Family offices show little appetite for outsourcing investment
Family offices globally will continue to position their core offering as investment managers, maintaining small staff headcounts and outsourcing non-core responsibilities, according to a report from UBS.
May 24, 2024
Create a tech stack, not a tech pile
It’s tempting to take on more technology that sounds appealing or can potentially solve a problem in isolation, but if it doesn’t effectively integrate into a practice’s tech stack it can quickly turn into a mess, further hampering business efficiency while adding costs.
May 23, 2024
CFA Institute launches private equity certificate
The CFA Institute has launched a new Private Equity Certificate, tailored to private equity professionals with one to three years of experience.
May 23, 2024
Aware Super wins top categories at Chant West Awards
Aware Super has taken home ‘super fund of the year’ and ‘pension fund of the year’ titles at the Chant West Awards 2024.
May 23, 2024
ASIC issues DDO stop orders against CFD provider Trademax
ASIC has made two interim stop orders preventing Trademax Australia from opening trading accounts or dealing in contracts for difference (CFDs) or margin foreign exchange contracts (margin FX) to retail investors.
May 23, 2024
Former Millennium3 CEO to lead advice firm Nestworth
Advisory firm Nestworth Financial Strategists has appointed former Millennium3, Lonsdale and IOOF Alliances chief executive Helen Blackford as CEO.
May 23, 2024
Licensees left with the burden of proof on experience pathway
Guidance on the experience pathway shows advisers will not be required to provide proof of their eligibility, just a written statement. While serious penalties apply to advisers and licensees over the veracity of the declaration, it’s up to the latter to do due diligence.
May 22, 2024
ETFs and managed funds compete with property in SMSF allocations
Investing in direct property via SMSFs is an attractive opportunity for those wanting to become their own trustee, but Investment Trends research shows those funds end up being just as or more likely to be invested in ETFs, managed funds and direct shares.
May 22, 2024
No sibling rivalry within CFS as Edge hits $1b milestone
CFS will continue to throw its weight behind both its FirstChoice and Edge, avoiding any chance of a sibling rivalry between platforms. It comes amid strong growth in the early stages of Edge which Professional Planner can reveal has hit $1 billion in FUA.
May 22, 2024
Mine Super, TWUSUPER bump merger completion to 2025
Mine Super and TWUSUPER have completed the first phase of their merger, though the completion date has been pushed out to early 2025 “to focus on a smooth transition”.
May 21, 2024
Change wholesale investor thresholds but grandfather current investors: FSC
The Financial Services Council has put its support behind updating the wholesale investor test thresholds but says existing clients and investors should be permanently grandfathered to mitigate any negative consequences. If the threshold isn't raised, the FSC has recommended removing the family home from the calculations.
May 20, 2024
