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Adviser number growth shoots?

ANDREW MCKEAN  |  FRIDAY, 10 JAN 2025
... category referred to the big six, including the four major banks, AMP, and Insignia Financial, but most of these entities have now exited the advice sector. He noted that this shift has led to the emergence of new players, such as Entireti, Count, and ...

Managed funds industry winners and losers

ANDREW MCKEAN  |  FRIDAY, 10 JAN 2025
... "It's not the fastest growing in absolute terms, but it's a nice area that's come from nowhere several years ago and now people are much more interested in global small caps. "If any fund manager was asking me what they should be thinking ...

Monetary policy to underscore 2025 allocations

ANDREW MCKEAN  |  FRIDAY, 10 JAN 2025
... governor Michele Bullock indicated the central bank views its settings as restrictive and intends to keep rates that way for now, holding out for clear signs that inflation is moving sustainably to target. Global X ETFs product and investment strategist ...

Chalmers boasts inflation data, experts divided

ELIZA BAVIN  |  THURSDAY, 9 JAN 2025
... significant decrease in inflation growth since 2022. "When we came to office, inflation had a six in front of it and it was rising, now inflation has a two in front of it, and that is a demonstration of that progress," Chalmers said. "Headline inflation ...

Bull market buoys super funds' 2024 returns

MATTHEW WAI  |  WEDNESDAY, 8 JAN 2025
... policy and markets responding positively, we anticipate this should continue in 2025. "Equity valuations are elevated but, for now, they are supported by continued economic resilience and earnings growth." Additionally, Australian Retirement Trust (ART) ...

Morgans Financial crowned largest licensee

KARREN VERGARA  |  WEDNESDAY, 8 JAN 2025
... advisers in May 2015, for example, while Charter Financial Planning had 800. AMP FP, Hillross, and Charter Financial Planning now operate under Entireti and AZ NGA. Entireti paid $10.2 million for AMP's advice licensees and Jigsaw. AZ NGA acquired ...

AustralianSuper wins fund of the year

ANDREW MCKEAN  |  MONDAY, 6 JAN 2025
... AustralianSuper opened an office in Beijing in 2012 - which has only a few research professionals, followed by a London office in 2016, now with 121 staff that manage US$12 billion, and a New York office in 2021, which has grown to over 41 staff that ...

CC Capital Partners bids for Insignia

KARREN VERGARA  |  MONDAY, 6 JAN 2025
... December 12. Insignia today confirmed that the US investment firm made the offer on January 3. Insignia's board said it is now considering the indicative proposal to assess whether it is in the best interests of shareholders to engage with CC Capital. ...

HPI rethinks Hostplus, Charter Hall takeover

KARREN VERGARA  |  MONDAY, 23 DEC 2024
After slamming the takeover offer from Hostplus and Charter Hall for several weeks, Hotel Property Investments (HPI) is now asking unitholders to accept the $3.785 per share bid. HPI's about-face announced last Friday is based on two recent developments. ...

Superhero Super assets to swell via fund transfer

JAMIE WILLIAMSON  |  FRIDAY, 20 DEC 2024
... Super's assets are about to double, as it prepares to merge with MYOB's Slate Super and Simple Choice Super. Members have now been informed that Slate Super and Simple Choice Super - both sub-plans of the Grosvenor Pirie Master Superannuation ...