Advisory firms best able to weather fee pressures; Markets surprised by June rate call

Advisory firms are the only part of the investment value chain to escape fee pressure, according to a global report from FNZ and Boston Consulting Group.

The Reserve Bank of Australia has defied rate hold expectations in June, raising it by 25 bps in the continued battle against inflation.

In the lead-up to the Fund Manager of the Year Awards on 22 June, the Global Equity finalists have shared their thoughts on the asset class.

A Brisbane financial adviser has been banned by the Australian Securities and Investments Commission (ASIC) after recommending his clients roll their superannuation into self-managed superannuation funds (SMSFs) and borrow to invest in residential property.

Magellan Financial Group has seen flat net institutional flows for the first time in year.

The registrations of 29 self-managed superannuation funds (SMSF) auditors have been cancelled by the Australian Securities and Investments Commission (ASIC) for failing to lodge annual statements.

The recent failures of US banks Silicon Valley Bank (SVB) and Signature Bank have unnerved investors globally.