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Australian ETFs reach $233bn in FUM

ELIZA BAVIN  |  TUESDAY, 12 NOV 2024
... the year. This positive performance in turn saw cryptocurrency-related ETFs deliver strong returns. According to VanEck, the top 10 ETFs by returns for October were: Betashares Crypto Innovators ETF (CRYP) - 26.7% Global X Physical Palladium (ETPMPD) ...

Head of strategy exits Australian Retirement Trust

ELIZABETH FRY  |  FRIDAY, 8 NOV 2024
Australian Retirement Trust (ART) has farewelled the author of its first corporate strategy upon the merger of Sunsuper and QSuper in 2022. As the head of strategy, Andrew Ko wrote ART's long-term strategic plan. For three years, Ko was responsible ...

Old, retired males more likely to use a financial adviser: VanEck

ANDREW MCKEAN  |  THURSDAY, 7 NOV 2024
... investors with portfolios of over $1 million are more likely to have a financial adviser (39%) than those without (21%). The top three reasons investor use a financial adviser are to get expert advice, to manage their investment portfolio, and to plan ...

AI use limited but take up rises among advisers

KARREN VERGARA  |  TUESDAY, 5 NOV 2024
... Microsoft's Co-Pilot (54%). Across the board, Co-Pilot saw a significant take up since last year, rising from 17% to 54% among top AI users and those who are just starting out. Big advocates of AI tend to use it to identify fraud and cyber breaches ...

Australian Retirement Trust works to resolve ongoing outages

JAMIE WILLIAMSON  |  MONDAY, 4 NOV 2024
... apologise to members impacted by the technology outage last week... Getting our members money into their accounts has been our top priority. All income payments have been processed as of Wednesday, October 30 and we communicated directly with impacted ...

Funds SA adds to leadership team

ELIZABETH FRY  |  MONDAY, 4 NOV 2024
... Funds SA chief executive John Piteo has bolstered the leadership team by making a series of promotions. After a year in the top job, Piteo has elevated nine staffers in investment, finance and operations, analytics, and relationship management. He has ...

CFS, Viridian Advisory launch low-cost advice deal

KARREN VERGARA  |  MONDAY, 4 NOV 2024
Colonial First State (CFS) and Viridian Advisory have teamed up to offer a low-cost version of financial advice that starts at $500. The arrangement, available to CFS FirstChoice superannuation, pension, and investment clients, enables those who do ...

Westpac profits drop as it prepares for leadership change

ELIZA BAVIN  |  MONDAY, 4 NOV 2024
... the expenses that may be associated with the proceedings and settlement. Meanwhile, King is preparing to step down from the top job after five years in the role, handing over to Miller. King said the bank is in "very good shape". "Westpac is a simpler ...

Retail super funds spend big on advice

KARREN VERGARA  |  FRIDAY, 1 NOV 2024
... year reveals that retail superannuation funds spent a whopping amount on external financial advisers. Seventeen out of the top 20 super funds that had a massive advice budget were retail funds. AMP's Wealth Personal Superannuation and Pension Fund ...

GAM hires new local lead from Bennelong

ELIZABETH FRY  |  THURSDAY, 31 OCT 2024
... Australia and New Zealand. Our products and solutions consistently outperform benchmarks, reflecting our dedication to providing top-tier investment solutions. "Eric's belief in GAM's new strategic direction, leadership, and unwavering commitment ...