MM Newsletter
  23 July, 2021
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Latest News
Money Management Original
Only 163 advisers entered industry since 2019
Given the ongoing ultra-low numbers of new advisers entering the industry post 2018, adviser losses equate to around 760 advisers each year since, according to Wealth Data.
Money Management Original
Advisers should not be relied on to fund CSLR
As they make up only a fraction of complaints to the Australian Financial Complaints Authority, advisers should not be relied on to fund the compensation scheme of last resort, according to an association.
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Behind the scenes of generating alpha
Learn how the BlackRock High Conviction Australian Equity Fund provides a differentiated approach to investing. Hear from the team on the trends they’re watching to help look for tomorrow’s winners.
Industry News
Advice mega firms to emerge
There are quality assets for sale in the financial advice space, according to AZ Next Generation Advisory, and competition is set to increase until the education standards deadline on 1 January, 2026.
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Money Management Original
Banks need to fight off fintech disruptors
Income investors can be reassured that dividends are returning, according to Redpoint, but banks won’t reach their pre-COVID levels until 2023 unless they spend to fight off fintech competition.
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Something has to give
Franklin Templeton Fixed Income CIO Sonal Desai discusses the US Treasuries sharp rally over recent weeks with yields dropping. She outlines 3 possible scenarios and logical implications of each.
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Industry News
Back Office Hero launches 'sale ready' program
The rise in financial planners selling their business after the Royal Commission has led to a financial planning consultancy firm to launch an ‘exit strategy’ program.
Money Management Original
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 poster’s identity.
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Money Management Original
Super fund offers made to employers as default fund allowed
The prohibition of hawking superannuation funds only applies to offers made to retail clients, according to the corporate regulator.
Industry News
Flexibility and transparency prompts managed account uptake
Take-up of managed accounts is expected to increase in the next 12 months as more products are added to the MyNorth and Macquarie Wrap platforms.
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Industry News
Astute Wealth Advice and Lumiant reach agreement over copyright concerns
Lumiant will delete all material related to its Confidence Questionnaire off its platform and will inform all clients of the breach.
Industry News
Craig Gore unsuccessful in criminal appeal
Gore was sentenced for self-managed super fund fraud last year and will be tried next month for three further charges.
Industry News
State Street acquires Mercatus as part of private market solutions launch
State Street is set to launch a private markets solution for institutional investors as it acquires solutions and data management provider Mercatus.
Industry News
Infrastructure important in decarbonisation
The infrastructure sector will play a key role in the move to net-zero emissions and lead global industry in decarbonisation, according to ClearBridge Investments.
Industry News
BOQ appoints ME Bank director to board
As part of the acquisition process, former ME Bank director Deborah Kiers will join the Bank of Queensland’s board of directors, replacing Kathleen Bailey-Lord.
Industry News
Yarra appoints CBA CFO as managing director
Edward Eason, former chief financial officer of Commonwealth Bank’s enterprise services, has been appointed managing director of Yarra Capital Management.
Outsider
Money Management Original
Closing the gap on buzzwords
Having been around the industry for nigh on 40 years, Outsider has seen his fair share of buzzwords come and go around the office. Never a day goes by these days without him being asked to ‘join a huddle’, ‘hop on a Zoom’ or ‘touch base’.
Money Management Original
Feeling the SG pinch
The superannuation guarantee increase has come into effect from the beginning of this month and Outsider has noticed this has either been a call for celebration – or dismay – depending on how your salary is packaged.
Money Management Original
Are you in the market for crazy?
Equities? Bonds? Alternatives? If Outsider was to take investing advice from former Prime Minister Malcolm Turnbull, then perhaps the “market for crazy” is the best investment opportunity out there.
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