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Colchester launches first two ETFs in Australia
Colchester Global Investors has handed a mandate to Equity Trustees for two new ETFs, making it's first offerings in Australia.
Local advice sector an attractive opportunity for global PE firms
Local experts are observing a growing investment opportunity in Australian advice platforms that may not be as apparent for global investors, but since the sector is currently at its "infancy", many can capitalise on buying low and selling high.
FSC calls for tougher oversight of advice licensees
The Financial Services Council (FSC) has called for a significant overhaul of ASIC's supervisions of financial advice licensees, arguing stronger regulatory oversight is needed to better protect consumers following recent industry failures.
State Street launches first active ETFs in Australia
State Street Investment Management has launched two actively managed exchange-traded funds (ETFs) in an extension of its partnership with Blackstone Credit and Insurance.
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Hugh Killen
MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER
AUSTRALIAN AGRICULTURAL COMPANY LIMITED
AUSTRALIAN AGRICULTURAL COMPANY LIMITED
For Hugh Killen, several life lessons came from spending time on pastoral properties stretching across northern New South Wales and South-West Queensland.







There is nothing wrong with the payment of COMMISSIONS to advisors for their advice and responsibilities associated with Funds Management providing it is disclosed in a SoA in the NORMAL WAY! This is particularly suitable for smaller accounts, surely, as an inexpensive method of being remunerated for an adviser's continuing responsibilities, which, in turn, cost him PI Insurance!
The Hon Chris Bowen during ABC Lateline on the 11th Feb 2014 said that: "And you can have disclosure.... 'By the way I get a commission'.. and how many people read that is open to very, very much conjecture" and thereby revealed that he does not know what detailed disclosures go into a SoA, and that he treats the public as though they were stupid.
In which case why did he advocate any of the disclosures called for in his FOFA legislation when he does not believe that they will be read????
Wouldn't you just know that the ISA and FPA are aligned regarding opposition to Commissions. If only the costs and fees of Industry Funds were completely transparent.