Super IQ doubles after dual acquisitionsBY MARK SMITH | FRIDAY, 1 NOV 2013 12:30PMSuper IQ's acquisition of Super Concepts means the self-managed super fund (SMSF) provider has doubled in size in the last month. Related News |
Editor's Choice
Janus Henderson acquires NBK Wealth, Tabula Investment Management
Janus Henderson has acquired the wealth management arm of the National Bank of Kuwait, NBK Wealth, as well as European ETF provider, Tabula Investment Management.
ART names advice and education leads
Australian Retirement Trust (ART) has revamped its advice, guidance and education team and created two new leadership roles.
Men, women in same occupation drive pay gap
A whopping 80% of the gender pay gap can be attributed to women being paid less than men within the same occupation, a new economic analysis shows.
Macquarie Group profits falls 32% to $3.52bn
Macquarie Group has reported a net profit of $3.52 billion for the year ending 31 March 2024, a 32% decrease from the previous year.
Products
Expert Feed
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 ...
Featured Profile
Robert De Dominicis
CHIEF EXECUTIVE OFFICER
GBST HOLDINGS LIMITED
GBST HOLDINGS LIMITED
It was during a family sojourn to the seaside town of Pescara, Italy, Rob DeDominicis first laid eyes on what would become the harbinger of his future. Andrew McKean writes.
So with the Tranzact purchase and the Super Concepts purchase the total number of funds acquired by AMP SMSF will approach 15,000.
After having a 10 year start on everyone else ANZ/ING have bailed out. They have seen the light - you do not need to own an administration business to be in the SMSF space. SMSF administration is a commodity.
The administration businesses are all in a mad scramble to the bottom in relation to fees. Margins are falling. While technology (the great saviour) can deliver scale it will inevitably lead to a lack of personal service and -
- Very few trustees require whizz bank platforms with iThingy access.
- Basic advice will incur significant additional fees
- Trustees will be pushed back towards an adviser (the very antithesis of why they set up an SMSF in the first place).
In summary the trustees of SMSFs will be worse off.