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

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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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.

AZ NGA enacts latest partnership with national firm

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

| By Laura Dew |

Financial planning

AZ NGA has entered into a strategic partnership with national advice firm MiQ Private Wealth, as a way to provide a succession solution, as well as career development opportunities for staff.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Exam passes push adviser numbers back to positive

Wealth-Data/adviser-numbers/adviser-exam/AFSLs/

| By Shy-Ann Arkinstall |

Financial planning

Off the back of the August adviser exam results, the profession has seen 17 new entrants hit the Financial Adviser Register (FAR) this week, helping numbers return to positive territory.

AUTHOR

Shy-Ann Arkinstall

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Balancing client fees and operating costs to avoid the ‘58% club’

Adviser-Ratings/revenue/profitability/advice-fees/

| By Shy-Ann Arkinstall |

Financial planning

While the advice profession struggles under growing operating costs, Adviser Ratings has found more than half of practices – some 58 per cent – that generate less than $250,000 in revenue report no profit at all.

AUTHOR

Shy-Ann Arkinstall

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Court freezes assets of $160m managed investment scheme entities

ASIC/court/managed-investment-scheme/

| By Staff |

Financial planning

The Federal Court has ordered the freezing of assets and the appointment of receivers to two entities linked to Australian Fiduciaries, ASIC’s latest move in an ongoing investigation into the company’s managed investment schemes.

AUTHOR

US equity fund underperformance drives GQG outflows

GQG-Partners/fund-flows/

| By Laura Dew |

Funds management

Outflows of US$1.4 billion from its US equity funds have contributed to GQG Partners reporting its highest monthly outflows for 2025 in August.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Perpetual appoints JOHCM CEO in brand refresh

Perpetual/appointment/CEOs/global-equity/

| By Laura Dew |

Funds management

Perpetual has appointed a new CEO for affiliate J O Hambro Capital Management, as it tries to stem outflows and refresh the brand.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

View articles by Laura