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US family office launches Australian arm

CHLOE WALKER  |  TUESDAY, 27 FEB 2024
... management firm Giles Wade. To date, Asena said it has almost exclusively targeted an Australian audience with interests in the US. Now, it aims to create a globally integrated approach, offering clients the opportunity to establish an investment presence ...

Centrepoint Alliance targets further growth with new platform

JAMIE WILLIAMSON  |  MONDAY, 26 FEB 2024
... $140.5 million. In its adviser numbers it saw net growth of 17 across the licensed and self-licensed channels, with its total now sitting at 1338. It added that the pipeline to recruit is also strong due to licensee consolidation and it expects further ...

Warren Buffet honours Charlie Munger in Berkshire shareholder letter

ANDREW MCKEAN  |  MONDAY, 26 FEB 2024
... participants are neither more emotionally stable nor better taught than when I was in school. For whatever reasons, markets now exhibit far more casino-like behaviour than they did when I was young," Buffet said. "The casino now resides in many homes ...

Wingate-backed non-bank lender prices $1bn RMBS

CHLOE WALKER  |  MONDAY, 26 FEB 2024
... transaction. ORDE Financial (ORDE) managing director Ryan Harkness said the key milestone reflects the dedication of the team, now over 100 professionals, and the support it's received from its many partners, investors, and shareholders. "The transaction ...

HSBC wins $23bn in admin, custody mandates

JAMIE WILLIAMSON  |  FRIDAY, 23 FEB 2024
... statistics, HSBC Custody Nominees added more than $20 billion to its assets under custody in the six months to December end. It now has $84.9 billion on its books; $62.2 billion in Australian assets and $22.7 billion in non-Australian assets, a pool ...

Five megatrends shaping financial services: McCrindle

CHLOE WALKER  |  FRIDAY, 23 FEB 2024
... with new devices, and with new slang," McCrindle said. The second of the mega trends is virtuous consumerism. "People are now making economic decisions informed not purely by the economic trends, but also by the broader values and an ethos of the organisations ...

Bragg calls for another Financial System Inquiry, critiques ASIC, APRA

ANDREW MCKEAN  |  FRIDAY, 23 FEB 2024
... superannuation system on the financial sector, economy, and markets serving as a critical justification. "... the super system is now large enough to influence the economy and spur crony capitalism," he said. Moreover, Bragg advocated that an FSI could ...

How advisers protect themselves from 'rogue' clients

KARREN VERGARA  |  FRIDAY, 23 FEB 2024
... "fantastic documents" and tools for advisers and SMSFs available in PDF format on its website. "Issue them to your clients every now and then," Bobbin urged, adding that many clients do appreciate reading such materials. "It is about protecting you from ...

Financial services 300x more likely to get hacked: Expert

CHLOE WALKER  |  FRIDAY, 23 FEB 2024
... reputation, and devastating for your business valuation." Jack said it's not a matter of 'if' but 'when' an attack will happen. "Now I've heard this many times from small business owners, 'I'm just a small business, who's going to go ...

Proposed super tax requires perspective: Expert

KARREN VERGARA  |  THURSDAY, 22 FEB 2024
... Another issue SMSFs must bear in mind is that Division 296 targets future gains from 30 June 2025. "The gains we're making now are never captured by Div 296 as long as we get valuations right at 30 June 2025," she said. Division 296, she emphasised ...