Test out tech to stop bad investments
Advice firms must decide how they want technology to benefit their business before investing large sums of money into systems that might not be the best fit. Testing out multiple systems can stop money being wasted on unnecessary technologies.
October 10, 2024
Profile CEO steps aside after seven years
Profile Financial Services CEO Lena Ridley will step away from the company at the end of next month, ending a nearly seven-year tenure that was marked by sweeping changes in the industry due to the Hayne royal commission, the Covid-19 pandemic, and the divestment of its product arm.
October 10, 2024
Jones cedes ground on tax adviser rules after crossbench, Coalition blocks
The government has agreed to fix shortcomings raised by industry bodies over new ethical obligations for tax financial advisers. The changes come after two disallowance motions in the Senate attempted to block the new rules.
October 09, 2024
Sherlock Wealth goes self licenced
Sherlock Wealth has announced it is operating under its own licence as an authorised representative of Sherlock Wealth Advisory Services.
October 09, 2024
How high-yield credit investors are playing the AI megatrend
While usually seen as the domain of equity investors, T. Rowe Price portfolio manager and vice president Mike Della Vedova says high-yield bonds are emerging as a unique exposure to megatrends like artificial intelligence and GLP-1 drugs. Large-cap stocks like Nvidia may provide the “picks and shovels” to the AI gold rush, but smaller companies with sub-investment grade credit profiles are providing the handles and heads, he says.
October 09, 2024
AI’s impact is reaching into areas that might surprise you
Investors have eagerly bid up shares of many utilities and independent power producers in recognition of the ongoing surge in power demand related to artificial intelligence. But looking under the hood at the financials of these companies, the boom in AI-related power demand is improving their credit quality – and could even boost some into the investment-grade credit universe.
October 09, 2024
High-yield credit market set for churn as rate cuts near
A rotation between high-yield strategies once known as “junk bonds” and investment-grade debt is due as the US Federal Reserve embarks on an anticipated interest rate-cutting cycle, making the former more attractive.
October 09, 2024
Iress announces executive re-shuffle
Iress has announced several changes to its executive team, including the departure of an Xplan co-founder.
October 08, 2024
Managed accounts present further research needs
There is potential for the role of research in managed accounts to expand to help advisers show they’re on top of the portfolios they’re offering to clients as regulator scrutiny over performance ramps up. The discussion on the Shape of Advice podcast comes as the latest managed account census data shows the market has shot past $200 billion in funds under management.
October 08, 2024
Cost of living pressures put focus on quality advice offerings
A spike in the cost of living is having an effect on pre-retiree and retiree member behaviour, and super funds with a solid and accessible advice offer are well placed to help these members negotiate some tricky and complex issues.
October 08, 2024
FAAA announces finalists for annual awards
The finalists for the Financial Advice Association 2024 awards have been selected, across six categories and will be announced at the FAAA Congress in November.
October 08, 2024
