Global long/short funds have delivered on downside protection says Zenith
Global and Asian long/short funds have delivered on downside protection whilst still participating materially in market upswings over the past 14 years, according to the latest Global long/short sector review released by research house Zenith Investment Partners recently. Over the 14 years assessed in the review the global and Asian long/short funds have produced upside
October 30, 2014
Client Wire joins AdviceInnovation hub
AdviceInnovation, the online hub providing innovative solutions for Australian financial advice businesses, has welcomed Advice Connect, creators of the advice client communication App, Client Wire, to the group. Advice Connect CEO, Mike Giles, says Client Wire gives advisers the ability to engage clients via their own branded mobile App. “Client Wire facilitates secure, private messaging
October 29, 2014
Countering short-termism in financial markets with a long-term approach – CIFR
New research released by the Centre for International Finance and Regulation (CIFR) may help to redress the so-called problem of short-termism in the financial markets by offering insights into how institutional investors might successfully adopt a long-term approach. The research also provides unique insight into the investment strategies deployed by the Future Fund, describing how
October 29, 2014
Should financial adviser compliance ranking be proactive not reactive?
Financial planner compliance ranking needs to be predictive rather than retrospective, according to the head of financial advice and accountancy dealer group GPS Wealth. Grahame Evans, director of GPS Wealth, compares compliance ranking to the role of insurance underwriting, in that it should indicate areas where risk could arise. One of his key criticisms of
October 29, 2014
Independent financial planners seek a toehold among industry and professional associations
The Independent Financial Advisers Association of Australia (IFAAA) is attempting to carve out a bigger niche for itself amid the shifting landscape of industry and professional associations. The Independent Financial Advisers Association of Australia (IFAAA) is attempting to carve out a bigger niche for itself amid the shifting landscape of industry and professional associations. This
October 29, 2014
Pedaling from Melbourne to Adelaide in the Future2 Wheel Classic 2014
It all started at the Future2 gala dinner on 17th October 2013. Listening to Steve Helmich, Chair of the Future2 Foundation, speaking about the impact Future2 had on the young Australians that received grants that year. That evening, some of the kids themselves opened up to a group of strangers to tell their own inspiring
October 29, 2014
App, App and away as Wealthtrac launches second financial shareable App
Platform and wrap provider Wealthtrac today launched a new shareable App for its popular wrap product that will enable Wealthtrac members to monitor their super on their phone or mobile device. The innovation follows the overwhelming success of Wealthtrac’s mobile shareable application for SMSFs that delivers news and information to anyone interested in self managed
October 28, 2014
Government’s public adviser register wins the backing of financial industry bodies
The government’s announcement of details on the enhanced public register of financial advisers has drawn a resoundingly positive response from across the industry. It comes after the Senate Inquiry into the Australian Securities and Investment Commission (ASIC) and financial advice scandals at Commonwealth Financial Planning and Macquarie Private Wealth. “Our sense is that it has
October 27, 2014
A young financial planning firm’s mission to help people prepare for the worst
Brisbane-based financial planning practice My Wealth Solutions was co-founded to help more Australians be better prepared when tragedy strikes, says director Benjamin Budge. This goal is underpinned by personal experience. His father passed away from a heart attack at 49 years of age. Business partner Guy Freeman had a similar experience, losing his father aged
October 27, 2014
Australian Ethical advises that FUM was $959.4 million as at 30 September 2014
Australian Ethical advises that funds under management (FUM) as at 30 September 2014 was $959.4 million, an increase of 8.1% since 30 June 2014. FUM as at 30 June 2014 was $887.2 million. FUM and flows by product for the three months to 30 September 2014 were as shown in the attached document. Managing Director
October 26, 2014
Lonsec delivers subscribe recommendation on Medibank IPO
Lonsec Stockbroking has released a research report on Medibank Private Limited (MPL) delivering a subscribe recommendation to advisors and investors for Australia’s largest privatisation since Telstra. Lonsec says it expects Medibank to generate 6% p.a. compounded earnings growth over FY15-17 and offer a yield of around 4.0% fully franked. It also provides FY16 valuation target
October 26, 2014
