Financial & Investor Management in Melbourne, Victoria, Australia | Insurance company

Financial & Investor Management

Locality: Melbourne, Victoria, Australia

Phone: +61 3 9576 7444

Address: 20 Draper Street McKinnon 3204 Melbourne, VIC, Australia

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• Investing service
• Financial planner
• Insurance company

25.01.2022 A very simple explanation

21.01.2022 Democrats Trumped?

21.01.2022 The video goes on a bit but if you need to cut to the chase contact Steve Hill at Financial & Investor Management

19.01.2022 Important changes to the age pension in 2017 From 1 January 2017, there are some important age pension changes that could impact your benefits and warrant some pre-emptive action. What’s changing? The lower asset threshold that determines your eligibility for the full age pension will increase. This threshold varies, depending on your relationship status and whether or not you own a home. It’s also indexed periodically by the Government. To find the current thresholds visit ...Continue reading

17.01.2022 It's not a one size fits all situation. For a review of where you want to be and the best way to get there call Steve at Financial & Investor Management

16.01.2022 Great to see some action in the Aged Care Service Industry. What needs addressing is how residents can best afford care. Throwing millions at the issue without a structured plan is doomed to fail.

14.01.2022 Vector Insights The Story of an ETF Creation 25 May 2017 When investing in unlisted managed funds, investors apply to buy units in the fund and after processing the application, at best, the next day, the fund manager creates new units which they issue directly to the new investor. The price of the units is unknown at the time of the transaction and typically investors are required to fill out a comprehensive application form and do a 100-point security check. This process ca...n be time consuming. When investors wish to redeem or sell their units in an unlisted managed fund they can only do this with the manager of the fund who cancels the units in exchange for the current exit price of the fund. Again, this price is determined over the following days. The application and redemption process for unlisted managed funds lacks transparency and creates an onerous administration burden on the investor. Unlike unlisted managed funds, ETF units are quoted on ASX and this gives investors the flexibility to invest in real time throughout the day, just like trading shares. Investors buy and sell units on ASX at a price they can see and agree to at the time of the transaction. This is different to an unlisted managed fund where investors can only buy and sell units with the fund manager. In an ETF, ASX investors don't buy and sell ETF units directly with the issuer, instead the units are traded on ASX like listed shares. In the same way that a listed company uses large institutions known as 'ASX trading participants' to arrange for its shares to be listed on ASX, ETFs also employ trading participants to arrange for the ETF units to be traded on ASX. As a result, there is only one type of client that an ETF issuer will issue and redeem units to. That is an institutional trading participant known as an 'Authorised Participant' or 'AP'. It is the process of creating units and redeeming them with APs that sets ETFs apart from unlisted managed funds. The issuing of ETF Units to an AP is known as a 'creation'. When an ETF issuer 'creates' units in its fund, an AP buys up a basket of securities matching the ETF's investment strategy. The AP then sells these securities to the ETF issuer in exchange for ETF units. The AP then offers these newly created ETF units on ASX where they can be bought and sold by investors. When the AP wants to redeem fund units of the ETF, they follow the same process in reverse. As a result of the creation and redemption process performed by an AP, an ETF issuer typically doesn't have to buy or sell securities every day thus keeping transaction costs low in comparison to unlisted managed funds.

14.01.2022 Not a good time?

13.01.2022 A reality check on retirement income and you

12.01.2022 Phone 039576-7444 or mobile 0412-015-008 email [email protected]

08.01.2022 Strong performance continues

06.01.2022 It's not all good news but it could be a lot worse

05.01.2022 One view of the Australian economic outlook

05.01.2022 Check www.faim.net.au

04.01.2022 Where do you figure in your retirement strategy?

04.01.2022 The majority of Australian workers are free to choose their own superannuation fund, and while there are many funds available, for many people the choice will come down to an industry or retail fund. So it’s worth knowing what’s involved with both. Retail and industry funds both provide members with a tax-friendly environment to grow their retirement savings. Similarly, all industry and retail funds have a trustee that makes decisions about the insurance and investment servic...Continue reading