GBST tax aware investment services added to MSCI global index series for first time
GBST, a global provider of securities transaction and wealth management platforms for the financial services industry, and specialist provider of after-tax services in the Australian market is announcing today its latest collaboration with MSCI, a worldwide leading provider of research based indexes and analytics. The GBST Quant capabilities will be added to expand the current
November 04, 2015
Next wave of Exchange Traded Bond units now live on ASX
Reinforcing its commitment to improving investor access to corporate bonds on ASX, the Australian Corporate Bond Company (ACBC) has expanded the range of XTBs available, with the official release today of a second tranche of six XTBs. This takes the range to 23 with a third and fourth tranche to be released in the coming weeks.
November 04, 2015
Checkmate: How Westpac outflanked the opposition to win the compliance game
One of the biggest challenges facing Australia’s licensees is to make sure that the financial advisers whom they support run businesses which are completely and demonstrably compliant. Compliance, to be honest, is both very, very simple and very complicated at the same time. It’s simple because at its heart is a very simple ethos: make
November 03, 2015
AdviserLogic meets adviser call for greater integration
AdviserLogic is heeding a call from financial advisers for greater software integration by publishing its Application Programming Interface (API). The API allows third-party software applications to both add and take AdviserLogic data and responds to a key theme identified in Investment Trends research. “Recent Investment Trends research revealed that 88% of advisers surveyed are seeking
November 03, 2015
Should risk advisers have their own AFS licensing requirements?
Risk advisers’ license requirements should be distinct from those of financial planners providing holistic advice, according to Brian Howard, owner of Gainsborough Financial Group. He believes the focus of the Life Insurance Framework (LIF) and Parliamentary Joint Committee on standardising educational requirements is unnecessary. “I’ve no idea why we are not all regularly having the
November 03, 2015
Are you a financial planning business dealmaker or dealtaker?
Most business owners who have established or built a successful business are justifiably proud of what they have achieved. However, it is surprising how few of them plan ahead for their successful exit from the business. I have an edict that the quantum of time spent on defining the strategy about succession determines whether you will
November 03, 2015
Lonsec and Zenith maintain ratings for Neuberger Berman ARMS Trust
Two leading Research Houses, Lonsec and Zenith, have maintained their “Recommended” and “Approved” ratings (respectively) for the Neuberger Berman Absolute Return Multi Strategy (ARMS) Trust. The Neuberger Berman ARMS Trust is administered in the Australian market by the OneVue Group. Lonsec says the Trust is managed by stable team of experienced investors, who Lonsec believes
November 03, 2015
BetaShares Chief Economist David Bassanese anticipates RBA is likely to hold rates tomorrow
Tomorrow’s RBA rates decision has been the focus of market speculation over the past week, as rate increases by the major banks put pressure on the central bank to consider a further cut. However, BetaShares Chief Economist David Bassanese believes it’s a case of ‘if in doubt, do nothing’. “With tentative signs of improvement in
November 02, 2015
Truly robust smart beta solutions should be grounded in the real economy, says AXA IM
Research launched today from AXA Investment Managers’ (AXA IM) Rosenberg Equities team has identified new ways to consider investment in smart beta within the context of the equity earnings cycle. “Risk premia investing – using the earnings cycle to design robust strategies” will be presented by AXA IM at a series of roundtables for Australian
November 02, 2015
Chant West joins Enzumo in marriage of research and technology
Chant West is pleased to announce its acquisition by Enzumo Limited in a move that brings together two highly complementary financial services firms. Chant West’s research-driven services in the superannuation and pension markets, combined with Enzumo’s expertise in financial technology, will open up fresh opportunities across the combined group’s client base, which includes the majority
November 02, 2015
Paraplanning and compliance staff can name their price in the current marketplace
Demand for financial planning compliance staff has spiked again after reaching peak levels throughout the transition to Future of Financial Advice (FoFA) regulations, according to recruitment firm Robert Walters. “In 2013 and 2014, we saw a fairly significant amount of hiring in regulatory compliance functions, [as financial planning dealer groups] embedded a framework for FoFA.
November 01, 2015
Risk advisers continue to mobilise against the LIF
Large sections of the risk advice community appear to have accepted the Life Insurance Framework (LIF) as almost a fait accompli, including the Financial Planning Association (FPA) and the Association of Financial Advisers (AFA). The latter organisation held a series of roadshows throughout August and September to clarify the proposed changes and help its members
November 01, 2015
