AQRU launches crypto accountancy start-up Daxiom
AQRU has partnered with Ben Sampson and Elliot Fielding from the UK-based chartered accountancy firm Sampson Fielding to launch a crypto accountancy start-up known as Daxiom.
J.P. Morgan debuts locally listed ETFs for Australian investors
J.P. Morgan Asset Management (JPMAM) has launched its first active ETFs on the ASX.
Adviser numbers steadying, surpassing 15,900
The adviser market has steadied since the wave of losses after the adviser exam deadline in October, with seven advisers being added to the ASIC Financial Adviser Register this week according to analysis from Wealth Data.
‘Transparent and competitive’: Vanguard Super launches with low-fee products
Global investment giant Vanguard has launched the much-anticipated Vanguard Super to market in a move expected to transform the industry with its low-cost and adviser-friendly products.
Private debt draws investors with improved structures and pricing
Institutional demand for private credit has been growing, underpinned by attractive returns and the natural hedge the asset class provides against rising interest rates. Investor appetite is holding up as current market conditions have resulted in more lender-friendly structures and higher yields.
Australian mid-cap equities offer attractive risk-adjusted returns
Mid-cap stocks offer better average returns than small caps, coupled with similar alpha opportunities and a substantially lower tracking error over the base S&P ASX 300, which makes them more attractive according to portfolio managers. While capacity can impact the alpha profile of a portfolio.
AusSuper announces senior appointments for retirement and members
Australia’s largest super fund AustralianSuper has appointed senior executives to head up retirement and members, highlighting the growing focus of super funds in the decumulation asset phase as more members retire.
Husband and wife banned from providing financial services
Married couple Richard and Gwenda Marshall have been banned from providing financial services for six and three years, respectively, for operating a financial services business without holding an AFSL licence.
SMSF Association remains opposed to super balances cap
The SMSF Association remains “resolutely opposed” to a cap on superannuation balances which has been proposed by Labor.
Outcome of AMP BOLR class action not expected until 2023
The outcome of the AMP Buyers of Last Resort class action suit is not expected until next year, an AMP spokesperson has confirmed to Professional Planner.
Perpetual rejects revised takeover proposal from BPEA and Regal
Perpetual has received another non-binding proposal from BPEA Private Equity and Regal Partners which it has rejected.
AMP ASTRUM Award winners announced
AMP kicked off its national conference in the Gold Coast last night with a dinner presenting the ASTRUM Awards, recognising practices and advisers in the network.
