The $14bn cost saving from index ETFs

ETFs/vanguard/

| By Jasmine Siljic |

The cost savings of advisers opting for ETFs and index funds for their clients have been calculated by Vanguard, with estimates that Australian investors have collectively saved $14.4 billion since the options first launched in Australia.

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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RBA makes latest rate call

RBA/interest-rates/bonds/fixed-income/monetary-policy/

| By Laura Dew |

Funds management

The Reserve Bank of Australia has made its latest rate call, with only two more meetings left for 2024.

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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E&P Financial Group seeks ASX de-listing

E&P-Financial-Group/Dixon-Advisory/

| By Laura Dew |

Financial planning

E&P Financial Group, former parent of Dixon Advisory, has formally requested to delist from the ASX, with the company noting the negative impact of regulatory proceedings on its share price.

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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Are licensees overpromising and underdelivering to advisers?

AFSL/licensees/financial-advice/self-licensing/

| By Jasmine Siljic |

Financial planning

Commentators have discussed how value for money is becoming more critical than ever as licensee fees rise and failure by an AFSL to provide this is driving them to self-licensing.

AUTHOR

Jasmine Siljic

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Escalating business costs emerge as top adviser concern

CoreData/Andrew-Inwood/financial-advisers/practice-management/

| By Jasmine Siljic |

Financial planning

The rising costs of operating a financial advice practice has been ranked as the number one challenge for advisers today, outpacing administrative and compliance burdens.

AUTHOR

Jasmine Siljic

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Advisers given 5 weeks to submit to Dixon inquiry

financial-advice/financial-advisers/Dixon/Dixon-Advisory/Senate-Economics-Committee/

| By Laura Dew |

Financial planning

The final terms of reference for the Dixon Advisory inquiry have been released by the Senate economics references committee, and advisers have just over five weeks to make their submissions.

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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Finalists unveiled for Women in Finance Awards 2024

women-in-financial-services/financial-advice/women-in-finance/

| By Malavika |

Financial planning

Financial advisers are in the running to win one of the coveted Women in Finance Awards 2024.

AUTHOR

Malavika Santhebennur

Malavika Santhebennur was a news and features financial services journalist at Money Management, part of Financial Express. She has previously written in various industrial publications at Cirrus Media, including mining, food, franchising, and health.

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Global X ETFs Australia appoints new CEO

Global-X-ETFs/Evan-metcalf/GAM-investments/ETFs/ceo/

| By Laura Dew |

Funds management

Global X ETFs Australia has appointed a new chief executive to replace Evan Metcalf, who will depart the ETF provider next month.

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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Court details mental turmoil of AMP BOLR objectors

amp/bolr/AMPFP/federal-court/

| By Laura Dew |

Financial planning

A former AMP adviser told the Federal Court how they are scared to turn off their phone after a fellow adviser attempted suicide as Justice McElwaine said the 92 objections “weighed heavily” on his mind.

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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New entrant targets M&A in advisory and fund management markets

financial-advice/Funds-management/M&A/Sequoia/

| By Laura Dew |

Funds management

The acquisition of Informed Investor from Sequoia by Powerhouse Ventures is the first step in the firm’s new strategic process to enter into the financial advisory and fund management space.

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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