This podcast discusses the rapidly changing world of Separately Managed Accounts (SMAs), with significant mergers exemplified by the acquisition of Evidentia by Generation Development Group. This has expanded offerings to conventional and tailored SMAs and Managed Discretionary Accounts. The sector, currently managing $232.7 billion, is expected to double in value by 2030. In Australian news, ASIC has taken legal action against AustralianSuper due to allegations of delayed death benefit claims processing. Internationally, the US stock market faces a downturn due to President Trump's increased tariffs on Canadian steel and aluminium, with a significant loss in investor morale and major losses in market value. Meanwhile, the Australian Reserve Bank's rate cut has resulted in a surge in consumer confidence and improved business conditions despite global trade tensions and a slight dip in the mining industry.
