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Netwealth celebrates $100bn amid 25th anniversary

JAMIE WILLIAMSON  |  TUESDAY, 3 DEC 2024
... revamped platform. The platform's new look "provides a modern, intuitive and interactive interface that will support the next chapter of our growth," Netwealth chief executive Matt Heine said. Commenting on the anniversary, Heine said: "Twenty-five years ...

Resources for the win in 2025: Datt Capital

MATTHEW WAI  |  TUESDAY, 3 DEC 2024
Australia's resource sector is well-placed to deliver for investors next year, with Datt Capital flagging a mix of underlying signals that will drive its performance. In 2025, oil, gold and metals, lithium and copper, as well as industrial metals are ...

AMP completes advice licensees sale

KARREN VERGARA  |  MONDAY, 2 DEC 2024
... will as time progresses," she said. AMP will also launch a digital advice and educational offering in the first quarter of next year. "We still have 30% ownership in the new business and we are going to be there supporting that and the team to be successful ...

$3m super tax faces axe, pushed to 2025

MATTHEW WAI  |  MONDAY, 2 DEC 2024
... million superannuation tax last week may well see the measure abandoned. The Division 296 tax could be shelved until after the next federal election, missing out on the opportunity to pass during the final parliamentary sitting of the year. Neo Super ...

FAAA celebrates adviser excellence

MATTHEW WAI  |  FRIDAY, 29 NOV 2024
... Financial Planner Professional of the Year, Professional Practice of the Year, the Inspire Women Excellence in Advice Award, Gen Next Rising Star of the Year, and University Student of the Year. Founder and strategic wealth adviser at Melbourne-based ...

Regulators warn of possible issues with FAR reporting

ELIZA BAVIN  |  THURSDAY, 28 NOV 2024
... superannuation trustees reminding them of their obligations under the Financial Accountability Regime (FAR) before it takes effect next year. The FAR commenced for the banking industry on 15 March 2024 and takes effect for the insurance and superannuation ...

Advisers put faith in global equities, small caps in 2025

MATTHEW WAI  |  THURSDAY, 28 NOV 2024
... class will perform the best over the period. Further, 20% of advisers plan to increase allocations to the asset class in the next six months. However, despite the bullish outlook, advisers have flagged concerns that global markets may be becoming too ...

SMSFs surpass $1tn milestone

MATTHEW WAI  |  WEDNESDAY, 27 NOV 2024
... passed the lower house last month, was on its way to the Senate only to be reported that it could be shelved until after the next federal election. "It appears the government has come to the realisation that they don't have the support of the Senate ...

CFS awards equity, infrastructure mandates

KARREN VERGARA  |  TUESDAY, 26 NOV 2024
... found that 54% of financial advisers want to increase revenue per client and 50% want to serve more clients annually over the next three years. Financial advisers manage 110 ongoing clients each, on average, but want to serve 152. With only 15,500 advisers ...

$3m super tax faces uncertain future

ELIZA BAVIN  |  TUESDAY, 26 NOV 2024
... government's $3 million superannuation tax, which was expected to come into effect 1 July 2025, could be shelved until after the next federal election. SMSFA chief executive Peter Burgess said the proposed tax is "deeply flawed" and would come with many ...