MM Newsletter
13 Jul 2023
Latest News
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Demand for associate advisers rise, but grads left behind

A recruiter’s overview of adviser demand for Q3 2023 indicates limited roles for graduates with the industry pivoting more to re-adopt the associate adviser role.

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Super funds ‘likely candidates’ to address advice gap: Jones

Minister for Financial Services, Stephen Jones, has reiterated his support for superannuation funds helping everyday Australians manage their money following widespread departures in the adviser industry.

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Expect fewer RBA rate decisions from 2024

The number of rate decisions per year will reduce in 2024 under sweeping reforms following an independent review of the Reserve Bank of Australia.

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Platinum sees FUM fall by $1bn in FY22–23

Platinum Investment Management has reported net outflows for 11 out of the last 12 months, as it releases its profit forecast for the financial year 2022–23.

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Abrdn sees second Aussie equity manager departure

Several months after the departure of abrdn head of Australian equities, Michelle Lopez, her deputy Natalie Tam has joined Perpetual, after both had worked at abrdn for almost 20 years.

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Sequoia expands with $3.1m acquisition

Sequoia has agreed to acquire two advice firms for $3.15 million, expected to complete by the end of this month.

Expert Analysis
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Credit back on the radar as yields reach attractive levels

It could make sense for Australian wholesale investors to include corporate bonds in portfolios, with the traditional role of bonds re-emerging in 2023, writes Bruce Murphy.

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