HUB24 moves even further ahead in mobile platform functionality
The award winning* online interfaces offered by HUB24 have been refreshed to provide an even better experience for advisers and clients, and provide full functionality on most mobile devices. “Our InvestorHUB and AdviserHUB portals are now fully compatible and optimised across all popular mobile phones and tablets” says HUB24 CEO Andrew Alcock “We’ve made the
February 09, 2015
AMP Capital acquires Royal North Shore Hospital PPP
AMP Capital has reached financial close on a deal to acquire a 100 per cent interest in Sydney’s Royal North Shore Hospital and Community Health Services Public Private Partnership (PPP) Project from the Royal Bank of Scotland (RBS). AMP Capital will own the asset until October 2036. More than 70 per cent of the equity
February 09, 2015
Appetite for overseas assets reaches nine-month high
Nearly half (44%) of all investors believe they need more international assets in their investment portfolio, according to the Certitude Global Investment Intentions Index (CGIII). The CGIII, which collates the views of over 560 Australian actively engaged investors and measures their net demand for global investments, increased by 3% to a 9 month high this
February 09, 2015
Adelaide Bank teams up with FinancePath to better service busy property investors
Adelaide Bank is beginning 2015 with the announcement of a new mortgage management partnership with FinancePath. FinancePath is a Melbourne based mortgage manager specialising in residential and investment loan structuring, debt reduction and cash flow advice. FinancePath General Manager Chris Collard says “Our niche and our passion is guiding serious investors through the initial stages
February 09, 2015
Life insurance submission models average cost of risk advice
The current model of life insurance advice is unsustainable, though fee-for-service is not the solution, says the head of financial services consulting firm Elixir Consulting. In her submission to the Life Insurance and Advice Working Group, Sue Viskovic – a former financial planner and a qualified CFP – addresses the challenge of adequately pricing risk
February 08, 2015
Client engagement stagnant despite upward trend in financial planning staff numbers
Financial planning practices have increased staff numbers in recent years, but this may not be increasing the number of client meetings, according to research conducted by Business Health and Rubik. The Future Ready VI survey found the average number of client facing appointments per adviser per week stands at just 6.3. “On average, each practice
February 08, 2015
Aussie economy shifts gears as structural changes take hold
This is an economy in transition. Far from a steady state. And there will be significant changes over the next few years, playing havoc with the outlook for different sectors and regions. In my previous article (in the October issue of Professional Planner) I outlined a “mud map” of current and prospective changes in Australia’s
February 08, 2015
Adelaide Bank slashes new business fixed rates on Commercial property loans
Adelaide Bank today announced up to a 50pb reduction for new business on fixed rates for Full Doc & Simple Doc commercial products. Senior Manager Broker Division, Fons Caminiti, said the move is as the result of a recent review of the bank’s commercial offering and the banks strong appetite for growth across both residential
February 06, 2015
Exclusive: Shadow Treasurer wants bipartisan agreement on super objectives
The Shadow Treasurer, Chris Bowen, said that bipartisan agreement on the objectives of superannuation can be reached, addressing a number of senior industry figures during a roundtable held in Sydney yesterday. Addressing 17 leaders of the superannuation industry, including chief executives of funds, directors of financial services companies and prominent thinkers, in an event hosted
February 06, 2015
TAL submission accepts some blame and argues for more consumer choice
Australia’s life insurers take responsibility for their part in the sector’s problems, including a lack of sustainability and poor consumer choice, says the head of TAL. “We take our blame and our responsibility for our part in it…as a sector we must take responsibility. We need to make some changes, we’re not sure what they’ll
February 06, 2015
Five Proofs – delivering quality advice and achieving informed consent
One of the most important things that any organisation can do is to create a culture that allows financial planners to get on with the task of giving suitable financial advice. As Professional Planner has previously reported, real improvements in the quality of advice are driven from the bottom up, and there is often genius
February 06, 2015
Zenith retains a Recommended rating on the Perpetual Wholesale International Fund
On 30 January 2015, Perpetual Investments (Perpetual) informed Zenith of its decision to appoint its Sydney based, in-house global equities team for the ongoing management of the Perpetual Wholesale International Fund (APIR PER0050AU). Prior to this announcement, management of the Fund had been outsourced to Wellington Management Company LLP’s (Wellington) London based Global Value team.
February 04, 2015
