MyPlanner unveils new model portfolio
One of Australia’s fastest growing independently-owned dealer groups, MyPlanner has launched an innovative model portfolio solution to lift practice efficiency, lower costs and curb the group’s reliance on expensive institutionally-owned wrap platforms and managed funds. The My Managed Portfolio (MMP) Managed Account Service, which is a Managed Discretionary Account (MDA) solution, was unveiled on Friday
March 09, 2015
Desire to invest overseas reaches all-time high
Australian active investors continue to clamour for overseas investments, and high net worth investors[1] are leading the charge, according to the Certitude Global Investment Intentions Index (CGIII). The CGIII, which collates the views of over 600 actively engaged investors and measures their demand for global investments, increased again this month to 186 (out of 200),
March 09, 2015
Slack regulation, poor competition are complacency risks for financial planning
One of the biggest threats facing Australian financial planning businesses is simple complacency, according to a co-founder and director of risk profiling business FinaMetrica, Paul Resnik. FinaMetrica’s business operates in 23 countries and its risk profiling software has been translated into eight languages. Resnik says the differences between financial planning businesses in the UK, the
March 09, 2015
Senate Committee rejects NAB Wealth calls to ‘trust us’
The Senate Economics References Committee’s Scrutiny of Financial Advice has rejected repeated claims from senior NAB Wealth executives that the group itself can be trusted to identify, review and compensate victims of adviser misconduct. Amid revelations NAB has paid out more than $14.5 million in compensation to around 900 clients over the past five years,
March 09, 2015
Helping your clients avoid behavioural traps in strong markets
Markets are reaching all-time highs in a range of asset classes. Thanks to the strong rise in the past three years, returns over most periods going back even a decade are looking rock solid. Environments like this can breed overconfidence in your clients, and tempt them into taking undue risk in their portfolios. It may
March 09, 2015
Market Vectors ETFs celebrates MVW’s stellar first-year performance
Market Vectors ETFs, the exchange traded fund business of Van Eck Global, is celebrating the one-year anniversary of its Market Vectors Australian Equal Weight ETF (ASX code: MVW). The ETF has outperformed the S&P/ASX 200 Accumulation Index by more than 3.60% returning 18.16% in its first 12 months. MVW is the first Australian ETF to
March 06, 2015
AXA IM reaches record assets under management
AXA Investment Managers (AXA IM) accelerated its growth in 2014 with net new money inflows of A$27billion. AXA IM’s assets under management (AuM) at the end of December 2014 were A$891 billion up 14 per cent from A$782 billion in 2013. Andrea Rossi, CEO of AXA IM, commented on the results: “We are, unsurprisingly, delighted
March 06, 2015
AXA IM reaches record assets under management (AUM)
Net new money inflows of A$27 billion dominated by third party assets Assets under management reached a record A$891 billion Key new SmartBeta mandates in Australia AXA Investment Managers (AXA IM) accelerated its growth in 2014 with net new money inflows of A$27 billion. AXA IM’s assets under management (AuM) at the end of December
March 06, 2015
Yellow Brick Road offers an alternative route into the financial planning profession
The acquisition of mortgage broking business Vow Financial has added about 450 businesses and 800 individuals to the ranks of Yellow Brick Road’s mortgage brokers and financial planners. YBR now has about 600 businesses and more than 1000 brokers and planners. Chief executive Matt Lawler (pictured) says the company is on track to post its
March 06, 2015
Financial planners need to specialise rather than generalise
Specialised skill sets are increasingly important for financial planners, says Craig Banning, director, Navwealth Financial Group. He uses the example of self-managed super (SMSF) advice. When asked if this requires specialised knowledge, Banning says, “I think it does.” This is why every adviser within Navwealth that deals with super clients holds the SMSF Association’s SMSF
March 06, 2015
Celebrating women philanthropists on International Women’s Day
As International Women’s Day approaches, Equity Trustees is highlighting the role that women play in philanthropy as founders of philanthropic trusts as well as beneficiaries of their support. Tabitha Lovett, General Manager of Philanthropy at Equity Trustees, says women have historically taken a significant role in the establishment of philanthropic foundations. “Just under half of
March 05, 2015
Zenith rates Magellan Global Equities Fund RECOMMENDED
The Magellan Global Equities Fund takes the highly successful unhedged global equities strategy implemented by Magellan Asset Management and offers access via units which are quoted on the ASX AQUA market (ASX:MGE). AQUA quoted units effectively trade in the same way as ASX listed securities. Although technically classified as an Exchange Traded Product (ETP) which
March 05, 2015
