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EG to target intermediaries

CHLOE WALKER  |  TUESDAY, 5 MAR 2024
... a good thing - that's why firms aren't 'IPO'ing' as much as they used to," he said. "So, accessing the private markets now is very appealing for HNW Australians." This year, Weingarth said there are several big-picture factors supporting the growth ...

Aware Super appoints member strategy lead

KARREN VERGARA  |  TUESDAY, 5 MAR 2024
... technology and financial advice. As part of the shuffle, the corporate development team that is responsible for fund mergers now reports to Travis. Chief of staff and group executive for Victoria, Karina McPhee will lead a newly created communications ...

MSC Trustees nabs Equity Trustees general manager

JAMIE WILLIAMSON  |  TUESDAY, 5 MAR 2024
... Certane, formerly known as Sargon Capital. For her part, Holbrook said: "It's really exciting to join a dynamic team who now bring a full-service, end-to-end, fund services solution to the market, giving fund manager clients an alternative to the ...

Morningstar equities research lead departs

JAMIE WILLIAMSON  |  MONDAY, 4 MAR 2024
... the process of identifying someone to pick up the mantle, and I am optimistic we will find someone worthy," Hodge said. "For now, I thank Peter for the help he gave me personally and professionally, particularly in the formative years of my career. I ...

Count completes Diverger acquisition

KARREN VERGARA  |  MONDAY, 4 MAR 2024
Count has finalised the acquisition of Diverger as the latter officially delists from the ASX today. The group now has 590 financial advisers and funds under advice (FUA) of $29.9 billion. Count chief executive Hugh Humphrey said: "An important strategic ...

ASIC cracks down on scammers

CHLOE WALKER  |  MONDAY, 4 MAR 2024
... conducted an examination of the methods used by major banks to detect, prevent, and respond to scams. The regulatory body will now shift its focus towards a wider range of banks and superannuation trustees to ensure that they are taking all necessary ...

Insight Investment Consultants rebrands

JAMIE WILLIAMSON  |  FRIDAY, 1 MAR 2024
Insight Investment Consultants will now be known as Genium Investment Partners, as it expands its offering to include research ratings. The firm, which was founded in 2013, is rolling out the rebrand as it works to become a full-service research house ...

Large-cap equity funds continue underperformance: SPIVA

KARREN VERGARA  |  FRIDAY, 1 MAR 2024
... "It's really hard for long equity managers to actually charge clients on performance fees. It's almost non-existent now. If you're a hedge fund pursuing an absolute-return strategy, yes, it's standard to charge a 15% outperformance fee. ...

Long-term cost of super early release to be $85bn: SMC

CHLOE WALKER  |  FRIDAY, 1 MAR 2024
... Australians were encouraged to sacrifice their retirement savings to support themselves," Schubert said. "Tragically, that will now leave many people significantly poorer in retirement." Schubert said those withdrawals will also cost the next generation ...

Nominations open for 30th annual MAX Awards

CHLOE WALKER  |  FRIDAY, 1 MAR 2024
Nominations are now open for the annual Financial Standard MAX (Marketing, Advertising and Sales Excellence) Awards. Now in their 30th year, the MAX Awards recognises industry excellence in the fields of marketing, advertising and sales in financial ...