Editor's Choice
Reach Alts hires private wealth lead
|The HUB24-backed private equity firm appointed a head of private wealth from Aviva Investors.
PGIM inks joint venture for 20 Bridge Street
|PGIM Real Estate is partnering with Anton Real Estate Partners to acquire 20 Bridge Street in the Sydney CBD - currently home to the ASX.
CBA's 'Cinderella story' over: Analysts
|Commonwealth Bank delivered another positive performance this week, but analysts are starting to question just how overvalued it is.
SG Hiscock, Ruffer shutter funds
|Two funds managed by SG Hiscock (SGH) and Ruffer have closed due to lack of investor interest.
Products
Featured Profile

Raelene Seales
CHIEF EXECUTIVE OFFICER
PRIME SUPER
PRIME SUPER
Prime Super's Raelene Seales' immersions in cultures of innovation and creativity have equipped her to breathe new life into the fund, to the benefit of its broad church of members. Andrew McKean writes.
An incredibly lop sided view of life from the FAAA as to whether banks will or will not re-enter the advice market. In truth, the FAAA has no idea what the banks will do. ( it's subjective at best ) Regurgitating history to suggest they won't return is a pretty shallow view of strategy given the want to serve clients better. The reality is that technology developments have enabled scaleable low cost 'personal advice' with all of the consumer protection protocols in place to become a reality. There are regulated providers with AFSLs issuing advice through an SoA already operating in the market and they make advice affordable and accessible - which the FAAA does not.
It seems to me the Super Funds and the Banks and some smart advisers and platforms (to wit, orphaned clients) will all consider the merits of this and as with all wealth providers, seek to provide a genuine trustworthy experience to their members or clients. Interesting to observe that the FAAA in it's continued pursuit of face to face advice (in defence of its client base) doesn't seem to be aware of the depth of the digital advice market already - which is surpassing the cliched views that it can't be done.