For an industry based around the retirement of others it is surprising how few financial planners practice what they preach about preparing for the inevitable. Adelaide-based adviser Gerard O’Brien, explains how he came to grips with the problem.
Lower pricing and product proliferation to impact on planners
Institutional pricing permeating the retail market and a proliferation of investment products will present financial planners with major challenges, according to a presentation at the Professional Investment Services (PIS) annual conference in Hawaii.
Trustee companies cut by two-thirds
The number of ‘trustees’ – the companies which govern super funds – is expected to total about 320 after the Registrable Superannuation Entity licensing deadline of June 30. This compares with 1,200 pre licensing.
Merged AWM will lift margins 33% say Select directors
A merged Australian Wealth Management (AWM) and Select Managed Funds, to be voted on by Select shareholders on May 18, will obtain an immediate increase in operating margins due to cost savings, according to the ‘Scheme Booklet’ sent to shareholders last week.
REST assured by IXIS hedge fund approach
The $6.5 billion REST fund has handed a $100 million mandate to Harris Alternatives – an affiliate of IXIS Asset Management.
Suncorp financial planning head quits
Suncorp Financial Services is searching for a new head following the recent resignation of Matt Lobdell, the group’s general manager of wealth management customer development.
ClearView health improves under MBF
MBF-owned ClearView is looking at launching a number of products that assist retirees with meeting their health needs and will boost the number of planners based in its health centres.
Funds SA start belated search for CEO
The $9.5 billion Funds SA has only just begun its search for a chief executive following the departure of Rick Harper in June last year. Richard Smith, chief investment officer of the fund, has been acting since Harper’s departure but would not comment on why the fund had only recently begun the search.
Asset consultants prompt AllianceBernstein to hedge global fund
AllianceBernstein will launch a fully hedged version of its Global Style Blend fund next month, reacting to smaller investors who want to achieve their non-Australian dollar exposure through products rather than using a currency manager.
Structure for succession: how to end an era
For an industry based around the retirement of others it is surprising how few financial planners practice what they preach about preparing for the inevitable. Adelaide-based adviser Gerard O’Brien, explains how he came to grips with the problem.
Lower pricing and product proliferation to impact on planners
Institutional pricing permeating the retail market and a proliferation of investment products will present financial planners with major challenges, according to a presentation at the Professional Investment Services (PIS) annual conference in Hawaii.
Russell borrows best ideas for new concentrated equities fund
Russell Investment Group has brought to Australia a unique equities fund strategy which takes its overweight positions from the stock selections of other managers in its multi-manager lineup.
