Future Fund has most favourable public sentiment
The Future Fund, BlackRock, National Australia Bank (NAB), Westpac and Vanguard are the financial services institutions with the most favourable public sentiment, according to research from Super Recruiters’ Network Investor Perception Ranking.
The top four saw increased positive public perception over Q1, while laggards in sentiment included Perpetual.
Despite negative media coverage, the Future Fund’s medical research fund and aboriginal activities strongly contributed to an increase in brand equity, while NAB’s sponsorship of the AFL helped increase its general perception.
Cathy Doyle, SR Network and Super Recruiters chair, said: “The research ranked major fund and superannuation managers along with the big banks in order of how investors and the wider public perceive them”.
The ranking used artificial intelligence to assess social media interactions in Australia to assess sentiment.
“Up until now, it has been hard to identify let alone measure investor perception,” Doyle said.
“Artificial intelligence is making that much easier and can apply a real time and even forward-looking measure of the importance of public perception to make more informed decisions, asset by asset.
“This is the column on the spreadsheet that many fund managers have been looking for.”
Public perception of financial services organisations in Australia
Source: Super Recruiters. Green = Q1; 2021 Blue = Q4 2020.
AUTHOR
Chris Dastoor
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.
