MM Newsletter
  18 September, 2020
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Latest News
Money Management Original
Adviser exits only modestly offset by provisional adviser entrants
The exodus continues among financial advisers offset in a small way by a modest but growing number of provisional advisers.
Money Management Original
Generation acknowledges conflicts risk in Lonsec stake
The firm which has taken a 37% $20 million stake in Lonsec has acknowledged the perceptions risk entailed in a research house sitting alongside a managed accounts business.
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Money Management Original
PE immunises super funds from valuation noise
Private equity is based off fundamentals and this can eliminate valuation noise coming from listed markets, according to Schroders.
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Money Management Research
Aussie equity fund launches hit decade low
Launches of Australian equity funds have reached a decade-low this year with just one fund launched so far this year.
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Money Management Original
Members show greatest concern for climate change risk: NGS Super
Around 90% of member enquiries regarding the super fund’s environmental, social and governance policy related to climate change.
Industry News
Median balanced fund up 1.8% in August
While recovery momentum helped bolster account balances in August, the second half of 2020 will be dependent on COVID-19 infection rates and the gradual easing of restrictions across the country, according to SuperRatings.
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Industry News
Medium-term outlook for consumer demand remains positive
Despite the challenging period and first recession in Australia in 30 years, consumer spending, particularly in categories such as furniture, home improvement and electronics, has been strong, according to Auscap Asset Management.
Industry News
Official unemployment rate hides real market story
Despite the surprise of a drop in the unemployment rate to 6.8%, it covers up a weaker underlying market story, according to BetaShares’ chief economist.
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Industry News
Generation takes 37% of Lonsec
Investment group Generation Development Group has picked up a key 37% stake in research and ratings house, Lonsec.
Industry News
Netwealth partners with Xeppo
Netwealth has formed a strategic partnership with specialist fintech data solutions provider Xeppo and will purchase an initial 25% equity stake.
Industry News
CountPlus’ member firm completes acquisition
CountPlus member firm AdviceCo has announced it has completed a tuck-in acquisition of the accounting revenues of Arch Capital under the CountPlus ‘owner-driver, partner’ model.
Outsiders
Money Management Original
Has Harvey gained a ticket for World Travel?
Outsider confesses that a number of years ago he, or someone purporting to be him, described Equity Trustees’ somewhat peripatetic Harvey Kalman as “Harvey World Travel”.
Money Management Original
ASIC happy to help the watchdog watching ASIC
Outsider feels sure that financial advisers will be heartened by the news that the Australian Securities and Investments Commission has 2,237 employees and that over the next four years it intends investing in its people and their capability at all the regulator’s offices across Australia.
Money Management Original
Pulling on the gloves for a sucker punch
Outsider was somewhat amused when a little-known Queensland Liberal National Party backbencher decided to take on two former first-graders – former Labor Prime Ministers Paul Keating and Kevin Rudd – on the question of superannuation policy.
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