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Chief economist update: The colour of Beige

BENJAMIN ONG  |  THURSDAY, 19 APR 2018
Speculators speculating on the US Federal Reserve's next monetary policy movement should pay close attention to the Beige Book Report. The "book" isn't made up of figures and numbers and stats but instead anecdotal evidence on the state of the US economy. ...

New manager raising $30m for crypto fund

ALEX BURKE  |  WEDNESDAY, 18 APR 2018
... performance figures for investors, Nguyen said that 20% is "very viable, but we have the potential to be doing 100% over the next few years." "There's a lot of institutional money coming into the space. Wall St, hedge funds, family offices - they're ...

SMSF expert joins boutique investment house

JAMIE WILLIAMSON  |  TUESDAY, 17 APR 2018
... Slattery will advise the board of fund manager and individually managed account provider, Private Portfolio Managers, for the next 12 months. PPM founder and chairman Hugh McNally said the fund manager is delighted to welcome Andrea to advise its board. ...

Chief economist update: Back to the shops

BENJAMIN ONG  |  TUESDAY, 17 APR 2018
... inflation would return to 2% over the medium term, implied that the appropriate path for the federal funds rate over the next few years would likely be slightly steeper than they had previously expected." Repeat, "...slightly steeper than they had previously ...

ANZ issues last minute RC submission correction

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
ANZ issued a correction to its submissions to the Royal Commission over the weekend ahead of the next fortnight's hearings on financial advice. Senior Counsel Assisting Rowena Orr said the Royal Commission was provided with a correction by ANZ on Sunday ...

Alternative finance the option for millennials

DARREN SNYDER  |  MONDAY, 16 APR 2018
... managing cashflow, followed by equipment purchases. Between 30 and 40% of SMEs would consider using an online lender in the next 12 months, Breslow said. This means there is much to do in Australia and the US around education.

Digital broker partners for multi-asset trading

HARRISON WORLEY  |  MONDAY, 16 APR 2018
... business in Australia for OpenMarkets, as well as global brokers wanting access to the Australian equity markets - a natural next step in our strategy of attracting a broader range of financial intermediary clients." The announcement follows OpenMarkets ...

Royal Commission must cast net wider

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
The next fortnight will see the Royal Commission grill some of Australia's biggest providers of financial advice, albeit with some noticeable absences. During the Commission's second round of hearings the big four banks and AMP will appear, as will ...

Tradies test predictive underwriting

KARREN VERGARA  |  FRIDAY, 13 APR 2018
... artificial intelligence-powered underwriting capability has completed a successful test phase with a group of tradespeople. From next week plumbers, carpenters, electricians and builders aged between 20 and 40-years-old can access the predictive underwriting ...

Industry fund adds board director

JAMIE WILLIAMSON  |  FRIDAY, 13 APR 2018
... members - want a seamless digital experience, and James will be the driving force behind taking our online services to the next level." Capitalising on this, Vision Super recently appointed James Milne as head of technology. Milne was previously service ...