Managed accounts hit milestoneBY ELIZABETH MCARTHUR | WEDNESDAY, 31 JUL 2019 12:36PM
Managed accounts have reached a growth milestone, now making up 29% of the investment market in Australia.Read more: FUA, Rainmaker, FASEA, AMP Financial Planning, ANZ, Capstone, Commonwealth Financial Planning, Interprac, IOOF Group, Merit Wealth, NAB, Partners Limited, Shaw, SMSF Advisers Network, Synchron
Following its acquisition of a stake in Escala Partners, New York-based Focus Financial Partners is set to buy a slice of Melbourne-based MEDIQ Financial Services.
With the coronavirus, now dubbed COVID-19, impacting not only many lives, but now also the bottom line of some of the world's biggest companies, investors are chasing shorting opportunities to bank big on the pandemic.
A former chair of the SMSF Association has returned for another stint in the top job.
The chief executive of a $5.5 billion industry superannuation fund has spoken out against increasing the superannuation guarantee to 12% in a submission to the Retirement Income Review.
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