESG funds.