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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Blake Briggs
CHIEF EXECUTIVE OFFICER
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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.
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.