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Wealth at risk in fractured families (The Aust 19/10/19)

Wealth at risk in fractured families (The Aust 19/10/19)

David Smorgon calls it “The Fractured Family List”.

And he laments how many members of The Australian’s inaugural List of Australia’s richest 250 people are on it.

“There are too many families who should be just on The Australian’s Rich List and not on a Fractured Family list — where there are tensions and conflicts between the families, where they haven’t got their act together, where their family business is at risk of imploding, not because of business reasons, but because of family reasons,’’ he said this week on the sidelines of an address to clients of Hamilton Wealth Management at the Kooyong tennis club.

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CBA on a mission to raise cash (The Aust 10/10/19)

CBA on a mission to raise cash (The Aust 10/10/19)

Commonwealth Bank of Australia is tapping sophisticated and institutional investors for more than $750m as it seeks to capitalise on demand for yield in a ­record-low interest rate climate.

Hamilton Wealth managing partner Will Hamilton said investors needed to look at the tenure of the hybrid as well as the yield, and look out for capital notes that were offering better returns in the secondary market.

 

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Life in a low-return world as RBA official cash rate drops below 1 per cent (The Aust 05/10/19)

Life in a low-return world as RBA official cash rate drops below 1 per cent (The Aust 05/10/19)

So we finally have rates at less than 1 per cent and already the market is speculating that there will be another cut in the fourth quarter this year — and one more in 2020.

For all of us, but especially for those who paid 18 per cent mortgage rates in the late 1980s, these are certainly unprecedented times. Who would have thought 30 years ago we could ever have zero interest rates in sight? However, I believe the reality is we need to get used to lower for longer.

 

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Reform sector or risk shortage of financial advisers (The Aust 01/10/19)

Reform sector or risk shortage of financial advisers (The Aust 01/10/19)

What has happened to the plans to reform financial advisers?

Jane Hume, the Assistant Minister for Superannuation, Financial Services and Financial Technology, has announced two key changes for the financial advice industry:

● An extension to the requirement for all advisers to complete the Financial Adviser Standards and Ethics Authority (FASEA) exam by one year to January 1, 2022.

● All advisers must meet the FASEA qualification requirements by an additional two years to January 1, 2026

 

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Paying down debt no longer way to go, young warned (The Aust 01/10/19)

Paying down debt no longer way to go, young warned (The Aust 01/10/19)

James Kirby writes how ultra-low interest rates are prompting financial advisers to reassess investment advice and now tell younger clients that paying down debt is no longer a priority.

But they warn middle-aged clients and retirees, who have been stung by a collapse in interest rates on deposits, to be wary about chasing the promise of high returns or exotic investments, given this inevitably comes with high risk.

Will Hamilton of Melbourne-based Hamilton Wealth Management said: “The bottom line is that average returns will be lower in a low rate environment.”

 

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Why investors are shunning active and chasing passive (AFR 25/09/19)

Why investors are shunning active and chasing passive (AFR 25/09/19)

Active managers have struggled with fund flows this year as investors opt out into cheaper passive funds.

The local sharemarket has gained more than 20 per cent since the start of the year, a performance many active managers have struggled to match.

There’s a really big issue out there. There’s something like 130 managers managing the ASX 200 and 83 per cent of them underperformed last year,” says Hamilton Wealth Management founder Will Hamilton.

 

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Tough times in emerging markets: ETF investors beware (The Aust 31/08/19)

Tough times in emerging markets: ETF investors beware (The Aust 31/08/19)

As Australian investors continue to extend their offshore investments beyond the ASX, there has been a parallel move into emerging markets.

Yet while emerging markets has been a brilliant asset class in the past, looking at recent performance, annualised on a three-year basis, the index has traded in line with Australia in Australian dollar terms and lagged developed markets (as has Australia) by about 1.2 per cent. Further, the asset class has underperformed developed markets and Australia by about 5 per cent on an index basis over the last year to June 30.

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