Portfolio Construction Guide 2025: A comprehensive guide to portfolio construction for financial year 2024–25

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Welcome to our Money Management special report, where we explore and demystify five asset classes for financial advisers.

This report is divided into five chapters, each featuring insights from a manager specialising in their respective field. Our partners provide analysis on the performance of their asset classes, their integration into client portfolios, and the current opportunities they observe.

Specifically, this e-book will cover:

  • Global equities with Capital Group 
  • Commercial real estate opportunities with Metrics Credit Partners 
  • Global private credit with Pengana Capital Group 
  • Australian small-cap equities with Maple-Brown Abbott 
  • Retirement income with Allianz Retire+

On behalf of Money Management and our partners, we hope you enjoy this report.

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An Interview with David Koch, Money Management founder

As we approach Money Management's 30th Anniversary gala, Managing Editor, Mike Taylor, sat down with media heavyweight and Money Management founder, David Koch, to trace the genesis of Australia's longest-running financial services publication, and the colourful personalities that have shaped the industry.

As we approach Money Management's 30th Anniversary gala, Managing Editor, Mike Taylor, sat down with media heavyweight and Money Management founder, David Koch, to trace the genesis of Australia's longest-running financial services publication, and the colourful personalities that have shaped the industry.

Passive and ETF dominance dampening Australia’s M&A environment

ETF/passive/M&A/

The dominance of passive funds is having a knock-on effect on Australia’s M&A environment by creating a less responsive shareholder base, according to law firm Minter Ellison.

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AUTHOR

Morningstar reverts to human ratings after AI backlash

Morningstar-Australia/ratings-houses/fund-ratings/AI/

Morningstar Australasia is scrapping its controversial use of algorithm-driven Medalist ratings in Australia next year and confirmed all ratings will now be provided by human analysts.

AUTHOR

Robo-advice gaining traction among young investors

robo-advice/digital-advice/

Demand for robo-advice tools is rising, a report has shown, but this is occurring simultaneously with rising demand for professional face-to-face advice.

AUTHOR

Relative Return Insider: GDP rebounds and housing squeeze getting worse

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| By Staff |

In this episode of Relative Return Insider, host Keith Ford and AMP chief economist Shane Oliver discuss the September quarter GDP figures, which show Australia’s economy regaining momentum.

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The Manager Mix – Alternatives: Haley Devine of MaxCap Group

Alternatives/

| By Staff |

In this new episode of The Manager Mix, host Laura Dew speaks to Haley Devine, head of wealth management at MaxCap Group, to delve into private credit and commercial real estate.

AUTHOR

ASIC releases November adviser exam results

ASIC/exam/adviser-exam/

ASIC has released the results of the latest financial adviser exam, held in November 2025.

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AUTHOR

Adviser numbers see steepest decline since EOFY

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Adviser exits have reported their biggest loss since June this week, according to Padua Wealth Data, kicking off what is set to be a difficult December for the industry.

AUTHOR

The dual dilemma: Should practice owners keep their client books?

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Financial advisers often find themselves taking on the dual role of adviser and business owner but a managing director has suggested this leads only to subpar outcomes.

AUTHOR

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