The $500k price tag on bad super choicesBY KANIKA SOOD | FRIDAY, 8 FEB 2019 12:29PMSticking to a bad super fund could leave the average Australian worker more than $500,000 poorer over their lifetime, latest research from SelectingSuper found.
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Adviser numbers plateau
The number of financial advisers in Australia appears to be stabilising at 15,602, as Count and AMP Financial Planning continue to hold the lion's share.
Praemium loses $700m due to adviser transitions
Praemium reported total net outfows from its Powerwrap scheme has reached $700 million over the past three quarters.
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Forager's chief investment officer has read the riot act to investors.
Adam Blumenthal ordered to pay $850k
Blumenthal is also banned from managing corporations for five years.
Further Reading
Sponsored by | Where do advisers invest their time?The stage 3 tax cuts have sparked discussions on bracket creep. Implementing a tax-effective investment strategy is crucial now more than ever. |
Sponsored by | Quality and Yield. A Powerful combination.With central bank rates seemingly peaked, investors are not awaiting yield increases. We're bucking the trend with investment rates at decadal highs |
Sponsored by | Why it could be a good time to be a growth contrarianGrowth-style companies are in vogue, but you may need to think outside the box to ensure you don't overpay. |
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Featured Profile
Fiona Mann
HEAD OF LISTED EQUITIES AND ESG
BRIGHTER SUPER
BRIGHTER SUPER
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.
No! Stop the click bait. If the client was to receive advice from a Financial Planner, they would have their funds invested in a portfolio that suits their needs! Give me a guarantee that the best performing portfolio last year is the best option for the client over the long term! No you can't. That's because past performance is not an indication of future performance. I had a 64yo prospect see me about retirement planning and was alarmed to learn that he could have picked another portfolio other than the default employer portfolio. Same fund, different portfolio. If you don't see a Financial planner whilst you are young, you too will need to deal with REGRET.