Fixing poor culture and ethics is key in restoring trust in financial planners
Financial institutions need to be more aware of the organisational cultures they are fostering and how these correlate with compliance breaches, according to Greg Medcraft, chairman, Australian Securities and Investments Commission (ASIC). “Where we’re undertaking front-line supervision and we see a pattern of breaches…not by just one, but a whole series of bad apples, it
October 13, 2015
Photo Gallery: Professional Planner|Zenith Fund Awards 2015
The finalists, the winners and all the atmosphere from the Professional Planner|Zenith Fund Awards 2015 held at Ivy Ballroom in Sydney on October 9. Images by Matt Faches and Phil Carrick.
October 13, 2015
UBS adds 11 funds onto mFund settlement service
UBS Asset Management has added a comprehensive suite of investment funds onto the mFund settlement service. Eleven funds in total have been added giving investors direct access to UBS’ diverse investment capabilities and investment styles across all major asset classes. “We are excited to add eleven of our core funds onto the mFunds settlement service,”
October 13, 2015
Zenith upgrades BetaShares’ High Interest Cash ETF to ‘Highly Recommended’ rating
BetaShares, a leading Australian manager of exchange traded funds, has been awarded a ‘Highly Recommended’ rating from Zenith for its Australian High Interest Cash ETF (ASX code ‘AAA’). The ratings upgrade makes AAA one of only three ETFs currently rated as ‘Highly Recommended’ by Zenith. The fund aims to provide attractive and regular income distributions
October 13, 2015
Commodity tide is turning, equities rally
Two big themes dominating markets last week were the upturn in global stock markets and the rally in commodities prices, says George Lucas, Instreet Investment’s managing director. “Oversupply issues have plagued commodity markets of late but a bunch of recent events suggest the tide may be turning,” he said. “The rally in commodity prices that
October 13, 2015
OnPay/AdviserLogic Integration: Finding solutions to complex puzzles
Cloud-based revenue management platform, OnPay (www.onpay.com.au), has published its Application Programming Interface (API) guidelines to make the fee and commission data it holds available to AdviserLogic users. “What this does is enable seamless connection of OnPay fee and commission data to clients in the AdviserLogic CRM system,” said Gundeep Sidhu, Managing Director, AdviserLogic and Product
October 12, 2015
EQT SGH Wholesale Property Income Fund rated ‘Outstanding’ by SQM
SQM Research (SQM) has maintained its rating for the EQT SGH Wholesale Property Income Fund of ‘Outstanding – 4.5 stars’. The rating remains unchanged from the previous rating awarded in October 2014. An ‘Outstanding’ rating from SQM is reserved for those funds that are highly suitable for inclusion on Approved Product Lists (APLs). “The rating
October 12, 2015
Lonsec assigns rating to AllianceBernstein Global Equities Fund
Global asset manager AB (AllianceBernstein) announced today that investment research house Lonsec has assigned a rating to the AllianceBernstein Global Equities Fund. The Fund takes an active core approach that seeks to emphasise security selection as the expected driver of performance while closely managing systematic risk exposures. The actively-managed, long-only Fund, launched in Australia in
October 12, 2015
Challenges of translating the industry’s structural shifts into meaningful business actions
At a high level, and most visibly, the factors driving structural change in financial planning, when each looked at in isolation, tell a story of an industry rapidly transforming to a profession, driven primarily by regulatory change. But what is really happening is the structure of the industry is fundamentally changing before our very eyes,
October 11, 2015
Interview For the people: a foot in two camps helps bridge the gap for accident victims
Jane Campbell knows only too well how other professionals view financial planners – specifically, how lawyers view them. As the principal of Aeran, a self-licensed financial planning business established in July this year, Campbell specialises in helping the recipients of accident compensation payments. It is an area of the law that fascinated her as a
October 11, 2015
Professional Planner and Zenith Investment Partners reveal the fund managers of the year
Professional Planner and Zenith Investment Partners today revealed the winners of the 2015 Fund Awards. At an awards event at Ivy Ballroom in Sydney this afternoon, attended by more than 300 of the retail fund management industry’s leading participants, Magellan Asset Management was named as Fund Manager of the Year. The award was accepted by
October 09, 2015
Winds of change drive the ‘unwritten challenges’ of moving to a profession
As the wild winds of change buffet our industry, I’ve been reflecting on what this means for financial advisers and dealer groups. Will today’s advisers be tomorrow’s? If not, where will tomorrow’s advisers come from? Will we have advisers at all, or will the robots take charge? What will the future structure of the industry
October 08, 2015
