T. Rowe Price has cut its exposure to Australian bonds as it believes the RBA’s next monetary policy move will lead to higher bond yields.
Despite concerns about 2024 being a weaker year for adviser growth, the net gains for the financial year to date are exactly in line with the same time last year, although Wealth Data notes it is “still early days”.
A rising number of financial advisers – known as insourcers – are opting to take the investment selection process upon themselves, says Investment Trends’ Irene Guiamatsia.
The completion of remediation projects by firms such as AMP have led to an influx of compliance professionals entering the market, although they see pushback on their narrow skill set.
DNR Capital has announced the launch of a specialist global small and mid-cap equity manager, as it also welcomes its second portfolio manager on board.
Analysis by Chant West of the annual performance of growth superannuation funds has uncovered which ones see the best performance.
A national financial advice firm is targeting advisers looking to leave large licensees and providing them with tools and financial backing to run their own business.
Praemium has seen net outflows of $414 million over the June quarter with Powerwrap outflows eight times higher than the previous quarter, and the platform expects this to continue for another six months.
Clime Investment Management has appointed an acting managing director following the resignation of group chief executive Annick Donat.
The financial planning technology group has entered into a binding share purchase agreement to acquire Integrated Portfolio Solutions, set to bring DASH’s FUA above $15 billion.
