Fund managers can no longer shy away from the distribution challenge, according to Calastone, and should develop a way to target consumers without the need for an adviser.
Almost two-thirds of Australian ultra high-net worth individuals are expecting their wealth to rise this year despite rising inflation and interest rates, significantly higher than the global average.
ASIC has banned a Queensland adviser for three years for adopting a ‘layered advice’ strategy with clients.
The Australian ETF industry’s FUM increased by $1.3 billion in February with investors opting for ETFs focused on domestic equities.
ESG investing will swing from a “nice to have” to a must-have this year as the Government pursues a regulatory approach, the association said.
The portfolios would give advisers access to highly-rated managed funds and ETFs across a suite of six risk profiles.
A financial services lawyer has raised questions about the managed investment scheme review focusing so heavily on the real estate asset class.
The ethical investment manager has welcomed a chief investment officer, a deputy chief investment officer, and head of impact and ethics.
The former policy and advocacy head at the FPA has announced he will be joining the Council of Australian Life Insurers' executive team.
Off-label usage of a controversial diabetes drug has been beneficial for Munro Partners’ Global Growth fund with the firm expecting this type of medication to become the next “blockbuster drug”.
