Advice complaints on the decline but ‘getting more complex’: AFCA

qoa-review/AFCA/financial-advice/

| By Rhea Nath |

Monthly complaints have fallen, but they could rise again by opening the scope of advice to other providers, according to AFCA lead ombudsman for investments and advice Shail Singh.

AUTHOR

Rhea Nath

Rhea L Nath is a journalist at Money Management. She has previously worked as a business reporter with Dynamic Business and journalist in the multicultural media with Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.

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Why Abood believes funds could struggle without digital strategies

FPA/digital-advice/financial-advisers/Women-in-Business/

| By Jasmine Siljic |

Financial planning

In questioning whether financial advice is “too complex” for the average Australian, Sarah Abood has reiterated the importance of digital tools to address accessibility concerns.

AUTHOR

Jasmine Siljic

Jasmine Siljic is a journalist at Money Management. Prior to joining MM, she also worked across other Momentum Media brands as an intern and cadet journalist. She recently completed a Bachelor of Media and Communications at Macquarie University.

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Former Future Fund chief technology officer joins Praemium

praemium/Future-Fund/

| By Jasmine Siljic |

People & Products

The investment platform has appointed Richard Large as chief technology officer, a former CTO at Australia’s $250 billion sovereign wealth fund.

AUTHOR

Jasmine Siljic

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Where does relevant provider registration with ASIC now stand?

ASIC/Wealth-Data/financial-adviser-register/

| By Rhea Nath |

Financial planning

ASIC’s senior executive leader, Leah Sciacca, has provided an update on the status of financial adviser registration with the regulator since it was delayed in November 2022.

AUTHOR

Rhea Nath

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Invest Blue invests $2m in Lumiant’s digital platform

Invest-Blue/Lumiant/digital-technology/

| By Rhea Nath |

Financial planning

The national financial advice firm has announced a strategic partnership with Lumiant to build a cloud-based platform that would boost advice clients’ engagement and satisfaction.

AUTHOR

Rhea Nath

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How the US Federal Reserve killed regional banks

vaughan-nelson/US-banks/VanEck/

| By James Mitchell |

Funds management

An aggressive hiking cycle, an inverted yield curve and maturing government bonds have created a major banking disaster.

AUTHOR

James Mitchell

James Mitchell is a senior financial services reporter with over ten years experience. He has covered the Murray Inquiry, the Hayne royal commission and the evolution of Australia's financial intermediary sectors since 2011, with a focus on banking, superannuation, mortgages and wealth management.

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How is RIAA engaging with financial advisers?

RIAA/ESG/responsible-investment/

| By Laura Dew |

Financial planning

In conversation with Money Management, RIAA’s chief executive, Simon O’Connor, has shared how the organisation is creating initiatives to engage and help the advice community.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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JPMAM’s Craig pushes back on Fed rate cut

JPMorgan/interest-rates/US-banks/

| By Laura Dew |

Funds management

There are unlikely to be rate cuts by central banks this year, according to JPMAM’s Kerry Craig, but investors need to prepare their portfolios for a 2024 rate reversal.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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US regulators move to impose new levy on big banks

US-banks/bank-levy/JPMorgan/

| By Charbel Kadib |

Funds management

A new levy on large US banks has been proposed by regulators, set to deliver a two-year blow to earnings.

AUTHOR

Charbel Kadib

Charbel is an experienced financial services journalist, previously serving as news editor of The Adviser and Mortgage Business. Prior to joining Money Management, he also covered defence and national security developments as news editor of Defence Connect, Cyber Security Connect, and Space Connect. Charbel graduated from the University of Notre Dame with a double major in politics and journalism.

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ClearBridge forecasts 75% likelihood of Q3 US recession

clearbridge/recession/

| By Jasmine Siljic |

Funds management

The fund management firm’s proprietary risk dashboard has predicted a 75 per cent probability of a recession in the US.

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Advice complaints on the decline but ‘getting more complex’: AFCA

AUTHOR

Rhea Nath

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Why Abood believes funds could struggle without digital strategies

AUTHOR

Jasmine Siljic

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Former Future Fund chief technology officer joins Praemium

AUTHOR

Jasmine Siljic

Jasmine 's social profiles:

Where does relevant provider registration with ASIC now stand?

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Rhea Nath

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Invest Blue invests $2m in Lumiant’s digital platform

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Rhea Nath

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How the US Federal Reserve killed regional banks

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James Mitchell

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How is RIAA engaging with financial advisers?

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Laura Dew

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JPMAM’s Craig pushes back on Fed rate cut

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Laura Dew

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US regulators move to impose new levy on big banks

AUTHOR

Charbel Kadib

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ClearBridge forecasts 75% likelihood of Q3 US recession

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Jasmine Siljic

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