Industry news

Beware the traps in the Government’s bankruptcy release

Businesses will get relief with changes to the bankruptcy laws but directors need to be aware that their duties remain in place and a business that is failing may not be saved by these changes. Directors who continue to trade…

Using digital tools to solve an online advice crisis

Our investment advice business attracts tens of thousands of readers every week, tens of thousands of listeners to our podcasts every month and an unstoppable and automated flow of new prospects. The craziest thing about all of it is I…

Get property development right, ATO tells SMSFs

The tax office has stepped up its monitoring of property development arrangements involving self-managed super funds, saying it is concerned that such arrangements may be inappropriate. The ATO is paying particularly close attention to arrangements that involve limited recourse borrowing…

So much more than an advice fee consent form

Advisers will have to do more than seek the consent of their clients to maintain ongoing fee arrangements. They will have to warn of any loss or reduction of benefits that result from paying those fees. They will also have…

Fintechs face a stress test

The fintech sector has been on a steep growth trajectory over the past couple of years, especially in areas such as payments. Investors have been happy to contribute to capital raisings for companies that are still in start-up mode, with…

Capital raisings at risk

A number of companies have had to abandon or scale back capital raising plans, as increasingly volatile markets throw business plans into turmoil. Credit fund managers Neuberger Berman and Metrics Credit Partners have withdrawn capital raising offers, as has regional…

Robo evolves to meet changing needs

Robo advice, which started out as a service to help people meet their financial goals through investment in portfolios of ETFs, has expanded in a number of directions over the past couple of years, as wealth companies find new uses…

Not much ticket left to clip

Regulatory changes to fee and commission arrangements, as well as competitive pressure on fees, are having a big impact on companies with business models built around taking a share of those revenues. Over the past few weeks, the interim financial…

Better advice model needed

Australians don’t like the way financial advice is being currently offered to them and would prefer piece by piece advice when they need it. Michael Blomfield, chief executive of Investment Trends revealed one result of this is that 53 per…

Investment research houses to merge

Two investment management research houses are set to merge, with Zenith Investment Partners announcing that it has entered into an agreement to purchase Chant West’s superannuation research and consultancy business. The deal, which is subject to Chant West shareholder approval,…