MM Newsletter
  08 March, 2021
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Latest News
Money Management Original
Will reference-checking be the big cost in adviser recruitment?
As the major licensees compete to attract advice businesses and individual advisers, the Australian Securities and Investments Commission’s new approach to reference-checking may be a key determinant.
Industry News
Private equity takes significant stake in BetaShares
BetaShares is signalling it is positioning for growth after private equity player, TA Associates, has taken a significant stake in the company via the Mirae Asset Financial Group shareholding and those of minority investors.
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Industry News
Private debt continues to offer attractive returns
The asset class is one of the few asset classes where the skillset of the manager could actually demonstrate the ability to preserve investor capital, according to Evergreen Ratings.
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Industry News
Chinese fund manager targets Australian investors
Fullgoal Fund Management has reached a distribution agreement with 3PD to target Australia and New Zealand investors.
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Industry News
Bond markets ‘grappling’ with reflation risks: FSI
Reflation issues with bond markets and central banks will continue through 2021, according to First Sentier Investors.
Industry News
Dover and McMaster handed penalty
Dover Financial Advisers have been ordered to pay a $1.2 million penalty for engaging in false or misleading conduct, while Terry McMaster will also be required to pay $240,000.
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Industry News
Planning and accounting groups unite against ASIC levy rise
Five planning and accounting groups have united to press the Government to override the Australian Securities and Investments Commission on its proposed levy increases citing the mass exodus of advisers from the industry.
Industry News
Ex-adviser charged for fabricating wholesale certificates
Ezzat-Daniel Nesseim has been charged with 16 offences and the corporate regulator alleged that he gave false answers and information under oath.
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Editorial
Money Management Original
Successive Govts have failed on financial planning regulation
If financial advice is to be made more affordable, the layer upon layer of financial planning regulation needs to be stripped back and the Australian Securities and Investments Commission is not the vehicle to achieve that.
InFocus
Money Management Original
InFocus: AMP topping up its war chest but what about advice?
Mike Taylor writes that if AMP’s joint venture with Ares around its private markets business comes to fruition it will have topped up the company’s commercial war chest but reshaping the advice business remains a significant work in progress.
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