Perth-based Westpoint Funds Management is currently in discussions with a financial services group regarding a distribution joint venture despite another action taken by ASIC last week which will require the group to totally rewrite the PDS for its flagship income fund.
True course: how to plot for success
At the relatively young age of 33 Jason Hedlund has steadily grown his business to the stage that is now the largest practice in the Aon financial planning group. Success has come, he says, by starting early, charting a direction and keeping a straight course.
Boutique-envy transforms large fund manager models
Big funds management firms are adapting their business models to accommodate some of the characteristics of boutiques – the latest being the appointment of analysts to manage individual portfolios or portions of a fund.
SuperRatings’ Smart
SuperRatings is set to launch its interactive online database of superannuation and industry fund information.
SuperRatings' Smart
SuperRatings is set to launch its interactive online database of superannuation and industry fund information.
Get to work on those model portfolios – Russell
Model portfolios for planners have been around a long time but implementation issues, as well as the ability to get first-mover advantage with new funds, are becoming increasingly important, according to Russell Investment Group.
Survey of sales channels for financial planners … and what clients think
Financial services researcher Brand Management is conducting the first in what will be a quarterly series of reports on the sentiment of the Australian financial advice industry participate in the survey
Conflict ahead as new draft compliance document hits planner desks
In a stark document released late yesterday, the Financial Planning Association (FPA) revealed new draft rules that could add to the cost of advice and banish ‘sweetner’ deals between product providers, licence-holders and financial advisers.
Perpetual finds platform replacement in CSAM camp
Credit Suisse Asset Management (CSAM) platform sales team is down to one following the departure of Barry Porter to Perpetual Investments.
InvestorWeb downgrades quant research
InvestorWeb managed investments research is adopting a more qualitative-based approach to its ratings and plans to employ two more analysts, in addition to three hires made in October, over the next few months.
Pysch report shows numbers needed to cure speculation
Financial planners need to be able to back up their advice with statistics in order to overcome speculative aspects of their clients’ decision-making processes, Brad Burber University of California professor, told delegates at the FPA conference last week.
Morningstar after-tax reports to expose bad practices
Morningstar is on track to release Australia’s first comprehensive after-tax fund performance report by the end of this year, according to Anthony Serhan, the researcher’s head of consulting.
