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Now is the best time to invest in infrastructure: Palisade

MATTHEW WAI  |  THURSDAY, 24 JUL 2025
Infrastructure assets have traditionally been viewed as a defensive asset class, but opportunities are now emerging with potentially fruitful returns according to Palisade. Speaking at the Pinnacle Investment Summit 2025, Palisade Investment Partners ...

Federated Hermes 'not far away' from launching Australian wholesale products

MATTHEW WAI  |  THURSDAY, 24 JUL 2025
... diversified outcome that we're trying to deliver to the retirement market is exactly what we're considering." Selman said now was the right time for the launch of a new product since the business completed its 2018 merger. "Today, we are evermore ...

One third of advisers use 'Big 3' platforms: Rainmaker

KARREN VERGARA  |  THURSDAY, 24 JUL 2025
... counted a total of 39,419 users in the non-aligned category. In the aligned segment, there were 17,866. At the end of June, AMP, now rebranded as Entireti, was the largest financial advice brand with 955 registered advisers. But this is down 84 advisers ...

Investments, advice complaints jump 18%

KARREN VERGARA  |  WEDNESDAY, 23 JUL 2025
... is in the right direction, but receiving 100,000 complaints in a year is still unacceptably high," Locke said. "We've now had three years of high complaints. Firms have more work to do to ensure fair responses to complaints are delivered earlier ...

Aware Super expands European footprint

MATTHEW WAI  |  WEDNESDAY, 23 JUL 2025
... stake in apartment-hotel owner and operator The July. Having already acquired a stake of the business in July 2020, it is now the majority shareholder. The announcement is a part of the super fund's $9.4 billion (£5.25bn) commitment in the UK and ...

Younger Aussies want personalised financial advice: CALI

MATTHEW WAI  |  TUESDAY, 22 JUL 2025
... to build "the right safety net" for their future. "We welcome the government's commitment to reform, but action is needed now to close the gap between demand and delivery of financial advice," Cupitt added. "The federal government's introduction of a ...

ASIC sues Fortnum Private Wealth

KARREN VERGARA  |  TUESDAY, 22 JUL 2025
... understand that we all have a role to play in the financial services industry to deter cyber criminals. "As the matter is now before the Courts, FPW is unable to make further comment at this time." ASIC chair Joe Longo said: "Fortnum's alleged failure ...

North inflows jump 60%

KARREN VERGARA  |  MONDAY, 21 JUL 2025
... including our AI File Note tool and Lifetime retirement solutions. Our managed portfolio offer continues to grow rapidly, with AUM now at $21.8 billion," AMP chief executive Alexis George said. Managed portfolios grew 37% in the year to June 30. Meanwhile ...

Perpetual wealth hires sustainability manager

ELIZABETH FRY  |  THURSDAY, 17 JUL 2025
... years of experience in sustainability practices, working most recently with JP Morgan Asset Management and KPMG in Hong Kong. Now based in Sydney, Phillips will be embedding sustainability into product development, marketing initiatives, and client engagement ...

Elston expands institutional reach

ELIZABETH FRY  |  THURSDAY, 17 JUL 2025
... timing of the appointment reflects the momentum behind the business. "We've grown a lot in recent years, and there's now a real opportunity to have more conversations at the institutional level. Stacey's experience and trusted relationships ...