Victims share ‘heartbreaking’ loss at hands of fraudulent adviser; Insignia looks to AMP for branding hire

Two victims of Ben Jayaweera, who was sentenced to 12 years in jail this week, described the fraud as “truly heartbreaking” after they lost $260,000 at his hands.

Insignia Financial has appointed a general manager for brand strategy as it moves to invest heavily in the MLC brand.

Artificial Intelligence (AI) could be the biggest productivity booster since electricity, transforming every industry. At times like this, we avoid the hype by staying curious and asking the right questions so we can deliver better outcomes.

Money Management examines the funds under administration growth of the top three Australian wealth management platforms for FY24, with two players both achieving a 30 per cent rise.

The exit of “smaller non-economic advisers” has improved net margin at Sequoia, while the divestment of Morrison Securities boosted its statutory net profit after tax for FY24.

A former Brisbane financial adviser has been sentenced after being found guilty of a $5.9 million fraud, with the judge describing his actions as “brazen, gross and callous”.

Publisher and entrepreneur Greg Bright, the visionary founder of Momentum Media brands InvestorDaily, ifa, Money Management, and Super Review, has passed away at the age of 70.

Private equity represents a vital cog in any economy and these funds can unlock considerable value in private companies and lead to strong investment returns, writes Tony Davidow.