Advisers short-selling themselves by up to 50% – WT Financial; New entrants to benefit from education legislation changes

Advice firms should be targeting as much as $700,000 per annum per adviser in ongoing advice fees as clients could be willing to pay higher advice fees than advisers are charging, according to WT Financial.

A clause in the experience pathway legislation passed this week could improve the prescriptive rules imposed on new entrants and translate to more flexibility in the courses required, according to the FAAA.

The chief executive of Australia’s second-largest super fund, Australian Retirement Trust, is to depart next February.

Ausbil has appointed a head of global institutional distribution from Magellan, one of two distribution appointments.

ASIC has taken aim at distributors of over-the-counter derivatives after a review found improvements are needed in how they meet design and distribution obligations, having already issued 10 interim stop orders.

George Maris, former head of equities, Americas, at Janus Henderson, has been named chief investment officer and global head of equities at Principal Asset Management.

In this week’s episode of Relative Return, host Phil Tarrant speaks to Shane Hurst, Managing Director and Senior Portfolio Manager at ClearBridge Investments, winner of this year’s Infrastructure Fund of the Year.