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NEWS AND RESEARCH
A NSW-based adviser has been banned from providing financial services for five years for inappropriate advice and the AFSL of his business has been…
The introduction of Rhombus Advisory has caused a shift in the top advice licensees as Insignia separates its advice business into two channels.
As part of its executive leadership refresh, Insignia has appointed Dave Woodall as its chief executive for superannuation.
Australian and New Zealand sustainable funds saw outflows of more than $1.2 billion in the second quarter of 2024, according to Morningstar, with…
Given the clear divergence between the cost of financial advice and clients’ willingness to pay, two experts explore how advisers can transform the…
Nearly 18 months since Invest Blue adopted its nine-day fortnight structure to support employee wellbeing, the national advice firm has enjoyed…
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Ardea Diversified Bond F
144.00 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
73.55 3 y p.a(%)
3
Hills International
63.39 3 y p.a(%)
4
Acadian Global Equity Long Short A
30.20 3 y p.a(%)
5
Acadian Global Equity Long Short
29.81 3 y p.a(%)
INVESTMENT INSIGHTS
EQUITIES
DNR Capital has announced the launch of a specialist global small and mid-cap equity manager, as it also welcomes its second portfolio manager on board....
Ausbil Investment Management has announced its head of wholesale distribution is to depart after 17 years with the fund manager....
Looking over the past five financial years, which advice licensees have demonstrated consistent long-term share price growth for their investors?...
Mexican restaurant chain Guzman y Gomez has listed on the ASX in a blockbuster IPO with shares rising by a third upon opening....
Ausbil Investment Management has announced a restructure of its Australian equities team as its co-head departs after 23 years....
FIXED INCOME
With potential US interest rate cuts on the horizon, Income Asset Management believes now is an ideal time to be investing into the corporate bond market....
The greatest number of funds launched lately by independent responsible entity Equity Trustees sat in the global fixed income space, according to its research, as offshor...
Asset manager Nuveen has promoted Saira Malik, who has worked at the firm for more than 20 years, as head of equities and fixed income....
Fixed income has been cited by BlackRock as a driver of US$81.6 billion in organic growth for the second quarter of calendar year 2024....
PGIM’s real estate investment management business has launched its first Australian real estate debt strategy, which is on track to meet its target of $750 million....
MANAGED ACCOUNTS
North, AMP’s wrap investment platform, has added six new managed portfolios to its investment menu and launched an interactive tool for financial advisers....
BT is offering its first private markets managed account on the BT Panorama platform as interest in alternatives grow among high-net-worth investors. ...
MLC Asset Management’s managed account offerings have hit $2 billion in funds under management, underpinned by over half of financial advisers’ usage of the investment pr...
AMP Advice has partnered with BlackRock and Lonsec to expand its suite of managed portfolio solutions, further democratising advisers’ access to these products....
Financial advisers can now access Vanguard’s diversified managed account strategies on HUB24 and Netwealth, marking a “significant expansion” through new distribution cha...
FINANCIAL PLANNING
A NSW-based adviser has been banned from providing financial services for five years for inappropriate advice and the AFSL of his business has been cancelled by ASIC....
The introduction of Rhombus Advisory has caused a shift in the top advice licensees as Insignia separates its advice business into two channels....
Given the clear divergence between the cost of financial advice and clients’ willingness to pay, two experts explore how advisers can transform the way they convey value ...
Nearly 18 months since Invest Blue adopted its nine-day fortnight structure to support employee wellbeing, the national advice firm has enjoyed positive results across al...
A new report has forecast how adviser numbers would look in five years’ time and the rate of expected annual growth....
PEOPLE & PRODUCTS
Submissions and nominations have opened for the inaugural Momentum Media Australian AI Awards 2024, which champions the wealth management industry for contributing to the...
The financial advice firm has appointed an Aware Super executive to join its platforms business in a newly created role aimed at enhancing and accelerating its retirement...
Technology company Iress has revealed the findings of its internal investigation following a cyber incident earlier this year which affected its OneVue business. ...
Financial software provider Bravura has extended the term of its chief commercial officer as it seeks to finalise work on its transformation program....
Financial advice software provider DASH has partnered with HealthyMe Digital to launch a new solution for advisers and clients providing health and wellbeing content....
FUNDS MANAGEMENT
Australian and New Zealand sustainable funds saw outflows of more than $1.2 billion in the second quarter of 2024, according to Morningstar, with active strategies accoun...
Maple-Brown Abbott has finalised an agreement to be acquired by a rival fund manager to create a firm with $18.6 billion in assets under management, just two months after...
Following a strategic review, Platinum has announced it will merge its two listed investment companies with two of its quoted managed hedge funds. ...
With potential US interest rate cuts on the horizon, Income Asset Management believes now is an ideal time to be investing into the corporate bond market....
The greatest number of funds launched lately by independent responsible entity Equity Trustees sat in the global fixed income space, according to its research, as offshor...
SUPERANNUATION
As part of its executive leadership refresh, Insignia has appointed Dave Woodall as its chief executive for superannuation....
Analysis by Chant West of the annual performance of growth superannuation funds has uncovered which ones see the best performance....
Nominations and submissions have opened for this year’s Super Fund of the Year Awards for two individual categories....
Australian Super, which has $315 billion in member assets and 3.3 million members, has shared its annual returns for the FY23-24....
The $280 billion Australian Retirement Trust is the first superannuation fund off the block to report its performance for the 2023-24 financial year....
LIFE/RISK
Policy and advocacy specialist Benjamin Marshan has left the Council of Australian Life Insurers after less than a year, having joined in March from the Financial Plannin...
The declining volume of risk advisers meant KPMG has found a rising lapse rate for insurance policies arranged by independent financial advisers, particularly in the TPD ...
The Life Insurance Code of Practice has transferred from the Financial Services Council to the Council of Australian Life Insurers....
The firm has announced it will no longer be writing new life insurance policies in the retail advised and corporate group insurance channels, citing a declining market an...
ASIC has issued its first interim stop order on two life insurance products from ClearView Life for DDO failures....
ACCOUNTING
Australian Ethical has reported its net profit after tax (NPAT) fell 15% to $9.6 million for the year ended 30 June, while its underlying profit after tax (UPAT) declined...
Insignia Financial has announced a 59% increase in its underlying net profit after tax (UNPAT) to $234.5 million in FY22....
Having completed their educational qualifications, those advisers who remain in the industry are reporting being “run off their feet” with new clients....
With October being Mental Health Month, it’s a good opportunity for people in the profession to look out for each other’s mental health....
The Administrative Appeals Tribunal has rejected an application by a former tax agent to stay a Tax Practitioners Board decision to terminate his registration with the ma...
POLICY & REGULATION
Compliance professionals working in financial services are facing burnout risk as higher workloads, coupled with the ever-changing regulation, place notable strain on sta...
Treasurer Jim Chalmers has handed down his third budget, outlining the government’s macroeconomic forecasts and changes to superannuation....
The central bank has announced its latest rate decision amid stubborn inflation and increasing geopolitical tension....
Government has introduced a bill to Parliament to legislate the first stream of the QAR reforms....
ASIC now has a 1:1 ratio when it comes to court success in the enforcement of crypto activities and more action is expected as Treasury seeks to introduce a regulatory fr...
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MARKET INSIGHTS
Podcast
How much did IRESS pay Deloitte for this analysis? Not sure they are the arbiter of intelligent forecasting in this spac...
Article makes no comment that the advisers leaving industry are older and have many years of work an life experience w...
This article appears to overlook the fact that there must be a fairly large group of advisers who missed out on the expe...