White Paper on modernising financial advice hits the right note

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The SMSF Association welcomes the Financial Services Council’s White Paper on Financial Advice, saying it aligns with its goals of modernising financial advice and enhancing the professionalisation of the advice sector. SMSFA Association Deputy CEO/Director of Policy & Education Peter Burgess says the White Paper, which was underpinned by analysis by KPMG, very much reflected what... Read more continue reading

AMP Capital welcomes Cbus Property and UniSuper as new partners in the AMP Capital Retail Trust – Australia’s largest retail transaction

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AMP Capital has announced new partners in the AMP Capital Retail Trust (ACRT). UniSuper, one of Australia’s leading superannuation funds and Cbus Property, one of Australia’s leading property investors and developers, have taken the majority ownership of Pacific Fair in Queensland, which was recently recognised as the Queensland Retail Property of the Year[1], and 50... Read more continue reading

AMP Limited provides Q3 21 AUM and cashflows update 

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Key points: Australian wealth management (AWM) assets under management (AUM) remained steady at A$131.2 billion during Q3 21, with improved investment markets offsetting net cash outflows. AWM net cash outflows of A$1.4 billion in Q3 21 improved from A$1.8 billion of net cash outflows in Q3 20 and includes A$0.5 billion in regular pension payments... Read more continue reading

Pitcher Partners Newcastle and Hunter and DFK Crosbie merge

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Accounting, audit and advisory firm DFK Crosbie has announced it will merge with the Newcastle and Hunter Valley practice of Pitcher Partners. The merger will see DFK Crosbie take on the Pitcher Partners brand from 15 November 2021 and will be jointly led by Pitcher Partners Newcastle and Hunter’s current Managing Partner, Michael Minter and... Read more continue reading

Science and medicine appear to be getting the upper hand of coronavirus – implications for investors

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Key points There are increasing signs that science and medicine are getting the upper hand against coronavirus: new global cases are in decline; vaccines are working; half the global population and 73% of Australians have had at least one vaccine dose; and there are more treatments for coronavirus. Key to watch will be whether hospitalisations... Read more continue reading

State Street appoints new head of Australia and head of Singapore and Southeast Asia

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State Street Corporation has announced that it has appointed Tim Helyar as head of Australia and Kevin Hardy as head of Singapore and Southeast Asia, as part of its Asia Pacific growth plan. The two newly created roles will report to Mostapha Tahiri, chief executive officer for Asia Pacific. Based in Sydney and Singapore, Helyar... Read more continue reading

abrdn launches innovative Global Risk Mitigation Strategy in Australia

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abrdn is making its well established Global Risk Mitigation (GRM) Strategy available to Australian professional and advised investors from yesterday. The strategy aims to help investors mitigate equity risk, reduce portfolio volatility and deliver stronger long-term compounded returns as they plan for their financial future and retirement. Incepted in 2019, the GRM Strategy is designed... Read more continue reading

How to build an advice business of significant capital value

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Australian Financial Services Licensee, Fortnum Private Wealth has identified the critical ingredients needed to build an advice business of significant economic value in a new white paper, launched at the group’s annual conference. Titled, The inevitable advice journey: Where professional advisory firms are set to land, the paper claims the majority of advice businesses are... Read more continue reading

Perpetual launches Australian Philanthropy Toolkit with Stanford

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Perpetual Private has launched an Australian Philanthropy Toolkit (the Toolkit) as part of its ongoing partnership with the Stanford Center on Philanthropy and Civil Society (Stanford PACS), based in California, USA. Developed by Stanford PACS and adapted for the Australian market by Perpetual, the Toolkit is the first of its kind in Australia, providing a... Read more continue reading

TPT Wealth awarded ‘superior’ rating for two income funds by SQM Research

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TPT Wealth, the trustee and wealth management business of the MyState Limited group, today announced that the TPT Long Term Fund and the TPT Select Mortgage Fund have been awarded a ‘superior’ rating by independent research house SQM Research. The ratings recognise TPT Wealth’s highly experienced investment team, strong credit credentials and more than 40-year... Read more continue reading