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Wealthier Aussies seeking advice

JAMIE WILLIAMSON  |  WEDNESDAY, 18 JUL 2018
Latest research shows about two million Australians sought financial advice in the 12 months to May, accounting for more than 27% of the total wealth management market. In its latest report, Roy Morgan has found that 1.96 million Australians have seen ...

Franklin Templeton appoints managing director

KANIKA SOOD  |  WEDNESDAY, 18 JUL 2018
Franklin Templeton Investments has appointed a managing director and head of investments solutions for its Asian business, capitalising on a strong demand for goals-based investment strategies in the region. Subash Pillai joined Franklin Templeton in ...

Chief economist update: The Goldilocks rate of interest

BENJAMIN ONG  |  WEDNESDAY, 18 JUL 2018
... compared with 1.5 percent a year ago." What do we get? Of course, that familiar refrain, "With a strong job market, inflation close to our objective, and the risks to the outlook roughly balanced, the FOMC believes that - for now - the best way forward ...

Aussie seniors fear GFC repeat

JAMIE WILLIAMSON  |  TUESDAY, 17 JUL 2018
... regular and constant income ranked as the most important financial goal among seniors, with having an income for life coming a close second. Other goals that ranked highly included the ability to afford aged care and medical costs, savings that can be ...

Crypto exchange enters superannuation market

KARREN VERGARA  |  TUESDAY, 17 JUL 2018
Cryptocurrency exchange Cointree is entering the superannuation space and enabling members to set up SMSFs that invest in digital assets immediately. It is partnering with New Brighton Capital, an SMSF service provider specialising in helping members ...

Innovators must cooperate: Stone and Chalk

HARRISON WORLEY  |  MONDAY, 16 JUL 2018
... designed to encourage cooperation between innovators based in its Sydney and Melbourne hubs. The new national program will close down operational silos and increase access to investors, contacts, programs and corporate partners, according to Stone and ...

Real estate investment veteran to depart

HARRISON WORLEY  |  MONDAY, 16 JUL 2018
... $60 billion real estate investment manager will retire at the end of the year, bringing a 40 year career at the firm to a close. Ian Mackie is set to retire from LaSalle Investment Management at the end of this year, after four decades with the firm. ...

Frontier names head of real assets arm

KARREN VERGARA  |  FRIDAY, 13 JUL 2018
Frontier Advisors appointed an investment banker to lead its real assets division. Isabelle Demir joins Frontier Advisors as head of real assets on July 30. The asset consultant has about $300 billion under advice. Demir will work closely with property ...

Sovereign investors change tack: Invesco

KANIKA SOOD  |  THURSDAY, 12 JUL 2018
Equities have overtaken bonds in the portfolios of sovereign wealth investors, according to Invesco which interviewed 126 central bank and sovereign wealth managers. Asia Pacific sovereign wealth investors are eyeing alternative investments and picking ...

Investor interest in long-short strategies surging: Zenith

KANIKA SOOD  |  THURSDAY, 12 JUL 2018
... Zenith said. In the five years to March 2018, long-short funds captured 92% of the market's upside return, which is within close range of the 98% upside capture for long-only funds, the researcher said. When markets fell, long-short funds provided a ...