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HUB24 upgrades platform

KARREN VERGARA  |  MONDAY, 20 NOV 2017
... technological enhancements that will enable financial planners to deliver advice more efficiently. Scheduled for roll out next month, advisers will no longer have to use multiple systems and manual processes to create Records of Advice (ROA), as a new ...

RG97 to shine a light on passive strategies: Aberdeen Standard

ALEX BURKE  |  MONDAY, 20 NOV 2017
... that's outperformed every five years charging above the median, they'll say, 'Well, that's great, but what if you underperform next quarter?' They can't be seen to be selling a product that is too expensive, regardless of the net return. "All that leads ...

Powerwrap managing director departs

JAMIE WILLIAMSON  |  FRIDAY, 17 NOV 2017
... shareholders and other interested parties raise a total of $19.4 million. This is expected to support the platform throughout its next growth phase and in a potential IPO.

Australia becoming millionaire factory: Credit Suisse

ALEX BURKE  |  FRIDAY, 17 NOV 2017
... sixth-highest number globally. The report said the number of millionaires in Australia is forecast to grow by 46% over the next five years, to about 1.7 million. "No other part of the wealth pyramid has been transformed as much since 2000 as the millionaire ...

Where in the cycle is Australia?

BENJAMIN ONG  |  FRIDAY, 17 NOV 2017
"In the next 5000 kilometres, turn right." Even the now-ubiquitous GPS (global positioning system) will ask you're starting point before it gives directions to your destination. But what if you don't know where you presently are? Such is the problem ...

Longstanding chair to farewell fintech

JAMIE WILLIAMSON  |  THURSDAY, 16 NOV 2017
... decade in the role. OneVue chair Gail Pemberton will step down from the role following the company's annual general meeting next week, to be replaced by former Diversa chair Ron Dewhurst. On her decision to leave the role she's held since 2007, Pemberton ...

Inconsistency, communication top adviser bugbears

KARREN VERGARA  |  THURSDAY, 16 NOV 2017
... partner Lisa Weissel is sharing at the upcoming Financial Planning Association of Australia's Professional Congress in Hobart next week. Weissel, together with wetalkmoney's Tony Sandercock, will explore some of the critical best interest duties financial ...

'tis the season to not be jolly

BENJAMIN ONG  |  THURSDAY, 16 NOV 2017
... Thank goodness Australia doesn't celebrate Thanksgiving Day - there won't be anything to give thanks for when it comes around next week. While we're at it, Santa Claus may not be coming to town either. I'm not in a "Grinchy" mood today, it's just the ...

Government launches emerging market impact investment fund

EMMA RAPAPORT  |  WEDNESDAY, 15 NOV 2017
... measurable, beneficial social or environmental impact alongside a financial return as they prepare to shift control to the next generation. A tender process to manage the EMIIF will commence shortly to engage an investment manager and trustee to oversee ...

AZ NGA acquires Victoria practice

ALEX BURKE  |  WEDNESDAY, 15 NOV 2017
AZ Next Generation Advisory has acquired a financial planning firm established in 1983. Dunsford Financial Planning (DFP) is led by Mark Dunsford and based in Victoria's Mornington Peninsula. Part of the Now Financial Group, of which Dunsford is also ...