How can the advice industry collectively improve the PY?

Members of the financial planning industry have shared with Money Management how they believe the Professional Year could be further developed.

Magellan has warned a black swan event “cannot be ruled out” given the current banking crisis but reassured investors in its $7.2 billion Global fund that it has minimal banking exposure.

Female investors hold different financial drivers, beliefs and goals than their male counterparts, which need to be unpacked for a successful adviser-client relationship.

The chief executive of an advice financial technology firm is to step down after two years.

While REITs are well positioned for an environment of elevated inflation and low growth, office spaces could face double headwinds with rate hikes and the adoption of hybrid work.

Former ASIC commissioner, Cathie Armour, has taken up a board role at Cboe, her first since departing the regulator last year, as director David Trude departs after 11 years.

Amid inflation, interest hikes, and changes to superannuation, financial capability remains at the forefront of conversations, though many are concerned about Australians’ ability to manage their money.