SIAA ‘fundamentally opposes’ ASIC’s naming and shaming IDR approach

siaa/ASIC/breach-reporting/AFSLs/

The industry body has expressed its strong opposition towards ASIC's plans of publishing reportable situations data, describing it as a “completely inappropriate use of data”.

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FAAA and accounting bodies release guidance for tax deductibility of advice fees

Sarah-Abood/tax-deductable-advice/advice-fees/ca-anz/

In conjunction with the accounting associations, the FAAA has released a comprehensive guide breaking down what advisers need to know about tax deductibility of advice fees for their clients.

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Access to advice deemed urgent as cost-of-living crisis persists

CFS/colonial-first-state/financial-advice/

Higher cost-of-living challenges are placing significant strains on Australians’ mental and financial wellbeing, according to CFS, while access to crucial guidance remains out of reach for most.

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Pendal to terminate Asian fund due to ‘small size’

pendal/Pendal-Group/Asia/

Pendal is set to shutter its Asian Share Fund in August as it has “little prospect” of significant growth in funds under management.

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Relative Return: What it means to be a contrarian investor

Podcast/Relative-Return/

In this episode of Relative Return, host Laura Dew chats with Zahid Kassam, portfolio manager at MFS Investment

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Australia playing catch up in alts investment market

Alternatives/private-markets/blackrock/Franklin-Templeton/

Australia’s alternative investment market is set to enjoy further evolution and growth thanks to innovation overseas, predicts BlackRock and Franklin Templeton.

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Aussie advisers garner higher client loyalty than global peers

client-relationships/financial-advice/wealth-management/

An EY report has revealed Australians are more loyal to their advisers than the global average, highlighting relationship-building opportunities amid market changes.

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How this hedge fund start-up is reinventing stockpicking through AI

artificial-intelligence/funds-management/investment-management/

Hedge fund manager Minotaur Capital is taking an AI-led approach to sourcing investment opportunities, comparing the adoption of AI to that of Microsoft Excel in the 1990s.

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Advice sector welcomes stability ahead of retiree wave

Adviser-Ratings/financial-advisers/

The financial advice profession has reached a period of relative stability, according to Adviser Ratings, enabling industry participants to prepare for the incoming silver tsunami.

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DASH teams up with private markets fintech

dash/private-markets/financial-advisers/

The technology group has announced a strategic partnership with global alternatives fintech firm, S64, to improve adviser access to private markets.

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