Wealth Management News

InvestorDaily Praemium research has found eight in 10 high-net-worth (HNW) investors are already using AI for financial tasks, but most still want a human adviser in the loop. The findings, conducted with research consultancy CoreData, are based on an online survey of 139 advised HNW Australian investors between 29 May and 22 June this year. Respondents said they use AI […]

InvestorDaily Goldman Sachs has created a private markets platform for wealthy clients and family offices who increasingly want direct stakes in fast-growing private companies. According to a memo seen by CNBC, the alternative investments platform combines the bank’s existing alternatives business with two newly-established teams. CNBC said the new teams will focus on direct investments in private companies, rather than […]

InvestorDaily According to Partners Group’s Private Markets Chartbook Q2, AI demand is now accelerating faster than capacity, with usage expected to rise 24x by 2030 – potentially driving a US$1 trillion annual capex cycle. “Nearly half of enterprises report some level of revenue or cost benefits from AI. Enterprises are reporting an average US$2.8 in […]

InvestorDaily ETF provider VanEck has argued private capital is increasingly capturing some of the most sought-after public market assets, leaving retail investors with fewer avenues to access long-term, income-generating companies. In a recent note, VanEck head of investments & capital markets Jamie Hannah highlighted Australia’s shrinking pool of listed infrastructure companies, which he said have […]

InvestorDaily T. Rowe Price has elevated a long-serving executive to oversee adviser and platform relationships as it looks to deepen its presence in the Australian wealth market. The asset manager has promoted Heath Branigan to head of intermediary for Australia, placing him in charge of the firm’s relationships with financial advisers, dealer groups, platforms and strategic partners. Branigan […]

InvestorDaily Investing in private equity (PE) should be viewed like a ‘marriage’, according to MLC, with a long-term mindset taken to investing in the alternative asset class. Speaking to Investor Daily, Rachael Lockyer, head of Australia PE at MLC Private Equity, discussed the considerations for advisers investing in private equity. While private markets have grown […]