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The social benefits of advice

ALEX BURKE  |  WEDNESDAY, 28 OCT 2015
The true value of financial advice lies in its social and emotional benefits, according to Effortless Engagement owner Dean Lombardo. Speaking at the Association of Financial Advisers National Adviser Conference in Cairns, Lombardo related how he'd ...

Pengana grows team ahead of fund launch

LAURA MILLAN  |  MONDAY, 26 OCT 2015
Pengana Capital has appointed three new members to its marketing and distribution team ahead of the launch of a new fund. The appointments were announced as the manager prepares for the launch of the Global Equities Market Neutral Fund at Christmas. ...

China should have hardlanded

BENJAMIN ONG  |  TUESDAY, 20 OCT 2015
"Believe it or not, I'm walkin' on air... Flyin' away on a wing and a pray'r..." -Joey Scarbury It's tampered with, it's falsified, it's a fabrication, it's embellished! As sure as night follows day, these howls of protest come when China reports growth ...

Steady funds thrive in low growth world

LAURA MILLAN  |  FRIDAY, 16 OCT 2015
A portfolio of high quality companies that can grow steadily -"not spectacularly"- over the long term is the right strategy to face the challenges of a low growth environment, Morgan Stanley senior portfolio manager Bruno Paulson said. He described ...

Challenger annuity sales grow 12 per cent

DARREN SNYDER  |  FRIDAY, 16 OCT 2015
... Colonial First State. "This annuities-on-platform initiative will increase our retail adviser distribution footprint with sale volumes expected to build over time," Benari said. He said as the baby-boomer generation starts to retire about 700 Australians ...

Nikko AM grows distribution team

LAURA MILLAN  |  THURSDAY, 15 OCT 2015
Nikko Asset Management has grown its distribution team and hired two regional sales managers for New South Wales and Queensland. Lia Gunawan joins from the Australian Red Cross, where she was national business partnerships manager. She has also held ...

WBC rate lift pressures RBA rate cut

BENJAMIN ONG  |  THURSDAY, 15 OCT 2015
Who can you bank on, who can you trust? Westpac, you can bank on us! I haven't landed in this great land yet when this catchy jingle from Westpac's ad was playing on Australian TV back in 1989. Thanks to tech magic, I can play, rewind and replay it ...

UBS releases mFund basket

ALEX BURKE  |  TUESDAY, 13 OCT 2015
UBS Asset Management has added a suite of funds to the ASX's mFund settlement service. Eleven UBS funds are now available through mFund. These are: the UBS Australian Small Companies Fund, UBS Microcap Fund, UBS HALO Australian Share Fund, UBS Australian ...

Martin Currie hires from AB, Perennial

DARREN SNYDER  |  TUESDAY, 13 OCT 2015
Active equity manager Martin Currie has made two key hires in its Australian sales, marketing and client services team. Joining Martin Currie as marketing manager is Carly Bode, who will focus on the development and implementation of the marketing strategy. ...

Russell Investments sold to TA Associates

DARREN SNYDER  |  MONDAY, 12 OCT 2015
... execution, as well as its orientation to multi-asset and solutions investing, formed a major part in its US$1.15 billion sale. Global growth private equity firm TA Associates announced on Friday it had entered an agreement to acquire Russell Investments ...