SMSF portfolios testing risk tolerance levels

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Self-managed superannuation funds (SMSFs) may be investing in more growth assets and exposing their portfolios to more investment risk than they might be comfortable with, according to investment expert Paul Resnik, co-founder of FinaMetrica, which specialises in the risk profiling of investors. SMSFs allocated around one third of all their assets, at $187.1 billion, to

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FinaMetrica and NBK Private Bank Switzerland collaborate on Robo

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FinaMetrica, a leading global provider of investment suitability tools, announced yesterday it has developed with the NBK Private Bank Switzerland (NBK) a new sophisticated robo advisor for NBK’s private bankers, which will be progressively rolled out in the next few months. The new robo advisor is a significant upgrade to the Arabic and English web based

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Australian wealth hits high with property splurge

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Property downturn will hit hard when it comes: experts Australians’ love affair with property and flirtation with shares pushed up their wealth to fresh record highs in the March quarter of 2015 to over $8 trillion. FinaMetrica risk experts Paul Resnik and Peter Worcester warn that such a huge allocation to property exposes households to

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SMSFs devote more to cash, property and shares, super funds drop cash holdings

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Self-managed superannuation fund (SMSFs) assets hit a fresh high of $580.2 billion in the March quarter of 2015, with Australian share holdings jumping to $193.1 billion, while Australia’s total managed funds industry hit a record $2.6 trillion in the same quarter. While SMSFs devoted more to property and cash, superannuation funds reduced their cash deposits.

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Finametrica wins risk profiling award at the Wealthbriefing Swiss Awards 2015

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FinaMetrica has won the ‘Best Risk Profiling Solution’ award at the 2nd WealthBriefing Swiss Awards. One of just two firm to be shortlisted in the Risk Profiling category, the triumph is yet another milestone in FinaMetrica’s drive to be recognised as the pre-eminent global player in the risk profiling space. Showcasing ‘best of breed’ providers in

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Safer sex: women prefer less financial risk than men

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When it comes to investing, women are generally less tolerant of risk than men, and in just one in six couples will it be the female who is the bigger risk taker, according to new data. Ahead of International Women’s Day on March 8, risk profiling firm FinaMetrica is warning advisers to act in the

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SMSF asset allocation exposes funds to big risks

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Self-managed superannuation fund (SMSFs) assets jumped almost $10 billion to $553.7 billion over the December quarter of 2014, according to data from the Australian Taxation Office (ATO), with Australian assets still dominating the mix, exposing these retirement investors to significant investment risk. Holdings of Australian shares at $176.2 billion accounted for 32% of all SMSF

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SMSFs vulnerable as offshore diversification is ignored

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Assets held by self-managed superannuation funds (SMSFs) increased marginally over the September quarter to $544.4 billion, according to data from the Australian Taxation Office (ATO), with most of that held in cash and Australian shares. Cash and term deposit investments rose to a record $156.7 billion during the September 2014 quarter, up 0.8% from the

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“High risk” advisers need to act now to elevate consumer needs

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FinaMetrica has welcomed the Australian Securities & Investment Commission’s (ASIC) inaugural Strategic Outlook, in which it has identified financial advisers as a “high risk area” for consumers. ASIC will target advisers in its surveillance program in 2014-15. ASIC said in its recently released Strategic Outlook that it is concerned by gaps “in core areas of

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FinaMetrica data reveals Millennials have similar risk tolerance as older generations

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Millennials have been thought to behave more conservatively when it comes to finances than older generations. But new research from FinaMetrica, a company that helps financial advisers properly assess client risk tolerance, found similar risk tolerance levels between millennials and people of older generations. The research, culled from data in the FinaMetrica Risk Profiling System

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