Don’t panic – diversify away from traditional ‘franking darlings’

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Labor’s recently announced franking policy relating to cash refunds highlights the importance of capital preservation & diversification for retirees, according to DNR Capital’s portfolio manager for its Australian Equities Income Portfolio, Scott Kelly. Franking credits are designed to reduce or eliminate double taxation of dividends. They are a tax refund for shareholders of companies where tax has already been […]

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Stephen Hogg appointed Head of SMSF at Omniwealth

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Recently Stephen Hogg joined Omniwealth as head of SMSF where he is implementing a real-time reporting system. His experience has been utilised to help Omniwealth establish a dedicated Self Managed Super Fund (SMSF) advice service. “Stephen has developed national SMSF strategies and reporting systems elsewhere. He has been managing and training teams that specialise in […]

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Nikko Asset Management appoints Yoichiro Iwama as Outside Director

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At its Board of Directors meeting on Tuesday, Nikko Asset Management Co., Ltd. (“Nikko AM”) confirmed the appointment of Yoichiro Iwama as Outside Director. When he assumes the role, he is also to be appointed Chairman of the Firm’s Board of Directors, effective 15 May. Nikko AM is focused on the highest standards of stewardship, […]

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Payden & Rygel wins Sunsuper mandate

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Sunsuper has awarded US based fund manager, Payden & Rygel, a $150 million mandate to manage a customised version of the Payden Absolute Return Investing (PARI) strategy. Payden & Rygel is represented in the Australian market by Grant Samuel Funds Management (GSFM) and manages over $1.3bn in Absolute Return and Investment Grade Corporate portfolios on […]

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Michael Blake appointed to run Centuria Life

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Specialist investment manager Centuria Capital Group (ASX: CNI) has announced the appointment of Michael Blake to Head of Centuria Life. Centuria Life is the company’s investment bond business, with more than $850 million in funds under management. Michael has been at Centuria since the beginning of 2016, serving as Head of Sales and Marketing. With […]

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New investment offering provides Australia’s first  ‘green’ fixed income portfolio on ASX 

XTB, an Australian-based provider of ASX-traded corporate bonds, is offering a new fixed income portfolio of environmental, social, and governance (ESG) approved securities to meet growing demand for ethical investments. The XTB Emerald Fixed Income Portfolio is a managed portfolio of individual bond units (XTBs). The underlying bonds are issued by some of Australia’s top […]

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The rise of the machines – Macrovue launches its Artificial Intelligence Investment Portfolio

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Leading global investment business Macrovue announced the launch of its new investment portfolio built around the Artificial Intelligence revolution. Artificial Intelligence or “AI” refers to the ability of machines to exhibit human-like intelligence using computer systems.  These systems can learn, reason, discover meaning, perceive their environment, learn from experience, and interact: ultimately solving problems without […]

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HUB24 expands distribution with key appointments to leverage growing market opportunity

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Leading platform provider HUB24 (ASX:HUB) has announced the creation of two new roles to expand its distribution capability and provide additional dedicated support to licensees and advisers. Shane Muscat, formerly Head of Institutional Sales at Colonial First State (CFS), has been appointed to the newly-created role of Head of Strategic Sales and will lead new […]

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AMP apologises unreservedly and acts to accelerate change

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AMP apologises unreservedly for the misconduct and failures in regulatory disclosures in the advice business. The AMP Limited Board today announces the following actions to accelerate the necessary change within the organisation: The Board and the Chief Executive Officer, Craig Meller, have agreed that he will step down from his role with immediate effect. Mike […]

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PPM welcomes Andrea Slattery as a Board Advisor

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Private Portfolio Managers Pty Limited (PPM) an established boutique funds manager and IMA provider with 20+ year performance track record, has welcomed Andrea Slattery as a Board Advisor. Andrea was the Founder/MD/CEO of the Self-Managed Super Fund Association (SMSFA) and is well recognised in the finance industry for her vision, integrity and financial credentials – […]

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