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Coastal Advice Group merges with Compass Financial Management

ELIZA BAVIN  |  THURSDAY, 14 MAR 2024
... collaboration and innovation, we are confident in our ability to navigate challenges and seize growth opportunities." The team now stands at 46 staff including 14 financial advisers with over 300 years of combined industry experience with two more existing ...

Bitcoin hits fresh high as investors await halving event

ELIZA BAVIN  |  WEDNESDAY, 13 MAR 2024
... to Bitcoin trading without owning the asset directly. "With the introduction of spot Bitcoin ETFs, investing in Bitcoin is now more accessible than ever for first-time investors and we've seen an influx of new investors dipping their toes into crypto ...

Managed account FUM closes in on $200bn milestone

JAMIE WILLIAMSON  |  TUESDAY, 12 MAR 2024
According to the latest figures, there is now about $195 billion held in managed accounts - up $33 billion in the six months to December end. The IMAP Census of Managed Accounts FUM shows the total grew by some 20.47% in the six-month period to hit ...

The tide is turning for North Asian equity markets: Maple-Brown Abbott

ELIZA BAVIN  |  TUESDAY, 12 MAR 2024
... valuations and we believe the results are clear: corporate Japan is responding, and share prices are rising," Main and Ho said. Now, South Korea's Financial Services Commission (FSC) has announced details of a "Corporate Value-Up Program", like Japan's ...

Simple strategies to overcome gender super gap

KARREN VERGARA  |  THURSDAY, 7 MAR 2024
... on the back burner. "This is completely understandable given the broader economy, but there are small shifts women can do now that can have really big returns down the track," she said. "For instance, consolidating your superannuation so you stop paying ...

InvestSMART launches investing platform

ANDREW MCKEAN  |  THURSDAY, 7 MAR 2024
... platform and appointed Rask Invest as its first external investment manager. Under this partnership, Rask Invest's clients will now have their funds managed within three Rask investment portfolios through InvestSMART's professionally managed accounts. ...

Alex Dunnin bids farewell to Rainmaker

JAMIE WILLIAMSON  |  THURSDAY, 7 MAR 2024
... better for members. Dunnin first began working in superannuation in 1993, joining the Insurance and Superannuation Commission - now the Australian Prudential Regulatory Authority - to lead the research program developing the first official quarterly ...

'About bloody time': Industry responds to PPL super reform

JAMIE WILLIAMSON  |  THURSDAY, 7 MAR 2024
... superannuation is not paid on parental leave. "Parental leave is one of the only types of paid leave that does not attract super - now that the Australian government will pay super on its scheme, it sets an example for more employers to follow," the ...

Melbourne advice firm joins Count

CHLOE WALKER  |  WEDNESDAY, 6 MAR 2024
... SMSF services company, Solutions Centric. This month, Count announced the completion of the Diverger acquisition. The group now has 590 financial advisers and funds under advice (FUA) of $29.9 billion.

Coalition appoints shadow assistant treasurer, financial services minister

KARREN VERGARA  |  WEDNESDAY, 6 MAR 2024
... frontbench yesterday, delegating Howarth the dual roles. Howarth was previously the shadow minister for defence personnel and now replaces Stuart Robert as shadow assistant treasurer. "Luke understands that small business is the backbone of the Australian ...