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.

Adviser shortage drives ETF growth for cost and convenience

ETF/managed-account/State-Street-Global-Advisors/outlook/

The ongoing adviser shortage is a key driver behind advisers’ increased use of ETFs and managed accounts, according to an industry expert, fuelled by the need for cost and efficiency savings.

AUTHOR

How can a ‘North Star’ business plan boost profitability?

Business-Health/advice-business/profitability/strategy/

A business consultant believes there is a proven correlation between advice businesses that develop and commit to a clear business plan and those that see higher profit outcomes, but only when done correctly.

AUTHOR

Tyndall brand to go in fund restructure

tyndall/asset-manager/restructure/launch/

Tyndall Asset Management is to close down the Tyndall brand and launch a newly-branded affiliate following a “material change” to its client base.

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AUTHOR

First Sentier lists second active ETF

first-sentier/active-ETF/fund-launch/Australian-Shares/

First Sentier has launched its second active ETF, offering advisers an ETF version of its Ex-20 Australian Share strategy.

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AUTHOR

AI euphoria unnerves LGT Wealth

AI/lgt-crestone/outlook/US-equities/

LGT Wealth Management is maintaining a neutral stance on US equities going into 2026 as it is worried whether the hype around AI euphoria will continue.

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AUTHOR

Intelliflo unveils AI integration partnership

intelliflo/AI/advice-technology/efficiency/integration/

Advice technology solution intelliflo has launched an integration with fintech firm FAYBL to introduce AI capabilities across the intelliflo office offering to boost efficiency.

AUTHOR

Interprac reputational risk prompts self-licensing consideration

InterPrac/self-licensing/dealer-group/AFSL/

ASIC’s court case with Interprac is causing advisers to explore the possibility of self-licensing, according to My Dealer Services, as they observe the reputational damage it can bring to a practice.

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AUTHOR

AZ NGA enters strategic partnership with Sydney advice firm

AZ-NGA/advice-business/M&A/

AZ NGA has entered a strategic partnership with a Sydney advice firm with $600 million in assets under advice to support its succession plans and future growth.

AUTHOR

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