Powered by MOMENTUM MEDIA
moneymanagement logo
 
 

Betting on a loser

Outsider/

24 August 2018
| By Outsider |
image
image image
expand image

A day is a long time in politics and Outsider reckons an hour became a long time in politics in late August as Money Management conducted its Future of Wealth Management conference on the Gold Coast at the same time the Liberal Party was trying to sort out its leadership crisis.

Just how quickly things in Canberra were moving was made clear when Investment Trends chief executive, Michael Blomfield told Outsider that he had made a bet that Australia could have a new prime minister before he finished his conference presentation on Key Trends in Advice.

Given that Blomfield was scheduled to speak for 30 minutes, Outsider wondered whether Blomfield had misjudged the odds.

For his part, Outsider reckoned it was far more likely that any change in Prime Minister would occur on the closing day of the conference, Friday, enabling politicians to do their dirty work before adjourning to their electorates to determine what the voters might think.

As Money Management went to press it was safe to say that Blomfield had done his dough but Outsider still had high hopes of walking away with a dividend.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

3 weeks 3 days ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

1 month ago

So we are now underwriting criminal scams?...

7 months ago

After last month’s surprise hold, the Reserve Bank of Australia has announced its latest interest rate decision....

3 weeks 5 days ago

While the profession continues to see consolidation at the top, Adviser Ratings has compared the business models of Insignia and Entireti and how they are shaping the pro...

1 week 4 days ago

ASIC has released the results of the latest adviser exam, with August’s pass mark improving on the sitting from a year ago. ...

2 days 9 hours ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND