The Future of Financial Advice reforms will boost adviser interest in exchange traded funds (ETF), according to BetaShares.
“From an IFA’s perspective ETFs offer a compelling proposition.”
BetaShares ETF March review found that the domestic ETF market had hit the milestone figure of $7.12 billion in assets under management, on the back of positive market conditions.
It marks the sixth consecutive month that the Australian ETF industry has achieved record levels.
Vynokur said that the continual growth of the ETF industry has been largely impacted by the take up of products by advisers.
“The market is showing cumulative growth of 30 per cent per annum year on year and that’s expected to continue going forwards,” he said.
“We’re certainly seeing significant parts of the market adopting ETFs and independent financial advisers are a very significant part of the growth story.”
The professional body for the stockbroking and financial advice industry has called on the government to “urgently” review the ASIC levy model. ...
The Association of Financial Advisers (AFA) has confirmed the appointment of a new chief executive. ...
FPA chief executive Dante De Gori has announced he will step down from his role at the end of 2021. ...