In this episode, Paige Estritori discusses several key themes in Australian financial services. Firstly, the rapidly growing popularity of managed accounts among advisors, fueled by regulatory changes, advisor transitions, and the rise of model portfolios enhancing efficiencies. Cyber threats to superannuation funds prompt calls for stricter cybersecurity regulations from the Australian Prudential Regulation Authority (APRA). Mergers between WT Financial Group, Merchant Wealth Partners, and three other financial advisory firms create a new entity, Hubco, indicating a trend towards consolidation in the industry. Finally, the remarkable growth in insured value of strata properties, which house 15% of Australians, underscores the need for sustainable management practices in this sector. The podcast closes, reinforcing the importance of staying informed to secure a strong financial future.
