Ken Moelis-backed fundie bullish on credit amid debt crisis; Franklin Templeton CEO on the benefits of advice commission

EXCLUSIVE: Two years after joining forces with Ken Moelis, a New York-based asset manager is exciting Aussie investors with opportunities in US private credit amid a major banking crisis.

Around a quarter of the population would benefit from advice via commission compared to fee-based advice, particularly younger investors, according to Franklin Templeton’s chief executive, Jenny Johnson.

Media agency Fundamental Media has joined the 35th annual Fund Manager of the Year awards as a partner.

Equity markets are in denial about the potential impact of a US recession and failing to price its impact in, according to Platinum.

Martin Morris, chief distribution officer at Praemium, has departed the firm after seven years.

There is a one in two chance of a recession beginning in Australia in the next 12 months, according to Vanguard.

Sustainable cash flow is the apex for financial advice firms today and growth can be a bitter pill to swallow amid growing compliance and administration costs, writes Umesh Banga.