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Showing 1 - 10 of 23 results for "Finfluencers"

Investment habits of the generations revealed

ELIZA BAVIN | TUESDAY, 10 DEC 2024

... greater use of super and Australian shares. In addition, one in five Gen Zs are likely to consider information from 'finfluencers' or social media, compared to just over one in 10 Gen Ys and only 3% of Gen Xs. "Younger Australians - particularly Gen ...

Super funds should focus on 'simple' advice: Jones

ELIZA BAVIN | FRIDAY, 6 DEC 2024

... social media for financial advice. "They're going to Instagram, they're going to TikTok, they're going to 'finfluencers', unlicensed, unregulated - and that's at best. At worst, they've been caught up in the scammers and the fraudsters' ...

FAAA takes aim at finfluencers with new campaign

MATTHEW WAI | WEDNESDAY, 6 NOV 2024

... have lost over $1.3 billion to financial scams last year. "One-in-three Australians are still turning to unqualified finfluencers for guidance - a decision that could cost them a lot... the launch of this campaign is timely," Milnes said. The campaign ...

Jones preps DBFO Tranche 2 for parliament

KARREN VERGARA | WEDNESDAY, 30 OCT 2024

... the member passes away. "But worse still, if members cannot get advice from regulated sources, they may be led by 'finfluencers' and 'armchair' commentators to expose themselves to the dangerous world of scammers," he said.

ETFs dominate client portfolios: Study

KARREN VERGARA | WEDNESDAY, 5 JUN 2024

... insurance emerged as the most-used product (74%). "However, with the rise of the FIRE movement, DIY investing, and "finfluencers" exposing consumers to financial products and strategies that may or may not be right for their situations, some consumers ...

Financial Conduct Authority cracks down on finfluencers, firms

KARREN VERGARA | THURSDAY, 28 MAR 2024

The UK's Financial Conduct Authority (FCA) is cracking down on finfluencers as more financial services firms turn to social media to promote products and services. The financial services regulator is aiming to get on top of firms that illegally promote ...

Young investors fall prey to bad social media advice

KARREN VERGARA | WEDNESDAY, 13 DEC 2023

... firm Nationwide, investors aged 15 to 54 years old tend to trust advice generated by social media, particularly from finfluencers and generative artificial intelligence (AI). Older investors, on the other hand, are more cautious about online financial ...

ASX-listed firms partner for financial education

KARREN VERGARA | FRIDAY, 11 AUG 2023

... have taken this option away from many people." According to ASIC estimates, some 33% of young Australians listen to finfluencers for financial advice. "We need new ways of educating Australians to improve their financial literacy and confidence. Helping ...

Finfluencers bridge financial advice gap

KARREN VERGARA | THURSDAY, 18 MAY 2023

One year since ASIC forced finfluencers to obtain a general advice licence or else, finfluencers playing by the rules are reaching financially illiterate and disengaged Australians in a way that traditional advice has failed to. Finfluencers backed ...

Young, millionaire investors challenge stereotypes: Data

CASSANDRA BALDINI | THURSDAY, 18 MAY 2023

... portfolio's year-on-year," it commented. "In an era where young people are often associated with 'hype' stocks, finfluencers and short-term wins, it is interesting to see this is not necessarily reality. Our data shows younger Australians are ...

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Scarcity Partners enlists former Ophir Asset Management chief

ANDREW MCKEAN

GP staking specialist Scarcity Partners has appointed former Ophir Asset Management chief executive George Chirakis as a partner.

Financial services deregulation boosts economy by $2bn: FSC

KARREN VERGARA

Reforms in funds management, financial advice, and superannuation will usher in an extra $1.7 billion per year to the economy and can make Australia a serious financial services hub, the Financial Services Council (FSC) says.

Natixis, Generali merger creates $3.2tn fund manager

KARREN VERGARA

Natixis Investment Managers will combine with Generali Investments Holdings (GIH) to create a behemoth with €1.9 trillion ($3.2tn) in assets under management (AUM).

RBA is 'overachieving' on inflation target: GSFM

MATTHEW WAI

GSFM investment specialist Stephen Miller is predicting the RBA will deliver an interest rate cut in February.

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Kellie Wood

HEAD OF FIXED INCOME
SCHRODER INVESTMENT MANAGEMENT AUSTRALIA LIMITED

Schroders Australia's Kellie Wood talks about winning a lot, so much so that it's become a well-intentioned joke with her co-workers - but it's this ambitious attitude that spurs her on every day. Eliza Bavin writes.

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