In this episode, Paige Estritori discusses updates in the Australian financial services sector. Topics include the rise of managed accounts capturing 25% of client flows, with BlackRock contributing $6.5 billion. Changes in regulation and adviser migrations, model portfolios, and ESG considerations have accelerated this transformation. Cybersecurity challenges are also noted, with the Australian Prudential Regulation Authority encouraged to tighten regulations amidst escalating threats. The merger of WT Financial Group and Merchant Wealth Partners creating 'Hubco' is set to streamline client outcomes, with a focus on growth. Lastly, the value of Strata Properties in Australia has risen to $1.4 trillion, stimulating the need for efficient management and investments. Stay informed on financialservicesonline.com.au.
