Hitting the reset button to build a new planning platform
While one financial institution has invested upwards of $500 million to build a new platform offering, one of Australia’s most active non-aligned players believes boxing clever will always beat a bottomless budget. OneVue launched Luminous on Monday, a platform offering it’s group chief executive officer Connie Mckeage says marks a departure from the established design methodology
September 30, 2015
Inspired by the Terminator – great ideas from outside the financial planning ‘bubble’
The Financial Planning Association (FPA) has announced six keynote speakers to take part in two TED Talk-style keynote sessions at its 2015 Professionals Congress. The speakers include the founder of Australia’s only motorcycle business; someone inspired by the Terminator movies to use robotics for the benefit of amputees; a magician and entrepreneur of the year; and
September 30, 2015
Rubinsztein quits Commonwealth ahead of move to UniSuper board
Nicolette Rubinsztein is to leave her position as general manager, retirement, at the Commonwealth Bank of Australia (CBA) and join UniSuper’s board as an independent director from December 1, 2015. She will succeed Melda Donnelly, whose term ended in August, as the third independent on the board, bringing with her a skill set in retirement
September 28, 2015
Ethics, risk & financial advice’s next frontier
The drive to improve the quality, standing and credibility of Australian financial advisers did not end with the federal government’s Future of Financial Advice (FoFA) legislation, according to a leading adviser in Tasmania. Identifying and managing risk is one area where many planners come up short, says Adjunct Professor Wesley McMaster. Another is the need
September 28, 2015
Fixed income markets under pressure, but opportunities remain
In a quarterly webcast to provide market updates and strategy insights, and to reflect on volatility and the recent Federal Open Market Committee meeting, Western Asset Management Chief Investment Officer Ken Leech said that, while not surprised at the U.S. Federal Reserve’s inaction, “Global growth uncertainty is now very high.” Western Asset, which manages $453
September 28, 2015
FoFA reforms required little adjustment for this Tasmanian planning practice
For all the controversy they attracted, the Future of Financial Advice (FoFA) reforms have caused minimal disruption to many financial planning businesses, according to David Allen, principal of Hobart firm Sky Advisers. It is now a little over two years since FoFA was introduced on July 1, 2013. Despite a protracted period of uncertainty and
September 25, 2015
Financial planners and fund managers joining forces to create better solutions for clients
A desire to create better investment portfolios for clients is driving more financial planning firms to harness the expertise of professional fund managers to provide investment insights and portfolio construction analysis. While product manufacturers grapple with the issue of producing solutions that meet the needs of the growing segment of the population approaching and moving
September 25, 2015
ANZ ETFS products added to HUB24’s super menu
ANZ ETFS Management (AUS) Limited (ANZ ETFS) has announced that five of its Exchange Traded Funds (ETFs) are now available through HUB24’s super menu in addition to its investment service. The ETFs offered by the joint venture between Australia and New Zealand Banking Group (ANZ) and ETF Securities were launched on the Australian Securities Exchange
September 25, 2015
Midwinter offers Dover competitive pricing package
Midwinter has announced today that it has signed an agreement with Dover Financial Advisers, allowing the Sydney based technology firm to offer a competitive pricing package for their premium financial planning software application – AdviceOS. Dover Financial Advisers is a financial planning franchise with 131 practices nationwide, encompassing of over 230 authorised representatives. With the
September 24, 2015
‘Live’ from Canberra: Professional Planner at the 2015 PHAROS annual conference
On September 24 and 25, Professional Planner is attending and reporting from the 2015 PHAROS annual conference in Canberra. PHAROS is the holding company for a number of financial services businesses, including the Madison Financial Group financial planning dealer group. (Day One coverage can be found at the end of the Day Two coverage) DAY
September 24, 2015
If you’ve dismissed Japan as a place to both visit and invest, you’re wrong on both counts
When I first went to Japan in 1987, the economy was flying, the grounds of the Imperial Palace were estimated to be worth more than the whole of California and everything from making a phone call to buying a coffee was eye-wateringly expensive. Back in Tokyo for a family holiday in August almost everything was
September 24, 2015
