ASIC lowers wholesale investor threshold to $2.5 millionBY LAURA MILLAN | MONDAY, 11 AUG 2014 12:35PMSelf-managed super fund (SMSF) trustees with net assets of at least $2.5 million could be classified as wholesale investors by their financial advisers, the Australian Securities and Investments Commission (ASIC) has determined. Related News |
Editor's Choice
Another MWL adviser banned over Shield collapse
ASIC has banned another MWL Financial adviser Nicole Niu from providing financial services, controlling an entity that carries on a financial services business or performing any function involved in the carrying on of a financial services business for a period of five years.
Warakirri, LongView launch home equity strategy
Warakirri Asset Management and LongView are partnering to bring a new shared equity co-investment fund exclusively to wholesale investors seeking access to Australia's residential property market.
Swedish PE giant sweetens offer bid for Perpetual
EQT AB has sweetened its offer bid for Perpetual, after the financial services firm rejected the unsolicited takeover bid from the Swedish private equity giant earlier in the month.
Igneo opens private infrastructure strategy to advised investors
Igneo Infrastructure Partners has launched its first private infrastructure fund for advised and wholesale investors in Australia.
Products
Expert Feed
When geopolitics becomes a portfolio risk
Geopolitics is back - again - and Australian investors can no longer treat it as distant background noise.
Does association membership still matter?
With all the changes the advice sector has experienced in recent years, such as regulatory reform and increased education and professional standards ...
Digital assets and where they stand in 2026
So far in 2026 digital assets have captured the headlines largely for the wrong reasons, but that doesn't tell the full story.
Rethinking default design in a changing market environment
The evolution underway in the US DC system highlights the value of periodically reassessing default design assumptions.
Featured Profile
Blake Briggs
CHIEF EXECUTIVE OFFICER
FINANCIAL SERVICES COUNCIL
FINANCIAL SERVICES COUNCIL
Since becoming chief executive, Blake Briggs has renewed the Financial Services Council's influence, expanded the membership base, and strengthened its policy and advocacy credentials. Karren Vergara writes.
What comfort it must give most investors in superannuation, most of whom cannot even dream of having sufficient money in superannuation or elsewhere, to learn that there are fellow Australians who have more than $10 million in their Superannuation Fund.
What a disgrace.
On top of this it is necessary to have expensive discussion, that is expensive at taxpayers' expense, about whether those rich Australians should have special treatment when purchasing assets in their Fund.
What has happened to a fair go for every Australian citizen?
The rich get richer and the poor stay poor because they cannot get any poorer.