ASIC warns consumers about investment scams

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During Consumer Fraud Week 2017, ASIC is reminding consumers to protect themselves against investment scams. ASIC Deputy Chairman Peter Kell said, ‘The Targeting Scams report published yesterday by the Australian Competition and... Read more continue reading

Weekly market update – week ending 12 May, 2017

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Investment markets and key developments over the past week The last week saw mixed results from share markets with US, European and Chinese shares down a bit but gains in... Read more continue reading

Generating income is advisors’ top priority

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In anticipation of widely expected rate increases by the Fed, financial advisors in the U.S. are increasingly focused on generating income for their clients, according to the Q2 2017 Eaton... Read more continue reading

Savvy consumers; Healthy inbound tourism

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Credit & debit card data; Tourism The average credit card balance recorded fell by $25 to $3,124 in March. In smoothed terms (12 month average) the average balance was down... Read more continue reading

ATO decision to extend deadline for SMSF returns gets thumbs up

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The SMSF Association has welcomed the Australian Tax Office’s (ATO) decision to extend the lodgement date for self-managed superannuation fund (SMSF) annual returns for 2015-16 to 30 June 2017. Both... Read more continue reading

Technology, ‘echo boomers’ and aging population set to boost global property returns

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Of nine major asset classes, global real estate has ranked in the top five asset classes for 13 of the past 17 years, and should play a larger role in... Read more continue reading

Infrastructure a $3 trillion opportunity for all market cycles

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The combination of defensive attributes, huge investment needs, and the diverse nature of available infrastructure assets, makes infrastructure investments an attractive allocation in both rising and falling markets, says Sarah... Read more continue reading

AZ Next Generation Advisory acquires Menico Tuck Parrish Financial Services reaching A$4.7bn in total AUM

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AZ Next Generation Advisory yesterday signed a binding sale and purchase agreement to acquire the entire capital of Menico Tuck Parrish Financial Services Pty Ltd (“Menico Tuck Parrish”). The agreement includes... Read more continue reading

AMP Limited reports first quarter cashflows, AUM and provides Australian wealth protection update

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AMP Limited (ASX: AMP; ADR: AMLYY) yesterday reported cashflows and assets under management (AUM) for the first quarter to 31 March 2017 and provided an update on its Australian wealth protection... Read more continue reading

Acquiring property via a trust or company involving a foreign person has got more expensive

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The NSW Office of State Revenue levies additional stamp duty on acquisitions of land by foreign persons and additional land tax in relation to foreign landholders. As trusts and companies... Read more continue reading