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Former BTFG executive takes on new role

ELIZABETH MCARTHUR  |  TUESDAY, 8 OCT 2019
BT Financial Group's former general manager of platforms and investments has stepped into a new role with an emerging platform provider. John Shuttleworth has been appointed chief executive of Spitfire. Spitfire's current chief executive Matthew Johnson ...

Chief economist update: Bad news is good news is back

BENJAMIN ONG  |  FRIDAY, 4 OCT 2019
"Bad news is good news." That phrase, born of the Great Recession of 2008, has become a staple and go to rationale each time equity markets jump on bad news. Bad news! Wall Street dropped - Dow down by 1.9%, S&P 500 down by 1.8%, Nasdaq down by 1.6% ...

Moelis eyes new private credit fund, appoints lead

KANIKA SOOD  |  THURSDAY, 3 OCT 2019
Moelis Australia has appointed a new managing director as it gears up to launch a new private credit fund. Oliver Trajcevski is joining the company from Dinimus Capital where he launched and managed three private credit funds with $400 million in total. ...

Chief economist update: US recession on the cards

BENJAMIN ONG  |  THURSDAY, 3 OCT 2019
"Yesterday, all my troubles seemed so far away Now it looks as though they're here to stay..." - The Beatles Well, two yesterdays ago to be precise. This was on October 1 when the Reserve Bank of Australia (RBA) cut interest rates for a third time ...

Chief economist update: The greatest central banker of modern times

BENJAMIN ONG  |  TUESDAY, 1 OCT 2019
"Patience is a virtue." We've heard, read and seen this quote many, many times. This is a quote that's so easy to say but difficult to apply - more so if you're the head of one of the world's biggest central banks, presiding over a fast ...

Industry embraces Mental Health Month

ELIZABETH MCARTHUR  |  TUESDAY, 1 OCT 2019
... information about support services like Lifeline can make a huge difference. "Providing that information that people can just read and digest on their own time is a really good non-confrontational way to reduce stigma and start the conversation," Clarke ...

Rainmaker Group expands into ESG media, acquires The Sustainability Report

JAMIE WILLIAMSON  |  WEDNESDAY, 25 SEP 2019
Financial services information publishing company Rainmaker Group, publisher of Financial Standard, announced the acquisition of sustainable investment specialist publications The Sustainability Report and Audacious Investing. Following the purchase ...

Technology coming for advice jobs

ELIZABETH MCARTHUR  |  WEDNESDAY, 25 SEP 2019
... Statement of Advice. The Nod bot generates in seconds what takes paraplanners hours or even days. It also has the ability to read all the statements of advice ever written by the advice firm to maintain tone and structure. "Bots may not entirely replace ...

FASEA ethics pose risk to managed accounts

ELIZABETH MCARTHUR  |  MONDAY, 23 SEP 2019
... adviser being a shareholder in the licence and the business benefits as a result of the product or service recommended. "Read literally, the Code also bans an adviser recommending that a client receive ongoing advice since the adviser will presumably ...

Support staff should meet FASEA standards

ELIZABETH MCARTHUR  |  FRIDAY, 20 SEP 2019
... a run-down of the Royal Commission recommendations that apply to advisers and said that everyone working in advice should read the 100 pages of the Royal Commission report that apply to advice. When it comes to life insurance advice, Ashenden explained ...