Magellan has warned a black swan event ‘cannot be ruled out’ given the current banking crisis but reassured investors in its $7.2 billion Global fund that it has minimal banking exposure.
Female investors hold different financial drivers, beliefs and goals than their male counterparts, which need to be unpacked for a successful adviser-client relationship.
Some 80% of retirees say they are already negatively feeling the impact of inflation and the majority are concerned it will mean they run out of money, according to Challenger.
A Victoria-based licensee has reported the highest volume of adviser growth since the start of the year, according to Wealth Data.
The $2.8 billion flagship Schroder Real Return fund is holding its lowest weighting to equities since inception in 2008, as its managers are opting to hold cash for unexpected opportunities instead.
Members of the financial planning industry have shared with Money Management how they believe the Professional Year could be further developed.
A former chief executive of financial planning at ANZ has taken up a role as the head of a major superannuation fund.
MLC has internally appointed two joint heads of the capital markets research team and co-portfolio managers of choice products.
Alternative asset manager Morrison & Co has hired a senior BlackRock executive to join its board as non-executive director.
Financial advice technology provider Asendium has announced a partnership with FYG Planners as a key supplier of advice software.
