‘Always more complexity’ serving HNW clients
The number of high net worth and ultra HNW individuals is tipped to continue grow significantly over the next five years, meaning they will continue to be an attractive opportunity for advice practices. However, advisers note the unique needs required to serve these clients.
April 29, 2024
KKR in play for Perpetual’s wealth arm
Perpetual shares entered a trading halt on Monday morning after the company confirmed media speculation it had entered into talks with US private equity giant KKR to acquire its corporate trust and wealth management business.
April 29, 2024
Australians switch financial habits due to rising cost of living: Findex
The majority of Australians (81 per cent) had to change their investment and saving goals in the last 12 months with the primary reason (44 per cent) being the rising cost of living, according to a Findex research.
April 29, 2024
Australians boost super to fend off economic uncertainties: Research
Australians want to contribute more to their retirement savings during times of economic uncertainties, research by Equip Super found.
April 29, 2024
‘We all have blind spots’: Getting the most from client feedback
Client feedback isn’t always positive and sometimes, it can have a significant impact on how financial advisers run their business. The challenge for practices is understanding the nuance to criticism and how that can be turned into reactive recommendations.
April 26, 2024
Gimme shelter: The hidden reason the RBA should cut rates now
Inflation is really only persistent if it’s not being measured properly. There are some big false signals lurking in the data, and if those are acknowledged then it’s clear that inflation has been tamed and the case for the US Federal Reserve to immediately cut rates – and for the Reserve Bank of Australia to follow – is compelling, writes Ron Bewley.
April 26, 2024
Future Fund adds $17.2 billion in financial year to date
Australian sovereign wealth fund Future Fund has returned 8.3 per cent in the financial year to date, adding $17.2 billion during the period and taking the overall assets under management to a record $223.4 billion.
April 26, 2024
March exam sees 70pc pass rate
Some 70 per cent (210 candidates) have passed the March 2024 ASIC adviser exam, the first sitting since the exam structure was updated.
April 26, 2024
Principals’ Community warns on advice salary expectations
Data shared by The Principals’ Community with Professional Planner outlines the growth of salaries across adviser and support roles – and while there is a decent jump, managing director Kon Costas has warned against unrealistic salary increase expectations that just aren’t in-line with business realities.
April 24, 2024
JAWG pushes for education changes
The Joint Associations Working Group has recommended to government a more flexible education standard for new entrants and career changers.
April 24, 2024
Otivo appoints head of product strategy amid super fund demand
Digital advice provider Otivo has appointed Joanna Lawson as head of product strategy, citing demand from super funds seeking to offer their members accessible and licensed financial advice as the reason for the appointment.
April 24, 2024
Get wise on alternatives, whether you want to or not
Client-led demand for alternative investments means advisers need to have at least a working knowledge of what they are and what they bring to a portfolio. Increasingly, clients – particularly wealthy ones – are going to be sitting in advisers’ offices asking questions they expect answers to.
April 24, 2024
