Advisers are buying more ETFs, especially for younger clients: AUSIEX
More financial advisers are favouring low-cost ETFs, with nearly a third (31 per cent) of their buying volumes directed to ETFs in 2023, according to trading platform AUSIEX.
Kiwi sovereign wealth fund closes in on NZ$70b mark
Kiwi sovereign wealth fund NZ Super is edging close to NZ$70 billion ($65 billion) in total assets, ending the calendar year with 16.03 per cent pre-tax return.
J.P. Morgan launches adviser portal in Australia
J.P. Morgan Asset Management has launched its adviser portal in the Australian market.
BlackRock names head of Australia
BlackRock has appointed Jason Collins as head of Australia, reporting to Andrew Landman who was appointed deputy head of APAC, head of Southeast Asia and Oceania, and head of APAC wealth last month.
AI a bigger opportunity than the internet: Fund manager survey
Close to half of Australian investment professionals think AI is a bigger opportunity than the internet, according to a Natixis Investment Managers global survey.
Aware Super appoints COO in executive team shake-up
Aware Super has reorganised its executive team, appointing HESTA chief financial officer Sally Collins as chief operating officer with an expanded remit.
Novigi acquires QMV Solutions
Novigi has completed its acquisition of QMV Solutions, an advice, data and technology business.
PIFA launches independent advice week
The Profession of Independent Financial Advisers has launched Independent Financial Advice Week, an event designed to facilitate public access to financial advice.
Count firm acquires Victorian firm’s accounting client book
Count has acquired the accounting client book of Melbourne-based May Klye & Associates via member firm Bruce Edmunds & Associates.
Swan slams ‘merger mania’ as small funds plead their case
Cbus chair and former Labor treasurer Wayne Swan told the Investment Magazine Chair Forum that the super sector was too “meek” in bowing to pressure to engage in mergers and acquisitions. While AustralianSuper chair Don Russell said there are obvious advantages of scale, Legalsuper chair Kirsten Mander argued there are upsides to niche membership.
Five lessons of the Hayne reckoning five years on
While consumers (and the big banks themselves) may have moved on from the Hayne royal commission, the wealth management industry still feels its legacy each day in the challenging commercial environment in which they now operate. The five-year anniversary of the commission’s final report offers a milestone to reflect and ensure a culture of misconduct doesn’t return.
