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.”
ASIC has issued a permanent ban to the former financial adviser.
The Quality of Advice Review (QAR) must look at the "significant layers of bureaucracy" forced on the advice sector in recent years, according to an i...
Volatile markets and natural hazard costs weighed on the firm’s latest annual results.
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