Trialogue is a must-read for those within the Australian wealth management industry. These fortnightly, thought provoking articles are produced by our experienced consultancy team in Sydney, Australia.
In a retail market starved of growth opportunities, the prospects of new capital pools offered by active ETFs continue to entice asset managers. Despite a flurry of new entrants, few active managers have been able to gain genuine traction in the market.
Large active managers have struggled to maintain pace with passive and niche-active providers in recent years. With a particularly difficult year drawing to an end, what will drive the competitive outlook over the next five years?
Australia’s latent demand for financial advice is worth over A$2.2bn annually. Meeting this demand would have a profound impact on the lives of millions of Australians but requires bold policy resets.
Industry funds’ dominance of Australia’s retirement system is widely acknowledged, though their infiltration of the HNW segment has stayed largely under the radar. This poses new challenges for retail competitors.
On an outlook of healthy contestable flows, plenty of opportunity exists for well-positioned retail equity managers in Australia, despite industry headwinds and global sentiment.
The recommendations of the Quality of Advice Review would force large institutions back to the table on advice, re-define digital advice models and have significant flow-on implications for customer-facing channels.
There’s been a lot said over the past few years about “rise of the (superannuation) titans”. ‘The Titans’, having now well and truly risen, and with the contributing industry and regulatory conditions generally well understood, we thought it worth a discussion on what comes next.
It has been a tough start to the year for ETFs (and for asset management in general), headline flows into ETFs to H1 CY22 were down ~23% period-on-period, with market volatility testing the nerves of many investors. However, looking beyond the headline numbers, there’s still a lot to play for.
Performance Based Fees: a lot more complex than you’re likely giving them credit for, and that may come back to bite you…
Global Fixed Income strategies could provide a (increasingly rare) refrain from the beleaguerment faced by institutional asset managers…
