Macquarie Adviser Services satisfied with cash solutions
Macquarie Adviser Services this week released the results of its annual in-house survey constructed to measure financial adviser opinions on its cash solutions.
The survey, which has been in use since 2004, tracks the views of financial advisers using Macquarie's suite of cash solutions such as the Macquarie Cash Management Account (Macquarie CMA) and Macquarie Bank Term Deposits.
According to Macquarie, almost 300 financial advisers and support staff took part in the survey, and provided an average overall satisfaction rating for Macquarie's cash solutions of 8.4 out of 10 - the highest in the survey's history, with the Macquarie CMA achieving 8.5 out of 10.
This saw more than 50 per cent of advisers rating the cash hub nine or 10 out of 10.
Commenting on the survey outcome, Macquarie Adviser Services head of cash product Peter Forrest claimed the results were testament to the ongoing enhancements the business was making to its cash offerings.
Recommended for you
The Financial Advice Association Australia has implored advisers to reevaluate their exposure to AML/CTF obligations ahead of new reforms that will expand their compliance requirements significantly.
With UBS Asset Management chief executive, Alison Telfer, set to join Schroders, the firm has appointed a company veteran as her interim successor.
Compared to four years ago when the divide between boutique and large licensees were largely equal, adviser movements have seen this trend shift in light of new licensees commencing.
As ongoing market uncertainty sees advisers look beyond traditional equity exposure, Fidante has found adviser interest in small caps and emerging markets for portfolio returns has almost doubled since April.

