As we start 2022, it seems nothing is normal or is it the continuation of the abnormal?
What we do know is most states (except WA) want to get back to the old days of 2019.
InQuick update from the Chairman of the Australian Advice Network Investment Committee (Troy Theobald) on the recent market volatility.
In our recent blogs we mentioned the AAN Investment Committee had been very active through this recent downturn.
This sort of event can provide an opportunity and the attached information will give you a fuller explanation of the restructuring and repositioning that occurred towards the end and during the re-weight of the March Quarter.
This is for your information only and is a little technical, however we hope it provides a deeper understanding of the work that is going on behind the scenes.
In today’s world, it seems there is nothing more difficult to achieve than consensus. With almost every topic a matter for partisan debate, asking a group of people to respond to a common piece of stimulus will typically result in a range of reactions, no matter how straightforward that stimulus might appear.
Put it to a group of Australians that the sky is blue and you’re almost guaranteed to be faced with a diversity of views.
This week at AAN, we were fully expecting a Labor party led by Bill Shorten to be heading to the lodge and their agenda to start being factored into our strategies…
The concern was always that the ALP had already flagged a mini budget in September, which would have meant at least another four months of uncertainty and then looking at the impacts of the changes they were going to introduce.
AAN Asset Management (AANAM), the investment advice subsidiary of Australian Advice Network Pty Ltd, has grown rapidly since its introduction in January 2016. The AAN Models now manage almost $400Million.
The existing investment committee, made up of senior practioners and directors within the license, has always sourced input from external advisers however; these advisers did not have designated roles or voting rights.
Whilst the Banking Royal Commission was making headlines earlier in the year and for much of last year, our team have been crunching numbers, and now that the data is in, we can’t help but think our clients were the winners in 2018!
With a great deal of anticipation and no small amount of speculation, Commissioner Hayne has released his findings and recommendations from the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry.
He has made 76 recommendations and other than one contentious point in regards to mortgage broking and upfront commissions, both of the major parties have said they will accept and implement them.
AAN Asset Management and its investment committee work closely with managers such as Vanguard (See Video) who have a proven track record in achieving index returns and delivering cost reductions to clients. Utilising Vanguard with active managers allows us to provide very competitively priced solutions without sacrificing return.
“This award recognises the financial planning Licensee that has created the most effective business from the start-up phase. Based on business growth metrics and the support of individual advisers, the award considers the activities, strategies and actions of the group in terms of adviser recruitment and retention, as well as the success of individual advisers in supporting the group’s overall growth and development”
We now have an election result which in normal circumstances would mean we have a clearer understanding of the policy direction over the next few years. This result, however, means there will be a lot of negotiation before we see the final position on issues such as the controversial superannuation changes proposed by the Government during the May budget.
The Australian Advice Network has successfully applied for and received approval from ASIC to begin providing financial services in Australia. This day commemorates the commencement of a fresh new Financial Services Licence based around exciting client centric advice. All involved parties that have been working towards this day are very excited about the future of the group.