This Month
Tax changes may make super the best place to stash cash
New analysis shows the changes will have the perverse effect of entrenching tax benefits for some of the country’s wealthiest, spurring calls for widespread tax reform.
- Hannah Wootton
- Opinion
- Opinion
Wall Street workers don’t understand how to prepare for retirement
Higher interest rates mean people need less money to retire, so if anything, finance industry employees should have revised their estimates down, not up.
- Allison Schrager
Labor ‘hot mess’ financial advice laws will drive up costs
A group representing financial advisers, stockbrokers, accountants superannuation trustees and investors said Stephen Jones proposals will drive up costs.
- Ronald Mizen
M&A hungry Australian Wealth Advisors Group beefs up board
The financial services firm will announce the appointment of industry veteran David Slack to its board on Wednesday, Street Talk understands.
- Sarah Thompson, Kanika Sood and Emma Rapaport
March
Where to invest $1m right now
We asked 11 experts where they would invest $1 million to earn serious returns; then we asked them to nominate an indulgence spend.
- Lucy Dean, Joanna Mather and Tom Richardson
Escala Partners dials up client fees after LGT Crestone snares advisers
Dragging its top revenue-writers to court didn’t work for Escala Partners. Now it is ready to pull another lever in its quest to plug talent (and revenue) leakage to rival LGT Crestone.
- Sarah Thompson, Kanika Sood and Emma Rapaport
‘Fun to watch’: Gold Coast crypto millionaire on bitcoin’s new rally
Sydel Siera discovered bitcoin while on a martial arts camp in Europe in 2016. Today, her cryptocurrency portfolio is worth more than $5 million.
- Jessica Sier
New Insignia CEO promises profit improvement
Scott Hartley admitted that investors will want to see proof of greater efficiencies and cost savings before they embrace the struggling wealth company again.
- Hannah Wootton
February
- Opinion
- Chanticleer
Confessions of a royal commission survivor
Renato Mota took on one of the biggest post-royal commission rebuilds at Insignia. He leaves after five years with questions over where advice and super are heading.
- James Thomson
How AI can help with financial advice
Financial planners are already in short supply. This is how AI can help them spend more time with clients.
- Christopher Niesche
Meet the CEO who doesn’t do Friday drinks
Karl Morris, CEO of stockbroking firm Ord Minnett and chairman of National Rugby League team Brisbane Broncos, is trying out intermittent fasting. But he is “no disciple”.
- Updated
- Sally Patten
Most Australians run out of super by the end of their lives: study
The research from a new industry super mega lobby group comes as the government considers how to make super funds better assist their customers in retirement.
- Hannah Wootton
Mystery buyer scoops up E&P Financial shares
Broker sources believe newly listed Australian Wealth Advisors Group could be buying up stock.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Former AMP executive steps into top job at Insignia Financial
Scott Hartley will step into the role in March, after a career working at wealth and superannuation giants including MLC and Sunsuper.
- Lucy Dean
Alarm over ‘heavy human cost’ of sophisticated investor test changes
Liberal senator and former listed company secretary Paul Scarr has warned the proposed reforms risk “swinging the regulatory pendulum too hard and too far”.
- Hannah Wootton
Private equity-controlled CFS makes a move on Perpetual; taps advisers
Street Talk can reveal the Jefferies and Gilbert + Tobin-advised wealth management group lobbed a bid for both of Perpetual’s units last week.
- Sarah Thompson, Kanika Sood and Emma Rapaport
January
One in four financial advisers yet to complete ASIC registration
More than one in four advisers will be prohibited from providing advice to retail clients if they don’t complete their registration by February 16.
- Lucy Dean
Shaws co-chief Allan Zion hangs up his boots
Co-chief Earl Evans will take on the sole chief executive role from July 1.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Knowledge test needed for ‘sophisticated investors’: advisers
Financial advisers say more needs to be done to ensure products aren’t mis-sold to underqualified investors, ahead of a lift in the sophisticated investor threshold.
- Lucy Dean and Duncan Hughes
- Exclusive
- Managed funds
Picking next AI champion ‘fraught with danger’: GCQ co-founder
Douglas Tynan made the comments as GCQ reveals a 50 per cent annual return in its flagship fund.
- Primrose Riordan