Demand for ‘commission recapture’ rises as Russell savings pass $1b

There is increasing emphasis being placed on implementation costs in investment management and one of the more significant costs – broking commissions – appears to have come in for scrutiny by institutional investors over the past five years.

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Master trusts must open up to scrutiny, Weaven says

Garry Weaven, chair of Industry Fund Services (IFS), has challenged master funds to face a public fee audit after research commissioned by IFS once again found industry funds offered better performance and lower fees than their commercial rivals.

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Mothers Day Classic to reach $2m for breast cancer research

The Mothers Day Classic, organised by Women In Super, expects to pass the $2 million mark in funds raised for breast cancer research after the next event on May 14. The run/walk – this year in Sydney, Melbourne, Brisbane, Adelaide and Hobart – is well supported by the funds management industry as both sponsors and … Read more

It’s not you, it’s me: why Investor Wealth had to leave the institution

After six years with the IOOF-owned Winchcombe Carson dealer, the Investor Wealth business this month began trading under its own licence. But this was no typical dealer/adviser relationship breakdown. Investor Wealth principal Gareth Bradly explains the reasons for the amicable split.

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How planners should handle the ‘emerging affluent’ investor

Financial planners well know that every client is different, however, some are more different than others. A new report by Cerulli Associates says that a rapidly growing segment of the market, which it calls the ‘emerging affluent’, requires particular attention from their advisers.

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