Anton Tagliaferro, the founder and chief of Australian equities boutique Investors Mutual, has urged the funds management industry to eliminate excesses.
Dealer groups to get ICAA once-over
The Institute of Chartered Accountants (ICAA) is drawing up a ‘preferred list’ of dealer groups for its financial planning members but will not be rating licence-holders, according to its head of superannuation and financial planning, Hugh Elvy.
Puzzle solved: client is centrepiece of Baker business
Bruce Baker has been one of the most vocal advocates of the rights of boutique financial advice businesses in a world dominated by large dealers. True to his individualistic style, Baker credits the success of his own business, Puzzle Financial Advice, to the novel approach of putting clients first.
Why asset consulting fees need to rise
At its ‘Ideas Exchange’ (IX) conference in Melbourne last month, Watson Wyatt Worldwide flagged an increase in the use of performance fees, but not just for managers – for consultants too.
How restrictions on managers lead to lower alpha and style biases
There may be a shift to relaxing constraints on investment managers, through rising use of absolute returns funds and global tactical asset allocation, but for the bulk of assets under management constraints remain. A recent paper by Charles Jacklin, president of Mellon Capital, shows how constraints on managers lead to inefficient investment outcomes.
