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Research exposes adviser pricing models

KARREN VERGARA  |  WEDNESDAY, 17 MAY 2017
Financial advisers are only achieving 13.5% in earnings - way below 35% targets, proving there is more confusion and curiosity about adviser pricing models than ever, preliminary results from Elixir Consulting research found. The study examined six ...

J.P. Morgan appoints new chief executive

KARREN VERGARA  |  WEDNESDAY, 17 MAY 2017
J.P. Morgan's local chief executive Rob Priestley has stepped down after 15 years in the top spot. Head of global investment banking Paul Uren will replace Priestley as chief executive for J.P. Morgan Australia and New Zealand. Priestley joined the ...

Top trends reshaping Aussie superannuation

EMMA RAPAPORT  |  TUESDAY, 16 MAY 2017
... market predicted to grow significantly over the next few years, funds not investing in this area ignore it at their peril." The top 10 major trends: 'Whole of life' superannuation - looking at the bigger picture Spotlight on post-retirement - transforming ...

Global infrastructure need deepens profit opportunity

JAMIE WILLIAMSON  |  MONDAY, 15 MAY 2017
Chronic underspending in infrastructure and consistent population growth has resulted in a dire need for investment portfolios to fund the provision of essential services to communities. Speaking at a Bennelong adviser event in Sydney last week, 4D ...

BTIM boosts FUM

KARREN VERGARA  |  THURSDAY, 11 MAY 2017
... prior corresponding period. The firm didn't provide further details but attributed currency movements negatively affecting its top line. The group's total revenue was down 12.4% to $246.4 million year-on-year, while statutory net profit after tax of ...

Treasurer launches new financial system inquiry

KARREN VERGARA  |  TUESDAY, 9 MAY 2017
... the major banks, which wrapped up in March. The Customer Owned Banking Association said fast-tracking the inquiry has been a top priority for mutual banks, credit unions and building societies pushing for a fairer regulatory framework. "Currently, major ...

ESG holds key to adviser client retention

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2017
... said. Calvert Research and Management director of responsible investment strategy, Anthony Eames, said the Eaton Vance Adviser Top of Mind Survey - which surveys thousands of US financial advisers each quarter - found 21% of advisers in the first quarter ...

Financial advisers should consider bitcoin as an asset class: Dunworth

MICHELLE BALTAZAR  |  MONDAY, 8 MAY 2017
... Dunworth said. "It's exactly what I said when bitcoins were at $500, then they hit $1000 and it's now past $1500. Bitcoin is the top-perfoming currency by a long shot in the last six out of seven years." The cryptocurrency was running hot up until two ...

Fund managers on fixed income recruitment drive

ALEX BURKE  |  FRIDAY, 5 MAY 2017
... would involve providing "ongoing coverage of a portfolio largely consisting of major Australian financial institutions and ASX top 50 corporates through detailed monitoring, research and analysis." The investment risk manager - fixed income role would ...

CFA considers AI, robo-advice in exams

KARREN VERGARA  |  THURSDAY, 4 MAY 2017
The CFA Institute believes artificial intelligence, fintech and robo-advice will have the greatest impact on the financial services industry - to the extent it is considering including such topics in its examinations. An overwhelming majority (70%) ...