PFL: $12.8bn fall in retail managed funds during March quarter 2016
Overall Retail Managed Funds ended the year to March little changed, only marginally down by 0.7% at $745.1bn. During the March quarter they declined 1.7% with around half this fall due to investment markets, which remain volatile and directionless, reversing part of the strong performance they experienced in the December quarter. Over the past year
June 15, 2016
PFL: $24.6bn Fall in wholesale funds during March quarter 2016
Overall Wholesale Funds at the end of March totalled $799.6bn, down by 4.5% over the past year. Lower reported Inflows not offset by an equivalent drop in Outflows and continuing volatility on underlying investment markets saw Wholesale Funds fall 3.0% during the latest quarter. All of the Wholesale sub-markets ended the last twelve months lower
June 15, 2016
Shopping centre investment fundamentals require review
The tailwinds that have driven the profitability of shopping centres over the last 25 years are petering out, and investors may need to review their approach to the asset class to ensure they remain exposed to the best opportunities, said Chris Bedingfield, portfolio manager at global real estate investment manager Quay Global Investors. “For the
June 15, 2016
LIM Advisors calls on AMP Capital to allow unitholders to decide the future of AGF
LIM Advisors calls on AMP Capital to allow unitholders to decide the future of AMP Capital China Growth Fund amidst continued underperformance and weak corporate governance. LIM believes the discount to Net Tangible Assets (NTA) on the units of the AMP Capital China Growth Fund (AGF) remains unacceptable and calls on the Responsible Entity (RE)
June 15, 2016
Fintech MoneyMe progresses diversified lending platform, entering phase ‘2.0’
Consumer fintech startup, MoneyMe, has announced it’s launch into what they’re calling ‘MoneyMe 2.0’, with the release of a new $10,000 loan product, expanding it’s portfolio of all-purpose consumer loan products designed for the tech- savvy, convenience-driven millennial market. The product expansion signals MoneyMe’s transition from being a simple small loans provider, to a diversified
June 15, 2016
MyPlanner taking care of business with new back-office solution
MyPlanner, one of Australia’s largest non-aligned dealer groups, has rolled out its innovative back-office solution to its broader network of 175 advisers after completing a successful pilot program Philippa Sheehan, MyPlanner Managing Director, said the seamless, end-to-end advisory back-office system perfected during a comprehensive trial period would help accountants and financial planners “take care of
June 14, 2016
From ‘a financial planner of sorts’ to own advice firm
Former teacher found he had a knack for financial planning after an experience managing relatives’ estates. His company is proof that it is possible to have a fee-based model and still be profitable. Jo Leggatt writes.
June 14, 2016
The value of a story: don’t underestimate the power of PR
The evolution of social media and digital communications has changed the marketing landscape forever, with some traditional methods often deemed “old school” by the cognoscenti. Anthony O’Brien writes.
June 14, 2016
Easier switching for SMSF investors with Cashwerkz
Term deposits have become the latest sector in finance to be shaken up by a new technology platform aimed at assisting financial advisors and empowering SMSF consumers to switch their invested cash between term deposits more easily. One of the most enterprising Australian fintech companies to date and backed by experienced investors and an aggressive
June 13, 2016
A simple truth uncovered on a ‘joyful discovery tour’
Progressive financial planning firms aim to put the client at the centre of their business, but a lack of perspective means they may not know how. Simon Hoyle writes.
June 10, 2016
AdviserLogic is first to market with LiveChat support
Adviser software firm, AdviserLogic, is first to the market with a LiveChat support facility for advisers and paraplanners to more conveniently connect to assistance during and after business hours. “It’s surprising that it has taken the industry so long to meet the demand for out-of-hours contact between service providers and advisers. While we all aim for our services to
June 09, 2016
CoreData and Professional Planner name the 2016 licensees of the year
The best licensees are named in three separate categories - independently owned, institutionally affiliated and institutionally owned - as well as the overall Licensee of the Year.
June 09, 2016
