Pull over and make way for the wild ones
If you were in any doubt that inside every financial services type is a hell’s angel struggling to get out, then look no further than the recent Corners for Kids Motorcycle Rally.
More than 40 industry heavyweights swapped their business suits for leathers and boots for the day to raise a total $38,500 to help fund the Inspire Foundation’s Reach Out web site.
The rally, which is an annual event, began and ended at Richmond in Sydney’s north west, following a circuitous route through the Snowy Mountains and back to Sydney via the South Coast.
Mercifully for townsfolk along the route, the competitive instincts of the thunderous horde of planners appear to have been kept in check for the day.
Sponsors the Investment and Financial Services Association (IFSA), the Financial Planning Association and the Securities Institute of Australia have confirmed the rally passed without incident in the way of fines or arrests.
However, that didn’t stop the riders, who included former IFSA head Lynne ‘Easy-Rider’ Ralph and Skandia’s Charles ‘Agro’ Magro, having a rollicking good time.
The rally, which was part of a number of other charity events conducted in the financial services industry over the last few months, has contributed towards raising a total of $103,000 for the Inspire Foundation.
Recommended for you
With the final tally for FY25 now confirmed, how many advisers left during the financial year and how does it compare to the previous year?
HUB24 has appointed Matt Willis from Vanguard as an executive general manager of platform growth to strengthen the platform’s relationships with industry stakeholders.
Investment manager Drummond Capital Partners has announced a raft of adviser-focused updates, including a practice growth division, relaunched manager research capabilities, and a passive model portfolio suite.
When it comes to M&A activity, the share of financial buyers such as private equity firms in Australia fell from 67 per cent to 12 per cent in the last financial year.