Platforms to get the chop as Asteron gets Carter

Promina-owned financial services group Asteron will review its list of approved platforms, following the recent appointment of David Carter to the position of head of dealerships.

Carter, who joins Asteron from ANZ Financial Planning, has also been given a brief to grow Asteron’s Guardian and Cameron Walshe dealer groups, and build a range of new dealer offerings, according to Brett Himbury, Asteron’s chief operating officer, corporate and distribution. “Our plan is to develop a first class total platform solution that differentiates us as a dealer. We currently have 11 platforms on our recommended list and that provides a lot of choice, but it’s not necessarily terrific for the client or the adviser,” he said. “We’re looking at what terrific might look like.” Carter will start work at Asteron next month, reporting to Himbury. “With David’s leadership, we are in an excellent position to continue growing and make a sustained and strategic contribution to Asteron’s success,” Himbury said.

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Geopolitical risks rewire asset allocation ‘operating system’: GIC

Some investors are “missing the point” of geopolitical risks by equating them to the disruptions from conflicts and wars, according to GIC chief economist Prakash Kannan, but in reality, geopolitical risk is no longer episodic or peripheral. This means investors need to think harder about inflation and country composition in their portfolio.

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