Consultation opens on super performance test design

Superannuation/performance-test/Jim-Chalmers/treasury/

| By Rhea Nath |

Treasurer Jim Chalmers has opened a consultation into the design of the annual superannuation performance test, canvassing views on a range of reform options.

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Superannuation

performance test

Jim Chalmers

treasury

AUTHOR

Rhea Nath

Rhea L Nath is a journalist at Money Management. She has previously worked as a business reporter with Dynamic Business and journalist in the multicultural media with Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.

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Zenith Partners

Zenith Partners transform businesses by providing and facilitating private investment, corporate advisory and business transformation expertise.

Salaries taking up almost half of advice firm revenues

recruitment/Business-Health/salaries/remuneration/

| By Laura Dew |

Financial planning

Advice practices say salaries are taking up almost half of their revenue as the battle for talent heats up in an environment of adviser shortage, according to Business Health and the FAAA.

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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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How much would unadvised Aussies pay for advice?

investment-trends/advice-fees/

| By Jasmine Siljic |

Financial planning

Investment Trends has uncovered the amount of money unadvised Australians are prepared to pay for financial advice, with 1.3 million individuals planning to see an adviser in the next two years.

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investment trends

advice fees

AUTHOR

Jasmine Siljic

Jasmine Siljic is a journalist at Money Management. Prior to joining MM, she also worked across other Momentum Media brands as an intern and cadet journalist. She recently completed a Bachelor of Media and Communications at Macquarie University.

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Cash is king for practice buyers

cash/selling/financial-advice/Radar-Results/

| By Laura Dew |

Financial planning

Almost half of financial services businesses are being sold for cash with sales of up to $8 million, significantly reducing the time taken for parties to transact.

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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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Platinum reports largest net outflows for six months

Platinum/Andrew-Clifford/FUM/fund-flows/

| By Laura Dew |

Funds management

Hot on the heels of announcing its turnaround strategy, Platinum Asset Management has shared its latest fund under management figures, reporting its largest outflows for six months.

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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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Women in Finance Podcast: Building a brand that lasts

Podcast/Relative-Return/

| By Robyn Tongol |

There are so many amazingly successful women in the finance industry, but only a small number have a strong bran

AUTHOR

Calastone appoints former Bravura CEO for tech role

Calastone/fund-management/technology/

| By Laura Dew |

People & Products

Former Bravura chief executive, Nicholas Parsons, has taken up a new role at funds network Calastone as it looks to bring a digital investment strategy to market.

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Calastone

fund management

technology

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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How advice firms can better support female advisers

financial-advice/female-advisers/gender-equality/gender-diversity/

| By Laura Dew |

Financial planning

An award-winning female adviser has shared how advice firms can better support their female staff and make the workplace a more accommodating environment, as only a small percentage of financial advisers are female.

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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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Sequoia suffers ‘rare’ weekly adviser loss

Wealth-Data/Colin-Williams/Sequoia/AMP-Group/WT-Financial-Group/Countplus/insignia-financial/

| By Jasmine Siljic |

Financial planning

Sequoia has seen a net loss of seven advisers this week, with Wealth Data founder Colin Williams describing it as a “rare” occurrence given the group’s strong growth in 2023.