Devin Okeefe News Today

Schroders Australia, ClearBridge and GAM have all made new hires in their distribution teams, focusing on wealth and financial advisers.

“As an adviser, you are more hamstrung than ever, you are unable to recommend sustainable options as there is a lack of products in the market,” O’Keefe said. “There are more products now but are they doing what they say?”  Advisers often stuck to advising on what they were familiar with, he said, and what performed well which presented an opportunity to educate them on environmental, social and governance (ESG). If they were using it, it was mostly as a satellite approach rather tha...

Mayfair claims victory over former investor By Lachlan Maddock 08 March 2021 Mayfair 101 has won a case brought by a former investor in a finding it believes will be “problematic” for ASIC. The Supreme Court of NSW found that Mayfair 101 investor Stuart Klees was not misled or deceived by the conduct of M101 Holdings, with Justice Hammerschlag saying the case “fails at every hurdle”. “This is an important win for our ...