“Under client instructions, automatic cash management enables advisers to manage their client minimum cash balance, ensuring sufficient cash is available for payments, and their maximum cash balance, so that excess cash is invested on a regular basis,” Macquarie Adviser Services head of insurance and platforms Justin Delaney said.
ASIC unveils package of ASX reforms
ASIC has announced a “transformational package” of reforms for the ASX following an inquiry into the market operator.The inquiry was...
