BlackRock to launch US Treasury Bond ETF in Australia
BlackRock Australia is set to introduce the iShares U.S. Treasury Bond (AUD Hedged) ETF (IUSG) later this month, with a fee of 15 basis points.
September 06, 2023
CFS announces “next generation” managed accounts exclusive to Edge
Colonial First State has announced the “next generation” of managed accounts to its new Edge platform, the CFS Edge Accelerate Series, which will be available later this year.
September 06, 2023
CALI launches grant program to female risk advisers
The Council of Australian Life Insurers has launched a program called the 'ReCALIbrate: A Chance For Women to Reshape Life Insurance' to help get more women into risk advice.
September 06, 2023
Cbus reshapes executive team
The $85 billion industry fund Cbus has made several executive appointments across its investment, strategy, transformation, and operations divisions.
September 06, 2023
‘Pandora’s Box’: Sequoia sees little upside to licensee M&A
As it closes the Libertas licensee business, listed group Sequoia Financial Group is reaping the rewards of buying equity in advice firms rather than by achieving scale through buying other licensees. However, the firm is looking for outright acquisitions in practices where the advisers can instead be employees of Sequoia.
September 05, 2023
‘Spirit of the law’: Profile divests managed funds business
Profile Financial Services has divested its two managed funds to WTW Australia. Despite receiving legal advice and approval from the corporate regulator, CEO Lena Ridley says having them owned by an independent entity is the right thing to do in the current regulatory environment.
September 05, 2023
Northern Trust appoints asset servicing head
Global asset servicing firm Northern Trust has appointed Aisling Keane as head of asset servicing for its operations in Hong Kong.
September 05, 2023
Spark Financial partners with sustainable investment firms
National dealer group Spark Financial has partnered with platform Oko Advisers and client software Voyant to help its financial advisers offer sustainable investment options and enhance their ability to manage practice finances effectively.
September 05, 2023
Natixis expands AFSL to serve retail clients
Natixis Investment Managers has expanded its AFSL allowing it to promote to retail clients.
September 05, 2023
‘Feel for them’: Digital advice pioneer pivots to super funds
As super funds take on a bigger role in financial advice, MoneyGPS will roll out a white label product to help mitigate the impact of a lagging response to the retirement income covenant. The move comes as rivals in the fledgling digital advice market have failed or been acquired.
September 04, 2023
Managed account fees confound clients
Clients often grapple with managed account fees, according to Zenith head of consulting Steven Tang. The crux of the issue lies in the intricate interplay of historical fee averages and convoluted structures, leading to a lack of transparency in discerning the actual costs involved.
September 04, 2023
ASIC halts K2 affiliated fund
ASIC has issued an interim stop order on Storehouse Residential Trust, a managed fund promoted by K2 Asset Management.
September 04, 2023
