The business of funds management, and in particular the debate over vertical integration of advice, administration and management, has gone quiet after Labor’s Future of Financial Advice (FOFA) was ushered out in March 2016[1]. After a week I have spent poring over bank results and seeing how involved they are in the business of managing Australia’s investments, this week we are going to have a closer look at the funds management landscape in Australia, and in particular the dominance by the largest players of this A$2.6 trillion industry.
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