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Platinum announces strategic review
Platinum said following the review Platinum Capital and Platinum Asia Investments may be wound up.
Sequoia chief's job at stake in upcoming EGM
Sequoia Financial Group will hold an Extraordinary General Meeting (EGM) in June that will consider a resolution to remove chief executive and managing director Garry Crole.
Scott Farquhar steps down from Atlassian
After more than two decades at the helm, Scott Farquhar will step down as co-chief executive of Atlassian.
Goldman Sachs ditches robo-adviser Marcus Invest
The investment bank is offloading Marcus Invest to Betterment just three years after announcing it will launch the digital adviser.
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Why advisers should consider offering general insurance to HNW clients
I have read many articles over the years about servicing high-net-worth (HNW) clients in the financial services industry.
The role of AI in financial planning: Insights from the US
Ever since ChatGPT burst onto the scene late last year, generative AI has been front and centre of business discussions and financial planning, just like ...
Considerations when nominating a charity for your super upon death
There has been a lot of talk lately about the upcoming great wealth transfer, and you might be wondering where charities fit into all this.
The end of free money
With institutional investors prudently reassessing their risks in current market conditions and seeking safe havens in alternatives such as secured private ...
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Fiona Mann
HEAD OF LISTED EQUITIES AND ESG
BRIGHTER SUPER
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Brighter Super head of listed equities and ESG Fiona Mann was shaped by a childhood steeped in military-like discipline and global nomadism. Andrew McKean writes.
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What a surprise that SMSF members are satisfied with the vehicle that they chose :)
Calculating performance as $ is not really comparing apples to apples, because you'd expect that SMSF's by their very nature to generally have higher balances than their industry fund and retail counterparts.
Of course a SMSF owner will be happier if their super fund grew by $100k* from $500k to $600k, compared to a retail/industry fund members who's balance grew by $10k (assuming no contributions) from $50k to $60k. After all that's a $90k better 'performance' yet still both returned 20%.
I appreciate that you can not properly compare by % because no SMSF is the same, buts its still wrong to say that SMSF are happier with performance because the measure is wrong/false.