The Australian Stock Exchange (ASX) is making it easier for financial planners to access CHESS via a new method – Account Participation – which it will launch at this week’s Financial Planning Association conference.
Capital advice: roundabouts, merging and the road to the future
Last month two of the elite dealer groups in the country, Centrestone and Berkley, combined to form Centric Wealth with the aim of becoming the advice brand for the nation’s wealthy. Roger Hancock, who headed up the Canberra Berkley practice, talks about the merger, his own practice and how to keep high net worth clients happy.
Choice of Fund – the battle’s not over yet
Research commissioned by ASFA shows only a small proportion of super fund members has switched funds since the introduction of Choice of Fund in July and a majority of members are “not at all likely” to change.
Australian Unity Investments Strategic Fixed Interest Trust
Australian Unity launches an Australian fixed interest trust for retail and wholesale investors.
Everest Babcock & Brown Masters Fund
Everest Capital offers wholesale investors access to a portfolio of absolute return funds.
S&P builds ratings team for new research process
Fund ratings house S&P has hired three new analysts to cater for its new ratings process and is looking at expanding the team further from mid next year.
Everest Babcock & Brown Masters Fund
Everest Capital offers wholesale investors access to a portfolio of absolute return funds.
Hedge funds the first to test van Eyk’s new ratings
van Eyk Research has tightened the definitions around its ratings system and split its former ‘B’ rating into two – ‘B’ and ‘BB’ – to help advisers in their manager selection.
What makes for an innovative planner, AMP style
AMP Financial Planning (AMPFP), the largest dealer group, with about 1,300 planners, last week announced the five winners of the inaugural innovation awards and also four awards for “excellence in rural financial planning” and a special encouragement award.
Chant West study reveals dollar-disclosure disarray
Super funds and master trusts need to improve their fee disclosures, according to consultancy Chant West, following a study of 70 funds’ PDSs since the introduction of the new ASIC dollar-disclosure regulations from July.
White out of back-office services
Specialist back-office provider White Outsourcing has spun out of parent White Funds Management to set up on its own business. The business unit, which previously sat within White Funds Management, services boutiques such as Paradice Coopers, van Eyk and more recently MIR.
Perpetual unlocks small companies fund for MLC
Perpetual Investments is re-opening its successful $575 million smaller companies fund to investors, after striking an exclusive distribution arrangement with MLC’s MasterKey platform.
