Aussie millennials leading pandemic investment surge
An opportunistic mindset is seeing Aussies aged between 24 and 39 turn to investing during the pandemic era, reflecting a global trend for younger investors to take advantage of current volatility.
September 10, 2020
‘We don’t hire advisers, we build them’: Paul Ashworth
After coming out of the last recession with wind in his sails, Cameron Harrison Private managing partner Paul Ashworth reckons he has the experience - and the talent around him - to navigate this one.
September 10, 2020
Advice on the brink of standardised growth/defensive metrics
Work is underway - at last - to standardise the way growth and defensive assets are classified. The hope is that this will not only provide more certainty around portfolio construction, says David Bell, but enhance the way we define, measure and communicate risk.
September 09, 2020
Ray Dalio laments: ‘We’re at each others’ throats’
Despite the benefits of globalisation and capitalism, wealth inequality has created conflicts that can only be addressed with bipartisan policy and a focus on the common good, according to the high-profile hedge fund manager and philanthropist.
September 08, 2020
Intra-fund is no substitute for holistic advice
The emerging advice gap has reinvigorated industry discussions about the future of advice and the part super fund advisers will play. While intra-fund advice plays an important role in the financial system, the data shows it is no substitute for full service financial advice.
September 08, 2020
Structural rethink needed for advice industry
Advice regulation isn't particularly well-designed, but with some holistic thinking and a tweaked mandate for the Single Disciplinary Body the industry can reshape into something that is fit for purpose. Conrad Travers and Selin Ertac write for Professional Planner.
September 07, 2020
IOOF discards MLC licensees and shuts down FSP
CEO Renato Mota said the group has taken the "very deliberate" decision to de-risk the MLC acquisition by leaving most of its licensees behind and asking advisers to come across to IOOF’s own brands. Additionally, IOOF has wielded the axe to its FSP brand and taken another step towards a simpler, salaried adviser model.
September 05, 2020
Aussies more realistic about returns: Schroders
While Australians are more conservative in their investment outlook, Schroders CEO Chris Durack says they still might be in for disappointment. Spare a thought for investors in the Americas, who expect a total return of 13.1 per cent per annum over the next five years.
September 04, 2020
Remediation, simplicity and BOLRs: Why IOOF left MLC licensees behind
IOOF's decision to leave some of the industry’s most iconic licensees in the hands of MLC left some scratching their heads, but head of advice Darren Whereat says there were a handful of reasons behind the move.
September 04, 2020
Advice industry ‘in much worse shape than it was in 2010’: Cooper
The digitisation of financial services and advice could be an opportunity to rethink regulation and policy and address settings that were brought about in the 1990s, Jeremy Cooper said during a live broadcast on Thursday.
September 03, 2020
No time to practice the golf swing: John Rowbottam
The lack of separation between work and home life has taken some getting used to for Shadforth adviser John Rowbottam, but he isn't complaining.
September 02, 2020
