John Kavanagh
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Mortgage brokers struggle to build planner franchises

Mortgage brokers Yellow Brick Road and Mortgage Choice made some headway with their push to develop financial planning divisions during the 2016/17 financial year but they are still a long way off their goal of operating diversified wealth management businesses.…

MySuper dashboards ‘a cause for concern’

The risk and return reports provided by MySuper product providers are unreliable and possibly misleading, according to new research. Ken Davis, a professor at the Monash Business School, has done an analysis of MySuper dashboards for the Australian Centre for…

Aurora launches bid for RNY property trust

A dispute between the responsible entity of the embattled RNY Property Trust and a big unitholder, Aurora Funds Management, has come to a head with Aurora launching a bid for the trust. On Monday, Aurora issued a bidder’s statement for…

Nikko invests in ‘disruptive innovation’ specialist

Equity fund manager Catherine Wood believes it is reasonable to expect a compound annual growth rate of 15 per cent from a stock portfolio over the next five years – but only by backing the disruptors. Wood is the founder,…

Share placement puts Contango back on an even keel

Just weeks after being queried by the ASX about its cash position, Contango Asset Management has completed a $5 million share placement. The company will use the funds to retire its debt and will have capital left over for expansion.…

Robo advice faces a ‘considerable hurdle’

The superannuation industry has a ‘considerable hurdle’ to overcome in engaging users with automated financial advice systems for superannuation decisions, according to new research. A team at the CSIRO-Monash Superannuation Research Cluster surveyed super fund members about their attitudes to…

Charter Hall ups the ante with a 7.25 per cent yield

Charter Hall Direct Property has re-launched an unlisted office property fund, pitched at retail investors and SMSF trustees looking for income. The Charter Hall Direct PFA Fund has forecast distribution yield of 7.25 per cent a year, paid monthly, for…

SCT calls for clearer communication on insurance in super

The Superannuation Complaints Tribunal has called on super fund trustees and advisers to communicate more clearly with members about the way life insurance works in super. Helen Davis, the SCT chairperson, says the tribunal’s second biggest area of complaint (after…

Ethical funds: be there or be square

The proportion of “core” responsible investment strategies in the Australian investment management market is set to double over the next few years if they continue their present rate of growth and will soon make up 10 per cent of the…

Metrics Credit to list retail corporate debt trust

Specialist credit fund manager, Metrics Credit Partners, is entering the listed trust market, with a fund that offers high income returns from a portfolio of Australian corporate debt. MCP has been in business since 2011. It is 65 percent owned…