wholesale investing

People & Products

Apostle appoints head of wholesale director

Apostle Funds Management has appointed the newly created position of director, head of wholesale as the firm expands its Australian footprint in the wholesale sector....

Funds management

Fund managers pivoting to wholesale over retail investors

Australian investment managers are pivoting away from retail investors and towards the allure of private clients, according to Sentient Group, while the sophisticated inv...

Funds management

FSC says $5m net asset test crucial to protect investors

The Financial Services Council says the sophisticated investor test needs to be updated to protect consumers....

Funds management

Potential side effects flagged for sophisticated investor test changes

Two potential side effects have been flagged around changes to the sophisticated investor test following a recent Treasury consultation, which could see thousands of inve...

Financial planning

FSC and SIAA buck call for changes to sophisticated investor test

The FSC and SIAA have recommended against major changes to the income or product values for the sophisticated investor test, despite a spike in eligible investors, as the...

Financial planning

Wholesale investor eligibility spikes by 700%

The number of people eligible for the wholesale investor test has risen by more than 700 per cent since its introduction, and advisers need to ensure they are making thei...

Financial planning

Millions of consumers put at risk from wholesale investor test

The FAAA is concerned about consumers without the necessary knowledge to invest in managed investment schemes being classified as wholesale investors, as the number of pe...

Funds management

Bare trust could benefit investors

Sophisticated or wholesale investors looking to invest together through one legal entity should consider using a bare trust, the Fold Legal has recommended....