Bradbury establishes ETF consultancy
One of the people involved in the early days of the exchange-traded fund (ETF) market, former iShares director Tim Bradbury, has established a consulting and training business aimed at helping financial advisers, institutions and ETF issuers.
Announcing the launch of his new business this week, Bradbury pointed to the fact that investor awareness of ETFs was continuing to grow.
"Investor awareness of the unique advantages of ETFs is continuing to climb," he said. "While ASX figures show market capitalisation has risen only 2.8 per cent to $4.2 billion in the 12 months to the end of November, there are now 50 ETFs trading, which is twice the number of two years ago."
Bradbury said that, significantly, the variety and choice of ETFs would continue to increase as the market matured - something which had been evident in overseas markets.
"In this environment, financial advisers and institutions that do not grasp the opportunities with both hands right now may be left behind," he claimed.
"There will be more issuers entering the market in 2012 and the number of ETFs offered will jump when the main issuers start offering fixed interest ETFs for the first time early in the new year," he said.
Recommended for you
A quarter of advisers who commenced on the FAR within the last two years have already switched licensees or practices, adding validity to practice owners’ professional year (PY) concerns.
Integrated wealth and financial services group Rethink has launched a financial planning arm called Rethink Wealth to expand beyond property investing and into holistic wealth management.
While adviser numbers continue to slowly creep back up, the latest Wealth Data analysis reveals they would actually be in the green for the calendar year if it weren’t for so many losses in the limited advice space.
Iress has appointed a chief AI officer to spearhead the fintech’s strategic focus on AI, with chief executive Marcus Price describing how the technology opens the doors to a “new frontier for wealth advice”.
