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Tech, behavioural science to engage clients

ANNABELLE DICKSON  |  WEDNESDAY, 14 APR 2021
Wealth managers and financial advisers are encouraged to use technology and behavioural tools to assist clients in making better financial decisions, according to behavioural finance experts. Oxford Risk said blending technology and behavioural science ...

Chief economist update: Australia's confidence contagion

BENJAMIN ONG  |  WEDNESDAY, 14 APR 2021
Australia may not be "at the front of the queue for a safe and effective vaccine" (as Morrison declared back in November 2020) but it's certainly leading much of the world in containing the virus and strengthening economic recovery. This was the ...

Include ESG in BFID: FSC

KANIKA SOOD  |  TUESDAY, 13 APR 2021
... the duty to be clarified to ensure that long-term investment decisions, including those which incorporate ESG factors, are not in conflict with the best financial interests duty, particularly given the long-term nature of superannuation investments and ...

Mainstream obtains superior takeover offer

ANNABELLE DICKSON  |  TUESDAY, 13 APR 2021
... notified Vistra to either match or make a better offer by April 16. The scheme implantation deed is conditional upon Vistra not exercising the Vistra matching right, Mainstream terminating the Vistra scheme implementation deed and paying Vistra a break ...

O'Dwyer joins Barrenjoey

ANNABELLE DICKSON  |  TUESDAY, 13 APR 2021
Just two weeks after joining the board of Equity Trustees, Kelly O'Dwyer has been appointed as a director of Barrenjoey Capital Partners, alongside its general counsel. O'Dwyer is currently a non-executive director of Home Consortium and recently joined ...

ETP demand soars, unlisted unit trusts retract

KARREN VERGARA  |  TUESDAY, 13 APR 2021
The exchange-traded products market skyrocketed 149% to $95 billion in the three years to December 2020, new research finds. Rainmaker's latest research predicts that ETPs will eclipse the unlisted unit trust market in another three to five years. ...

ARK Innovation ETF cops neutral rating

KARREN VERGARA  |  TUESDAY, 13 APR 2021
... scoring system that monitors six inputs to a stock's investment thesis," he said. He went on to slam the "analyst bench" for not holding credentials above a bachelor's degree and pointed out that prior to joining ARK, only half the current team ...

HNWs change views on advice

ELIZABETH MCARTHUR  |  TUESDAY, 13 APR 2021
... who prefer making decisions on their own (34%, down from 49%)." However, the research found that this shift in attitude has not led to greater uptake of advice. Over the last 12 months, the use of financial advisers (19%) full-service stockbrokers (15%) ...

Goldsky director charged

ELIZABETH MCARTHUR  |  TUESDAY, 13 APR 2021
... other victims, and represented to them that their money would be invested in a managed fund. However, ASIC alleges Grace did not allocate investor money to investments and trading and did not generate the profits that he pretended investors could expect. ...

Chief economist update: ScoMo cannot miss new vaccination target

BENJAMIN ONG  |  TUESDAY, 13 APR 2021
... government's vaccine roll-out target. Taking to Facebook, Morrison announced on April 10 that: "The government has also not set, nor has any plans to set any new targets for completing first doses. While we would like to see these doses completed ...