Relative Return: Calling out the BS in ESG

ESG/managed-accounts/Podcast/Relative-Return/

| By James Mitchell |

In this week’s episode, Infinity Asset Management’s chief investment officer, Piers Bolger, shares his insights on BHP, Westpac, Afterpay, managed accounts and the marketing spin surrounding the ESG movement.

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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Magellan Australian equity FUM falls by a quarter

Magellan/Airlie-Funds-Management/David-George/

| By Laura Dew |

Funds management

Australian equities have fallen dramatically for the second consecutive month at Magellan, falling by 25 per cent in April.

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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Where are funds going wrong under DDO?

DDOs/ASIC/managed-investment-scheme/

| By Laura Dew |

Funds management

ASIC has outlined the most common mistakes made by funds when creating their target market determinations as well as how many products have been withdrawn from the market for design and distribution issues.

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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First finfluencer sentenced for market manipulation

finfluencers/ASIC/pump-and-dump/

| By Laura Dew |

Financial planning

The first person to be convicted of a ‘pump and dump’ scheme, Gabriel Govinda, has been sentenced and fined after pleading guilty to charges of share manipulation and illegal dissemination of information.

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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Levy missed a trick to rebuild a dynamic profession

financial-advice/quality-of-advice-review/Michelle-Levy/United-Kingdom/advice-gap/

| By James Mitchell |

Editorial

As the industry awaits government action on Michelle Levy’s recommendations, one big question looms: Why are so few Australians getting financial advice?

AUTHOR

James Mitchell

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HUB24 urges action on QAR as it acquires myprosperity

myprosperity/HUB24/Andrew-Alcock/quality-of-advice-review/

| By Laura Dew |

People & Products

The Quality of Advice Review needs to be enacted “urgently” to allow the industry to rebuild, according to HUB24’s chief executive, Andrew Alcock, as the firm acquires client portal myprosperity.

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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AMP Advice partners with open banking fintech

amp/fintech/open-banking/

| By Laura Dew |

People & Products

AMP Advice has partnered with fintech firm Frollo to provide advisers and their clients with access to its open banking technology.

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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Superhero to launch adviser platform in FY24

platforms/digital/

| By Laura Dew |

Financial planning

Investment platform Superhero has announced it will be launching an adviser platform for advisers and dealer groups to help them deliver affordable advice.

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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Jones promises ‘ambitious’ climate agenda in 2023–24 Budget

ACSI/federal-budget/Stephen-Jones/climate-change/

| By Rhea Nath |

Policy & Regulation

Speaking at the 2023 ACSI Annual Conference, Minister Stephen Jones said the government would prefer doing “too much too soon, not too little too late” on its sustainability agenda.

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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Ord Minnett pays $888k penalty

equities/ord-minnett/ASIC/

| By Laura Dew |

Funds management

Wealth manager and stockbroker Ord Minnett has paid $888k to comply with an infringement notice from the Markets Disciplinary Panel regarding a buy-back.

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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