In this episode of Financial Services Online's Weekly Finance News Wrap, Paige Estritori explains key developments in the Australian finance sector. Following concerns over management practices at Falcon Capital, FTI Consulting's Ross Blakeley and Paul Harland have been appointed as liquidators to the First Guardian Master Fund by the Federal Court - a major legal victory for ASIC. Interestingly, the global market disruption brought on by former US President Donald Trump's reciprocal tariff policy has led to a new emphasis on diversified strategies and proactive client communication. Advisors suggest aggressive investments for younger investors and risk mitigation strategies for retirees. Australian advisors also turned their attention to tariff suspensions which enabled a rebound in Australian stock market. Additionally, WT Financial Group and Merchant Wealth Partners have combined three financial advisory firms to create a consolidated entity named Hubco. Future events including the upcoming earning season and inflation data will continue to impact the sector.