Financial advice noted as ‘ripest fruit’ for regulatory reform; Asset manager M&A on the rise: PwC

The regulation of financial advice is one of the highest priorities for the Australian Law Reform Commission as it looks to revamp financial services legislation.

Driven by the desire to access new segments, build market share, and diversify product offerings, there is a resurgence in M&A and partnerships among asset managers, according to a global survey.

Anticipating some economic weakness in the months ahead in its 2023 midyear outlook, the investment manager has shared its 10-year annualised return forecasts for Australian stocks and bonds.

BlackRock and VanEck have reduced fees on several of their ETFs, all focused on property and infrastructure.

Kejal Somaia, co-head of multi-asset solutions at First Sentier Investors, has departed the firm after 17 years.

Outlining the three sectors likely to do well in current market conditions, this portfolio manager explains why it is too simplistic to lean on large caps and blue-chip companies.

Contrary to claims that finfluencers are a more accessible alternative to advisers, this licensed finfluencer believes she plays a complementary role towards easing investors into financial advice.