Financial services lawyers believe the government may have good intentions, but the proposed legislation leaves superannuation trustees targeting an unachievable “standard of perfection” when it comes to advice deductions.

There were 25 winners at the first-ever Australian Wealth Management Awards, held in Sydney last night.

Platinum Asset Management saw outflows of $1.65 billion in April, partly as a result of redemptions from institutional mandates and product rationalisation initiatives.

Perpetual has announced the outcome of a six-month strategic review and discussions with private equity giant KKR regarding its corporate trust and wealth management businesses.

In this latest Meet the Manager profile, Money Management speaks with Ophir Asset Management co-founder and portfolio manager Andrew Mitchell.

AMP has launched an alternative debt fund to provide investors with exposure to global private debt.

There are multiple reasons for advisers to consider an allocation to gold when building client portfolios beyond its diversification purposes, writes Jean-Baptiste Berthon.