YBR extends Smarter Money product
Yellow Brick Road Holdings has launched a new "active cash" product — YBR Smarter Money — into the financial planning and Asian markets.
The company described the product as being an independently rated managed fund that invests in Australian deposits and high quality Australian bonds, targeting returns of 1 per cent to 2 per cent above the RBA cash rate after all fees.
It said that since inception, the product had returned investors over 6 per cent annually after fees (depending on the unit class), providing a very competitive savings alternative for investors.
Commenting on the move, YBR chief executive Matt Lawler said the company believed the product had been impressive, considering that most of the inflows had only been sourced from direct investors and Yellow Brick Road branches.
"With a two-year track record and a reputation for consistent performance, Smarter Money is capturing the attention of savvy investors as a credible diversifier in the active cash and fixed interest asset classes," he said.
Recommended for you
Centrepoint Alliance has overtaken Count as the second largest AFSL with more advisers in the pipeline and strong EBITDA growth predictions for FY2026.
ASIC has released an update to its regulatory guidance on managing conflicts of interest for financial services businesses on the back of its primate markets surveillance.
Sequoia Financial Group has flagged a series of non-cash impairments for the first half of FY26, citing exposure to Shield and First Guardian and provisions for potential professional indemnity insurance claims.
The Australian Wealth Advisors Group has completed two strategic investments, doubling its number of authorised representatives and increasing its FUMA by more than $1 million.
