With the danger of fractured markets inflated, the need for a truly non-correlative asset is at a premium. And with the default system cleaned up, Fortlake saw an opportunity to provide investors with the ultimate diversifier.
On the whole, product providers like fund managers have “made progress” with their adherence to target market determination rules. But ASIC warns that when third party distributors come into play, compliance standards begin to slip.
From behavioural coaching to asset allocation and emotional support, the evolving role an adviser plays sees them take on a raft of heroic guises. The value of that role is now at least 5.7 per cent of clients’ investible funds according to a new report.Â
The bureau’s financial advice role definition is not up to scratch, the FAAA says, and conflates the role of a financial adviser with an investment adviser. A new setup will help better inform industry, the community, and even potential new advisers about the profession. Â Â
A long-running study has revealed a raft of information about the way financial services professionals communicate with their clients, as well as four key ways they can improve the discourse.
Being caught up in a constant thrum of market activity might be advantageous for some investment teams, Desmond explained, but isn’t necessarily for those with a high conviction style.
Knowing how much personality to inject into a professional advice veneer is a skill that needs to be learnt by all advisers, but practices also have a role to play in setting up the right systems, processes and cultural settings so that advisers are comfortable being their true self.
The new rules around superannuation balances over $3 million have many searching for ways to mitigate the impact. The tax advantages of investment bonds may provide a viable alternative.
For those who have recommended the Royal London’s Core Fund, especially, the incongruous management switch means they have to explain to clients why it will probably take on a completely different investment style.
Private capital might house some of the most in-demand asset classes in the game right now, but the proliferation of providers just reinforces the need to know exactly what you’re good at and do it well.
