Managers struggle to secure positive net flows in FY24BY ANDREW MCKEAN | THURSDAY, 12 SEP 2024 12:51PMA minority of investment managers have had positive net flows over the past year, according to Rainmaker Information. Related News |
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Australia's retirement system receives first A-grade
|Australia's retirement system has finally received an A-grade rating in the annual Marsh CFA Institute Global Pension Index after stagnating at the B+ level for the last five years.
Brighter Super changes up investment, insurance fees
|Not-for-profit fund Brighter Super has introduced numerous changes to its fees, decreasing investment fees while increasing insurance costs.
Channel Capital wins distribution mandate
|Channel Capital has been appointed by Coller EQT to distribute, promote and service investor support to the two secondaries strategies currently available in Australia.
Perpetual asset management outflows hit $9.6bn
|Perpetual's asset management business recorded $9.6 billion in net outflows during the September quarter, weighing on funds under management as its Corporate Trust Division reached a record $1.4 trillion in funds under administration.
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David Sharpe
CHAIRMAN
FINANCIAL ADVICE ASSOCIATION AUSTRALIA
FINANCIAL ADVICE ASSOCIATION AUSTRALIA
A family man, business owner, cricket fanatic and financial adviser, David Sharpe has many facets. One of his biggest legacies, as he steps down as chair of the Financial Advice Association Australia, is leaving the profession stronger than he found it.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
It's interesting to see all these really clever fund managers talking about addressable markets, economic moats etc etc but they can't (or won't) see that the Australian market has changed. The pie is getting bigger but there's no longer any room for rent seekers. There will only be a dozen big insto super funds left at the end of the consolidation and only boomer advisers are still banging away with active managed funds because their CVP is product based not strategy based.