social media

Financial planning

Under-35s trust social media over professional advice

Australians aged 18–34 years old are demonstrating a higher degree of trust in social media-sourced advice over professional financial advisers, according to ASFA....

Financial planning

ASIC caught up in social media scam

The corporate regulator has issued a warning that its logo is being misused to perpetuate a social media scam promoting fake investments....

Financial planning

Finfluencer usage drops on back of ASIC crackdown

Good news for financial advisers, the number of people turning to social media and finfluencers has decreased by almost a third in the past year, according to HSBC....

Financial planning

Why this licensee CEO won’t discount the role of finfluencers

Although finfluencers tend to “swim outside the safety flags”, Insignia chief executive Renato Mota believes they signal an unmet demand from a younger generation seekin...

Policy & Regulation

What could the future look like for finfluencers?

With finfluencer Tyson Scholz receiving a permanent injunction, a global regulatory report, co-chaired by ASIC, has shed light on what the future could look like for finf...

Features

Social media and ESG: How ethical is the digital world?

With child and teen mental health and digital media in the spotlight, should this be a fresh consideration for those building ethical portfolios?...

Funds management

Forager increases Meta exposure

Meta, the owner of Facebook and Instagram, is one of the “world’s best businesses”, according to Forager, and the firm is increasing its weighting while it is out of favo...

Funds management

Where are new investors seeking guidance?

Women are 20% more likely than men to trust financial advice from family and friends, according to research by Global Prime, while young men are more likely to be followi...

Financial planning

ASIC clamps down on use of finfluencers

The Australian Securities and Investments Commission has warned Australian financial services licensees that they could be liable for misconduct if they work with financi...

Financial planning

Can social media positively impact advice?

Despite the level of misinformation on social media, it can still be a reliable gateway for people to get involved with professional, regulated advice....

Funds management

Forager examines social media stocks

Changes to privacy permissions has forced Forager Funds Management to look closely at its social media holdings, particularly with Twitter which has struggled to reach it...

Funds management

Social media under ASIC’s watch

Investors using social media and chatrooms to conduct market manipulation should assume they are being watched by the regulator, which is paying closer attention to these...

Financial planning

Finfluencers not to be banned: Hume

Jane Hume said she has no interest in perpetuating a ‘nanny state culture’ where it resorts to banning things to save people from their own follies such as making financi...

Features

InFocus: Is TikTok advice any better than ‘the man down the pub’?

While finfluencers are on the rise and targeting younger investors, this presents an opportunity for advisers to help investors separate the information from the noise, w...

Superannuation

Super funds need to identify social media posters

If there is a post on a superannuation fund’s social media platform from a member about withdrawing communication consent, then the fund must take steps to ascertain the ...