MM Newsletter
  26 August, 2021
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Industry News
Advice fees push Centrepoint Alliance NPAT into positive territory
Revenue growth on advice fees has helped Centrepoint Alliance return to profitability in FY21 after reporting a loss in the previous year as the firm moves to acquire ClearView Advice.
Money Management Original
Value in separating policy renewals from annual reviews
Decoupling those elements of the advice process can help prevent overburdening the client relationship and help them to engage easier.
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What’s next for markets?
Watch the replay of the BlackRock Mid-year Global Outlook. Watch now and earn CPD.
Money Management Original
Tech usage crucial as clients seek bespoke experience
The fear of technology is dissipating for advisers but those who use it best will replace those that do not, according to Financial Simplicity, as clients seek a bespoke experience.
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Money Management Original
High fees and persistent discount deterring advisers from LICs
There are likely to be fewer listed investment vehicles coming to market, according to one of Australia’s oldest listed investment companies, as they find it hard to cover their costs without charging high fees.
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Playing the long game in China
Increasing affluence in China is changing household spending patterns. Whilst urbanisation benefits our resources sector, the opportunity for Australian businesses is likely to be much broader in the future.
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Money Management Original
No feedback to be given for YFYS performance test
The Your Future, Your Super performance test will only disclose to superannuation funds whether they had passed or failed and would not give any value indications.
Industry News
Life insurance drives 54% rise in ClearView’s NPAT
ClearView has announced underlying net profit after tax is up 54% to $22.7 million but operating earnings for its financial advice arm were down 58% as it sells it to Centrepoint Alliance.
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Industry News
RE investors should not fear inflation
Investors in real estate, both direct and listed, can benefit from a higher inflation environment, according to Quay Global Investors.
Industry News
Clime NPAT rises 473% in FY21
Clime Investment Management has reported a net profit after tax of $2.2 million, a rise of 473% on the previous year, while the acquisition of Madison has helped it see a “steady growth” in advice referrals.
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Industry News
Bravura announces CEO transition
The firm’s chief operating officer Nick Parsons has been appointed as chief executive as chief executive from September as the group posts a decrease in revenue and net profits after tax for the financial year.
Industry News
PEXA reports NPAT loss in first result since IPO
Revenue has seen a 42% return to $221 million but the company missed its prospectus forecast as it reported a net loss after tax of $11.8 million.
Industry News
Centrepoint to acquire Clearview’s advice business
Centrepoint will acquire the financial advice business for $15.2 million made up of $3.2 million in cash and Clearview will acquire a strategic 25% stake in Centrepoint.
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Money Management Original
ESG credentials and strong returns
Investing with an ESG focus in mind, writes David Smith, is no longer a ‘nice to have’ for investors and can lead to better performance over the long-term.
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