Yesterday
Baby Boomers are loaded. Why are they so stingy?
Recent evidence has cast doubt on the notion that a spending splurge by those born between 1946 and 1964 is on the way.
- The Economist
This Month
Morgan Stanley’s wealth unit dips into Perpetual Private ranks
Street Talk understands Daniel Elias has defected to Morgan Stanley Wealth Management after five years of overseeing a team of Perpetual advisers.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Super funds spend big ahead of advice reforms
As the legislation enabling them to give more financial advice languishes in Canberra, funds are moving ahead with plans to implement it anyway.
- Hannah Wootton
The future of financial advice is digital – and human
AI-powered apps are touted as a big part of the solution to providing affordable financial advice en masse, but winning people’s trust is a key challenge.
- Joanna Mather
I’m a Zillennial. Is financial advice worth it for me?
At $4700, many young Australians would think twice about taking on a financial adviser. But are there instances when it’s worth it?
- Lucy Dean
Government still stumped by financial advice semantics
The government will try to head off a semantic storm over the term “qualified advisers” by replacing the words with “product adviser”.
- Joanna Mather
April
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