Dear all,
The end of the year provides an opportunity to reflect on the developments and events that have made the year an interesting one. Markets have certainly delivered some challenges for investors around the globe but we’ve again been reminded of the valuable role managed accounts play during times of market volatility. The ability to rebalance and implement changes to client portfolios simultaneously and efficiently has no doubt helped advisers effectively manage their client portfolios at a time when risk management and execution efficiency has been paramount.
Markets aside, the regulatory landscape always delivers change and challenge in our industry and 2022 was no different. The Quality of Advice (QoA) review and the Your Future Your Super (YFYS) performance test are two reforms that were debated by the industry at great lengths. We advocated strongly for changes to both sets of recommendations so it was heartening to hear that both the YFYS performance test and the QoA review had revisited aspects of their initial proposals. In particular, we’re pleased to see that the recommendation to deregulate general advice has been discarded.
This year wraps-up our first full year of operating as part of the broader FE fundinfo group. With the back-end integration work nearing completion, I look forward to sharing with you how our combined product and service offering can further enhance the services we provide you.
Upcoming enhancements to Mosaic
In the new year, we’ll release a range of enhancements to Mosaic. These include:
- a new look, feel and format for our Product Assessment Reports, making them more user-friendly and easier to navigate to find key fund data and commentary
- more detailed performance and portfolio data on super funds through our Group partner, Chant West, and
- portfolio contributions and attribution reporting, and holdings data.
These enhancements will be made available to subscribers in February 2023 and we’ll confirm the exact date in the new year, along with more detail on how these new features will work and be accessible.
Departure of John Nicoll
It’s with some sadness that I share the news that our valued and long-standing colleague, John Nicoll, is moving on from Zenith at the end of the year. John has been a valued member of the team for over 13 years and his hard work, dedication and commitment to our clients is reflected in the quality and success of the business over the last 10 years. Our heartfelt thanks and best wishes go to John for the future. We’ll certainly miss his friendship, positive outlook, energy and sense of humour around the office.
On the move
The time has come for Zenith to move offices to better accommodate our growing business and ways of working. 360 Collins St has been our home for the last decade but we’re not moving far, with our new office positioned next door at Level 22, South at Queen & Collins Tower, 376-390 Collins Street Melbourne. Our new office set-up will allow greater collaboration across our teams and I look forward to welcoming you to our new space from 13 December this year. Please note that our office will be closed from Friday 23 December, reopening on Tuesday 3 January 2023.
As 2022 draws to a close, I extend a sincere thank you from the broader Zenith team for your ongoing support, and open and honest engagement which ensures our offering continues to evolve to meet your needs and those of the rapidly changing industry of which we’re a part.
I wish you all a happy, safe and relaxing festive season and look forward to a productive and prosperous 2023.
Best wishes,
David Wright
CEO
