Almost 10m Australians using Moneysmart
ASIC’s consumer-focused general financial advice website Moneysmart achieved almost 10 million users during the past financial year.
August 07, 2023
Uncertainty among clients reflected in plunge in adviser sentiment: CoreData
Economic uncertainty has seen a flight to cash among high-net-worth investors, and more clients opting to work longer and retire later. This downturn in sentiment is rubbing off on advisers, who are also forecasting a less rosy quarter ahead.
August 07, 2023
With great data, comes great responsibility
Good advisers never stop asking questions, making it imperative for advice businesses to have an efficient system for gathering, storing and updating data, Paul Moran writes.
August 07, 2023
HESTA managing almost 10pc of its portfolio in-house
Industry super fund HESTA is now internally managing almost 10 per cent ($7 billion) of its portfolio in-house, eighteen months after it launched its internalisation strategy.
August 04, 2023
‘No regrets’: Six Park CEO still bullish on digital advice model
Robo-adviser Six Park is hopeful that a digital financial advice market can still thrive in Australia, even as it shuts down its investment management service. CEO Pat Garrett says the “slow-moving” QAR process and risk-averse culture stopped the seven-year-old start-up from attracting big dealer groups and institutional clients.
August 04, 2023
Dixon Advisory director taken to court by ASIC
Dixon Advisory director Paul Ryan will face civil charges for alleged breaches of director duties after ASIC alleges he made decisions that were to the advantage of Dixon holding company E&P Operations – where he was also a director – rather than the insolvent firm's creditors.
August 04, 2023
AI-powered platforms aiming to aid advice
Far from replacing advisers, artificial intelligence will play a necessary role in streamlining the advice process, according to two service providers. Amid a talent shortage of planners and support staff, AI services will be used in the background to support the process leaving human advisers to build client relationships.
August 04, 2023
Govt opens consultation on MIS review
The Albanese government has released a consultation paper examining the regulatory framework for Managed Investment Schemes to ensure it remains fit‑for‑purpose and effectively protects investors from unnecessary financial risk.
August 04, 2023
Cbus Super appoints head of portfolio strategies
Industry super fund Cbus Super has appointed Leigh Gavin as head of portfolio strategies to help implement its five-year strategy to internalise over half its assets under management and improve global partnerships to gain access to more investments.
August 04, 2023
CFD crackdown presents a financial advice opportunity
ASIC’s lawsuit against online broking giant eToro is an example of where the corporate regulator and professional financial planners are singing from the same hymn sheet. The next generation of investors must be encouraged and educated, not ridiculed, writes Aleks Vickovich.
August 03, 2023
