Financial Standard editor Mark Smith presents a roundup of the week's biggest industry news, executive appointments and events. In this week's news:

AZ NGA extends buying spree

The independent advice firm acquired its tenth practice this week, a Fortnum-aligned business in Chatswood.

ETF Securities shutters 10 funds

The index fund provider has closed a number of commodities ETFs signalling a maturing of the segment in the Australian marketplace.

Active managers underperform

S&P Dow Jones has released its latest indices versus active funds report and it doesn't make good reading for Australian fund managers.

Plus more big news

This week's FS Minute news round-up is proudly brought to you by Zurich.