Clearview and trustee ETSL have raised eyebrows and confused advisers by shifting the popular WealthFoundations super and pension product to investment platform provider HUB24. “It’s like a power plant being run by a battery,” says adviser Jason Poole. “It makes no sense.”
While advisers and their licensees place most of their compliance eggs in the SOA basket, the real focus should remain on more robust client discovery and documentation processes according to Assured Support’s Ben Moffatt.
Asset managers have quickly ascertained the region’s growing appetite for alternative investments will not abate any time soon, but liquidity and gate provisions will need to improve.
Private markets are worth around $14 trillion globally, ASIC believes. It’s not sure, and that uncertainty hints at the wider problem – private markets, and their effect on public ones, is still largely a mystery.
The US advice system is the largest in the world, and the trend towards more comprehensive advice provision is a significant harbinger of a global shift towards full-service, holistic wealth.
It came as a relief instrument rather than the expected guidance note, but ASIC’s move still managed to give advisers the surety they need to legally use the FSG exemption.
The rise of passive investment makes tremendous sense, especially when the index being tracked is on the large cap side. Move down the index, however, and it can pay to have someone sorting out the winners from the losers.
NZ punches above its weight in many sectors, with deeptech the latest to surge on the back of a global mindset, an abundant talent pool and VC enterprise that knows where the right ideas are and how to propagate them.
Value stocks are hit harder in market drawdowns but come out of them faster and harder, according to research from Pzena Investment Management.
With many economists expecting the Reserve Bank to start cutting interest rates in early 2025, returns on term deposits could feel the pinch. Private credit is an alternative, but those pursuing this investment option will need to do their homework.
David Chan from MLC shares insights with Laurence Parker-Brown from The Inside Network on whether private equity is a logical place to invest in the AI investment theme.
Craig Brooke from KeyInvest shares insights to James Dunn from The Inside Network on bank versus non-bank lending.
Craig Brooke from KeyInvest speaks to James Dunn from The Inside Network on finding the cream of private credit crop.
Carl Jones from WNT Ventures shares insights with Laurence Parker-Brown from The Inside Network on the challenges putting larger pools of capital to work.
A slowing economy has prompted S&P/ASX 200 companies to keep a lion’s share of their earnings by tightening shareholder distributions, with fund manager Martin Currie identifying the resources sector as a real cause for concern regarding future income.
Funeral bonds offer a host of potential benefits, including preferential tax treatment and capped exemption from the Centrelink assets test. But not all funeral bonds are created the same.
For advisers that have already started relying on website disclosure, the unclear legislation “may or may not” be an issue, the Cowell Clarke lawyer explained. Whatever approach advisers are currently taking, they should all be paying attention when the regulator releases its guide next month.
Managed accounts may be just “one lever of many” that advisers can use to increase scalability in their practice, but the advantages they offer to both clients and advisers make them a crucial consideration.
