Knowledge gap creates missed opportunity for philanthropic advice: Research
Advisers are reluctant to provide advice to high-net-worth clients about charitable giving, the Elston Philanthropic Research Report has revealed. A lack of understanding around the topic and leaving it to clients to express interest results in advisers missing opportunity to leverage their clients’ philanthropic potential.
October 17, 2024
Super funds on pace for a strong CY24
Super funds had a strong September with the median growth fund (61 to 80 per cent in growth assets) up 1.2 per cent for the month, according to Chant West.
October 17, 2024
ASIC makes dual appointments to executive leadership team
ASIC has made two appointments to its executive leadership team, covering its regulation and supervision, and enforcement and compliance divisions.
October 17, 2024
Genium appoints head of investment solutions
Research firm Genium Investment Partners has appointed Andrew Vong as head of investment solutions.
October 16, 2024
CFS-Otivo deal tackles post-Hayne orphaned client problem
Colonial First State has tapped digital adviser Otivo to provide services to members on its FirstChoice platform. The deal is motivated by the goal of helping unmet advice needs, particularly for the more than half a million orphaned clients, which has been a long-standing issue facing the platform since the Hayne royal commission.
October 16, 2024
AustralianSuper makes first US data centre investment
AustralianSuper has made its first investment in the US data centre market, injecting $2.2 billion in DataBank alongside the company's existing investor DigitalBridge.
October 16, 2024
Netwealth’s Flux acquisition points towards HNW oversaturation
Netwealth’s acquisition of the financial education platform has signalled a strategic move for the traditionally High-Net-Worth focused platform to expand beyond what has become an oversaturated market. CEO Matt Heine said the goal is to equip advisers and licensees for the $3 trillion intergenerational wealth transfer.
October 15, 2024
Wholesale changes wrong lever to pull: SIAA
The Stockbrokers and Investment Advisers Association has argued against changing the wholesale investor test, believing it would add further disruption to an advice ecosystem currently under several reforms.
October 15, 2024
Zenith appoints group head of research
Investment research provider Zenith Investment Partners has appointed Grant Kennaway as group head of research.
October 15, 2024
Housing Australia, ART invest with Queensland government in new homes
Housing Australia and super fund Australian Retirement Trust will invest in the delivery of 604 new affordable and social housing across South East Queensland, with the support from state government.
October 15, 2024
Industry funds have outperformed, but it’s not because of board structure
There are reasons profit-to-member super funds have outperformed their retail counterparts, but Colin Tate AM writes that Garry Weaven is wrong to say the structure of their respective boards is the main one, and they may not be a reason at all.
October 14, 2024
