Colonial looking at another good year
Colonial First State is looking on target for another strong performance year, fol-lowing two consecutive years as Money Management’s Fund Manager of the Year.
Colonial First State is looking on target for another strong performance year, fol-lowing two consecutive years as Money Management’s Fund Manager of the Year.
In the first eight months of this year, Colonial tops the list of balanced pooled funds recording a 9.4 return, according to Intech.
However, two of Australia’s big four banks are snapping at Colonial’s toes. Both ANZ and Westpac have returned 8.5 this calender year.
Other high performers for this calender year include MLC in fourth position and AMP Balanced Growth in fifth.
Recommended for you
The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.