MM Newsletter
  15 July, 2021
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Money Management Original
Cost of FSCP needs to be kept under control
The cost of the single disciplinary body needs to be kept under control otherwise it will be another factor in driving up the cost of financial advice, according to industry associations.
Money Management Original
Demand for one-off advice drives new opportunities for advisers
Advisers should look at clients looking for one-off advice to build their prospective secondary client base, given that rising costs of advice delivery are driving down the number of clients per adviser.
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Money Management Original
FASEA needs overhaul under ASIC
The continuing profession development guidelines need to be addressed to remove duplication for tax financial advisers and there needs to be a consultation process which was lacking in the original development of the authority, the SMSF Association believes.
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Industry News
Growth still has value
Growth will be needed by investors in a risky environment like the one we are in, according Hamilton Lane.
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Industry News
20% of super funds may fail YFYS
A second failure of the You Future, Your Super performance test the next year was even higher as it would include nearly 90% of the same data, according Parametric Portfolio Associates.
Industry News
CountPlus member firm to acquire and merge
Bentley Brett and Vincent will merge and be acquired by CountPlus member firm Unite Advisory for a total purchase consideration of $1.7 million.
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Industry News
Investors should focus on quality
Investors should focus on guarding for inflation, searching for income, seeking quality companies as well as looking beyond stocks and bonds for the remainder of 2021, according to Franklin Templeton.
Industry News
RAH refinancing could set ESG standard for public projects
The refinancing of the Royal Adelaide Hospital using social and green loans could set a precedent for public/private partnerships, according to Aberdeen Standard Investments.
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Industry News
Midwinter partners with Moneysoft
Midwinter Financial Services has announced an integration with client engagement software provider, Moneysoft.
Industry News
FASEA 3-month rule consultation released
Consultation for the three-month registration requirement for November exam has been opened by the Financial Adviser Standards and Ethics Authority.
Industry News
Praemium inflows up 200%
Praemium has reported quarterly inflows to amount to $1.2 billion while total funds under administration achieved record $41.7 billion.
Industry News
Praemium looks to sell international operations
The managed account platform believes its international operations is at a scale disadvantage to its competitors and is looking to divest through a formal sale process.
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Industry News
Investing in closed-ended trusts
Closed-ended investment funds have received negative press lately, writes Angus Gluskie, so how do they work and what do investors need to know about premiums and discounts?
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