The PRWIRE Press Releases https:// 2021-01-13T03:51:14Z M-Files Secures €67 Million Growth Investment Led by Bregal Milestone 2021-01-13T03:51:14Z m-files-secures-67-million-growth-investment-led-by-bregal-milestone Sydney, AUS, Jan. 13th, 2021 – M-Files Corporation, the intelligent information management company, announced that it has received a strategic investment of €67 million. Bregal Milestone, a European growth capital firm, led the round with current investors Partech, Tesi and Draper Esprit also participating.  M-Files provides an intelligent, repository neutral platform that utilises metadata and artificial intelligence (AI) to break down information silos and unify systems, data and content across an organisation. M-Files seamlessly embeds within popular digital workplace platforms, including Microsoft 365, Salesforce and Google Workspace, enabling users to access and manage documents and information from the applications where they prefer to work.   From small and medium-sized businesses to large global enterprises, M-Files is a trusted partner to thousands of customers in over 100 countries, helping them increase efficiencies and drive productivity.  M-Files has more than 500 employees located across 11 global offices. The company’s software-as-a-service (SaaS) business model continues to propel its strong growth. M-Files has been featured in the Gartner Magic Quadrant for Content Services Platforms (formerly Enterprise Content Management) since 2012 and named a Visionary for the last five consecutive years.  Antti Nivala, CEO and Founder of M-Files: “Bregal Milestone’s extensive experience investing in the B2B enterprise software sector and their philosophy in partnering with fast-growing companies like M-Files made the firm an attractive investment partner. We’ve identified opportunities to accelerate our growth and further expand M-Files’ market penetration, especially in North America. The valuable investment from Bregal Milestone, bolstered by support from our existing shareholders Partech, Tesi and Draper Esprit, will enable M-Files to deliver further innovations in product development, AI and our cloud platform.”  Cyrus Shey, Managing Partner of Bregal Milestone: “We are thrilled to partner with the M-Files team to support Antti and his team on their very exciting growth journey. M-Files has a robust and cutting-edge solution that brings tangible value-add to its customers. We look forward to supporting management in accelerating growth and further consolidating M-Files’ leadership position, namely in the US and other key geographies. The transaction is the 9th investment made by Bregal Milestone’s inaugural growth capital fund in just over two years, and we couldn’t be more proud to partner with Antti and the world-class M-Files team.” For more information on M-Files Intelligent Information Management, please visit: http://bit.ly/m-files-intelligent-information-management-ausnz  About Bregal Milestone Bregal Milestone is a growth capital firm managing a €495 million pan-European fund dedicated to making investments in high-growth European companies. The firm provides growth capital and strategic assistance to support market-leading companies in the technology and technology-enabled services sectors. Bregal Milestone is part of Bregal Investments, who have invested over €15 billion to date. bregalmilestone.com  Summary M-Files secures €67 million in growth capital in an investment round led by Bregal Milestone and focuses on accelerating international growth as well as innovations in product development, AI and the cloud platform. Download image: https://motiveus.cloudvault.m-files.com/SharedLinks.aspx?accesskey=da2fca9c218782b22332984c2899cb965fd2df41509f5abcfba193c78b48afaf&VaultGUID=95372E97-0451-49F0-9CF1-D8CBB72300E3  Image capture Cyrus Shey (Bregal Milestone, left) couldn’t be prouder to partner with Antti Nivala (right) and M-Files Tags Bregal Milestone, Investment, Growth Capital, Intelligent Information Management, Content Services, ECM, Artificial Intelligence About  M-Files provides a next-generation intelligent information management platform that improves business performance by helping people find and use information more effectively. Unlike traditional enterprise content management (ECM) systems or content services platforms, M-Files unifies systems, data and content across the organisation without disturbing existing systems and processes or requiring data migration. Using artificial intelligence (AI) technologies in its unique Intelligent Metadata Layer, M-Files breaks down silos by delivering an in-context experience for accessing and leveraging information that resides in any system and repository, including network folders, SharePoint, file-sharing services, ECM systems, CRM, ERP and other business systems and repositories. Thousands of organisations in more than 100 countries use M-Files for managing their business information and processes, including NBC Universal, OMV, SAS Institute and ThyssenKrupp. For more information, visit www.m-files.com. M-Files is a registered trademark of M-Files Corporation. All other registered trademarks belong to their respective owners. CMC Markets backs Sydney Sixers for KFC BBL|10 Season 2021-01-04T21:20:00Z cmc-markets-backs-sydney-sixers-for-kfc-bbl-10-season 5 January 2020: Leading global financial services provider, CMC Markets, is proud to announce its support of the Sydney Sixers, signing on as a key sponsor for the 2020/21 season. As one of Australia’s top online trading providers - and the second largest retail stockbroker in the country - the partnership will see CMC Markets engage with hundreds of thousands of Sydney Sixers fans and Big Bash League followers over the summer. The sponsorship builds on CMC’s track-record of supporting some of the nation’s key sporting teams that are so integral to Australia’s culture, including the St Kilda FC. CMC Markets Head of Commercial – Asia Pacific, Cat Gallagher, said the Sixers’ focus on leadership, inclusion, and engagement makes them an excellent fit for CMC. “Synonymous with the Australian summer, Cricket is a tradition adored by fans across the country. As one of the most successful teams in the BBL, the Club’s strong focus on inclusivity and leadership resonated strongly with us as a partner” said Gallagher. With a new partner on board, the Sixers squad returned to the pitch with a flying start, aiming to match last season’s success as Champions of the League. Sydney Sixers General Manager Jodie Hawkins said the club was delighted to be able to begin a new partnership with CMC Markets, particularly in such a challenging time for the economy. The partnership will power the club’s exciting new data driven social media content. “The Sydney Sixers are one of the country’s premier sporting clubs who provide Sydney’s best value summer entertainment,” Hawkins said. “At the same time CMC Markets are Australia's best value online broker and between us we are both passionate about innovation and customer experience. “We are really excited to work with CMC Markets to bring some of the BBL’s most engaging data to the devices of our fans.” The Sydney Sixers’ KFC BBL|10 season continues on Sunday, 20 December against the Adelaide Strikers. -ENDS- About CMC Markets CMC Markets plc. (CMCX), was established in 1989 and through regulated offices and branches in 15 countries are now one of the world’s leading independent financial services providers. CMC Markets is now the second largest retail stockbroker in Australia*. Through our award-winning, online and mobile trading platforms, we enable clients to trade over 10,000 financial instruments, including contracts for difference (CFDs), foreign currencies (FX), Binaries and Countdowns, electronically traded funds (ETFs), shares, mFunds (unlisted managed funds), options, listed managed investments, warrants and interest rate securities. Please see our website for more information www.cmcmarkets.com.au *As reported by IRESS, in terms of total value of trades executed by both CMC Markets and ANZ Share Investing. About Sydney Sixers The Sydney Sixers are the rockstars of the Big Bash, Sydney's Premier T20 Cricket Club, and put on one of the best shows in town over the summer school holidays, with fireworks, music, and fun over three hours of entertainment. One of the most successful teams in the Big Bash history, the Sixers BBL team have won two titles in BBL|01 and BBL|09, and also made the Big Final in BBL|06, only to be pipped at the post. In the WBBL, the Sixers have played in three Big Finals, taking home the trophy twice. Media enquiries: For more information, please contact Liam Price / Annie Kelly / Alexis Carroll at DEC PR on +61 2 8014 5033 or cmcmarkets@decpr.com.au. Growing Need for Custom Reporting 2020-12-30T11:44:42Z growing-need-for-custom-reporting Evaluation is an important task for the smooth functioning of any business, and different kinds of reports are used for this purpose. When it comes to financial health evaluation, business stakeholders refer to financial reports. Traditionally when we talk about financial reporting, it just refers to Profit and loss statement, Balance sheet and Cash flows statement. Companies operating in Australia are required to prepare and lodge financial reports with ASIC. In contrast, few companies are exempted from doing so, but it is always suggested to prepare financial reports for internal control and management.   Financial reports are tools that help communicate the financial health of a business to its stakeholders in an easy and understandable format, thereby enabling in budgeting and forecasting. Financial reports are made by every business, mainly to analyse and evaluate the company’s financial performance in the previous financial years as well as how the company is doing on a regular interval. It provides a basis for comparison between how the organisation has performed in the past and how it is performing presently and may perform in future.   “Need for custom reporting is evident in today’s business ecosystem. Businesses have unique needs and require financial information which is unique to the nature of the business which will help in bringing efficiency in the system,” said Mr. Prateek Kapoor, Operations Partner, Whiz Consulting. He further added that “Financial decisions are dependent on a lot of factors which might not reflect in the traditional reports. Financial reports might be useful for an overview and might be overloaded with information which might not help answer a specific question. Custom reporting solves this issue and let business owners focus on the important information without the necessity to examine huge amounts of data which one might not need while making sure not to exclude important information.”   Customised reporting helps in getting a closer look and attention to details which might provide you with information which otherwise may be hidden in plain sight. The good part is that a lot of accounting software that allows you to generate customised reports as and when required or set recurring timeline for reporting. While the need for custom reporting increases, it is not necessary that your outsourced partner or your in-house accountant is aware of the ideal usage of the report or even how to make one. It is the responsibility of the business owner to make sure that the reporting suits the need of their business.    “We have added few additional custom reports like customer wise reports, product wise reports, department wise reports, expense break-up reports which apply to kinds of business. Additionally, we provide custom reports for different industries, different sectors, and businesses as per the specific requirements. Custom reporting has helped many of our clients in understanding the underlying issues of their business. We hope businesses all over the globe also take upon themselves to get aware of custom reports applicable to their business and hence improve their decision-making process.” As per Mr. Prateek.     It is important to understand that every business is different from another, and there are different types of industry. A business might be operating in the hospitality industry, but again there are many sectors inside it. One report will not fit a restaurant, hotel or that of business providing tour package. A personalised report with the right financial information is a must. In such a case, a monthly, quarterly or yearly report will not suffice. This leads to the point that a custom report is not bound by timeline and hence you can prepare or request for the custom report which you deem fit for your business. A custom report helps business owners to have a detailed analysis of the critical areas of their business. Having this analysis help not just to grow and understand your business better, but it allows you to get a competitive edge. Advisory firm Apt Wealth Partners merges with Unified Financial Services 2020-12-20T23:03:04Z advisory-firm-apt-wealth-partners-merges-with-unified-financial-services Apt Wealth Partners, a national financial advisory firm, is pleased to announce that it has merged with Unified Financial Services, a Melbourne-based financial advisory firm led by an award-winning financial adviser, Michelle Tate-Lovery. Combining under the Apt Wealth Partners brand, the merger will bring together both firms’ shared core values to help clients live their best lives.    “Unified Financial Services is a well-regarded advisory firm. Michelle and her team share our approach to financial life planning, helping clients to live for today while planning for tomorrow,” said James McGregor, Managing Director, Apt Wealth Partners.    With over 30 years of experience, Apt Wealth Partners has offices in Sydney, Melbourne and Geelong, and currently manages over $2 billion in client funds. The merger will see James McGregor continue as Apt Wealth Partners Managing Director, with all Unified Financial Services staff joining its Melbourne office.    “We believe our team is our greatest asset, and the Unified Financial Services group only further strengthens this. Together, our years of experience and dedication to providing tailored and holistic financial solutions to our clients means we always provide the highest level of advice and support,” continued McGregor.  Michelle, who was recently awarded the Financial Planning Association’s Distinguished Service Award for her contribution as an FPA Director, will be joining Apt Wealth Partners as a Senior Financial Adviser. In this role, Michelle will continue to lead her team, as well as contribute to adviser development, mentoring, and best practice at the advisory firm.   Commenting on the merger, Michelle Tate-Lovery, Managing Director, Unified Financial Services, said, “We are excited to join the Apt Wealth Partners family. The alignment of attitude and care was critical to our selection of Apt Wealth Partners. Most importantly, we share the common values of client first, people care and transparency. We believe our clients will benefit immensely from being part of Apt Wealth. Clients will continue to receive services from their current advisers, as well as access to a range of enhanced services and investment offerings, such as environmental and social investment and philanthropic structuring provided by Apt Wealth Partners.”   This merger demonstrates Apt Wealth Partners' commitment to growth and building a financial advice firm that it is future fit to focus on helping its clients navigate the financial journey, ensuring that they can still live for today while keeping an eye on tomorrow.   About Apt Wealth Partners (AFSL and ACL 436121) Apt Wealth Partners is a national financial advisory firm, with offices in Sydney, Melbourne and Geelong. With over 30 years of experience, Apt Wealth Partners manages over $2 billion in client funds and offers a range of services including Superannuation and Investment, Self Managed Super Funds, Expat Advice, Wealth Protection, Estate Planning, Aged Care and Home Loans.   Media Contact:  Corpwrite Strategy Luke Maddison Phone: 0409053177 Email: luke@cpwrite.com.au   EdventureCo acquires ENS International, a global leader in negotiation training 2020-12-17T00:20:14Z edventureco-acquires-ens-international-a-global-leader-in-negotiation-training EdventureCo, the wholly-owned education platform of AWN Holdings Limited (ASX:AWN), today announced the acquisition of ENS International, a global leader in virtual and face-to-face negotiation advice, support and training. Founded in 1978, ENS International has developed some of the most innovative negotiating and influencing methodologies in the market. The founders, Michael Hudson and Leo Hawkins, challenged the highly adversarial approach to negotiation that had long dominated corporate negotiation strategy and created organisation-wide negotiation capability platforms. For over 40 years, ENS International has partnered with organisations to develop an organisational change management platform to address and develop collaborative negotiation skills, and create a common influencing language that will accelerate growth. Through its network of negotiation process experts with real-world experience, ENS International provides negotiation skills and guidance to achieve desired outcomes while maintaining and building valuable relationships. In addition, its team of highly experienced facilitators train employees to become effective, outcome-focused negotiators who maximise results. ENS International offers both public and customised highly effective training programs with proven return on investment designed to improve participants’ communication and negotiation skills. Across over 70 countries, ENS International has established a reputation as a trusted negotiation partner for some of the most successful organisations worldwide. Its clients in both the public and private sector range from finance (PwC), resources (BHP) and medical (Johnson & Johnson) to retail (Adidas and Woolworths) and government (Australian Government). The World Economic Forum’s Future of Jobs Report 2020 highlights the disruptive nature of long-term technology trends and the impact they will have on the future of work. With automation expected to displace 85 million jobs in the next five years, skills such as persuasion, negotiation, emotional intelligence and social influence are among the top 15 skills employers see as rising in prominence in the lead up to 2025. The acquisition of ENS International will further EdventureCo’s goal of equipping students with relevant skills in a fast-changing world. It will be highly complementary to DDLS and the Australian Institute of ICT, EdventureCo’s two market leading IT training providers, that address the skills shortages in the digital sector. This increasing demand for digital skills is balanced by uniquely human traits such as emotional intelligence, creativity, persuasion and innovation, becoming more valuable. EdventureCo’s strategy is focused on addressing this demand. About EdventureCo EdventureCo is a vocational and professional education and training (VPET) platform established in Australia with an expanding presence in South East Asia. It comprises established and market leading businesses in blue collar and white collar VPET fields such as construction and IT, and has trained over 75,000 students in the past six years and more than 196,000 in the past 26 years, providing them with skills and qualifications to commence their careers, upskill or reskill. EdventureCo’s businesses are Everthought Education, DDLS, the Australian Institute of ICT and ENS International. Diversified income portfolios becoming more relevant as investors chase steady returns 2020-12-15T22:37:09Z diversified-income-portfolios-becoming-more-relevant-as-investors-chase-steady-returns Diversified income portfolios are not considered traditional income-oriented investments, but are coming into their own as a more mainstream option for investors wanting steady monthly income returns while interest rates remain stuck in the basement. Investors will need to navigate low interest rates for years, according to Matthew Lemke, fund manager (income funds) with boutique investment house Prime Value Asset Management. “The incidence of coronavirus in Australia has certainly dissipated in recent weeks but record low interest rates are casting a shadow over investor portfolios as investors can no longer achieve a decent interest rate on their savings. “When RBA governor Philip Lowe says interest rates could be locked at record lows for years, investors are almost forced to find other ways to produce income. “They need to consider alternatives but be mindful about how much risk they wish to take on board.” Diversified income portfolios are attracting more interest by investing in unlisted securities across diverse income producing instruments, Mr Lemke said. “It’s possible to achieve returns of four and five per cent by spreading risk across income securities such as traditional debt securities, mortgage securities, corporate bonds and other income-producing assets. “Risk is managed by targeting quality securities and prioritising fixed rates of return over floating rates of return. “Using this approach adds steady income to a portfolio without the volatility we see in listed securities.” Investors including retail investors, family offices, high net worth investors, charities and trusts were all showing interest in diversified income, according to Mr Lemke. “There is value in diversity, and as we work through COVID-19 diversifying into quality assets is the name of the game. “Investors are strongly motivated to consider unlisted allocations for income returns, as they saw what happened early in 2020 when even the safer listed markets were smashed.” The Prime Value Diversified High Income Fund, managed by Mr Lemke, launched in August 2019 and targets a 4% p.a. return net of fees above the RBA cash rate. The lower risk Prime Value Enhanced Income Fund (previously the Prime Value Cash Plus Fund) has delivered a 2.87% p.a. return net of fees since inception in 2014. Boutique manager Prime Value Asset Management was founded in 1998 and is part of an investment group including Shakespeare Property Group, managing approximately $2 billion across equities, income securities, direct property and alternative assets investments. Cover-More Travel Insurance launches new benefits for COVID-19 2020-12-14T23:49:13Z cover-more-travel-insurance-launches-new-benefits-for-covid-19 Sydney, Australia, (15 December 2020): Cover-More Travel Insurance, Australia’s leading travel insurance and assistance provider, today announced the launch of new travel insurance benefits for COVID-19 when Australians travel domestically, and to New Zealand. Cover-More’s new COVID-19 benefits will also offer previously-unavailable protection for overseas travel to other countries as official ‘travel bubbles’ are agreed and announced by the Australian Government. Cover-More CEO Asia-Pacific, Judith Crompton said: “While no one has been able to travel internationally, pandemic lockdowns in Australia have also ruined domestic travel plans. Australians have missed their loved ones and special events like weddings, births, anniversaries and birthdays due to COVID-19. So, we developed our new benefits with the sole purpose of providing our customers with the confidence to be able to plan and travel safely, knowing they are protecting the memories they are yet to make.” Cover-More’s new benefits for COVID-19 include cover: ·       if you or your travel companion are placed into quarantine and you cannot start your trip ·       if a relative or business partner in Australia or New Zealand contracts COVID-19 and their condition is life threatening so you need to cancel your trip ·       for essential workers who have their leave revoked due to COVID-19 and can no longer travel ·       if the person you were planning on staying with in Australia or New Zealand has to go into quarantine for COVID-19 and you need to find new accommodation ·       if your accommodation in Australia or New Zealand is cancelled for a deep-clean ·       for refunds if your holiday activities in Australia or New Zealand are cancelled due to COVID-19. Judith said: “Australian travellers will be able to plan their domestic holiday and our distribution partners will be able to plan their customers’ travel knowing they will have the protection of our COVID-19 ready benefits.” “Whether it’s a road-trip with family or friends, an interstate flight to meet your first grandchild, going to your niece’s wedding, or simply spending quality time with your loved ones, our new benefits will allow our customers to plan their travel and travel safely despite the COVID-19 pandemic.” Since March 2020, Cover-More has focused on the changing needs of travellers globally and is redesigning products so their customers can travel safely and with confidence throughout the COVID-19 pandemic and beyond. Cover-More’s new benefits are available via a Supplementary Product Disclosure Statement (SPDS), appended to the existing PDS. The new cover is available via Cover-More’s industry partners as well as direct via covermore.com.au and by calling 1300 72 88 22. ENDS For further information, please contact: Angela Cross, Pilot PR +61 412 929 397 or angela@pilotpr.com.au About Cover-More GroupCover-More Group is a global specialist and integrated travel insurance, medical assistance and employee assistance provider. Cover-More has operations in more than 15 countries across five continents with leading market positions in Australia, New Zealand, Ireland, the USA where the group owns Travelex Insurance Services, and in Latin America with ownership of Universal Assistance. Cover-More Group was acquired by Zurich Insurance Group in 2017. Head office is in Sydney, Australia. SUPER-REWARDS & UNO HOME LOANS COMBINE TO BOOST AUSTRALIAN WOMEN’S FINANCIAL SAVINGS FASTER 2020-12-13T23:54:57Z super-rewards-uno-home-loans-combine-to-boost-australian-womens-financial-savings-faster 14th December, 2020 - Sydney, Australia: Groceries – tick. Tech goods – tick. Beauty and healthcare – tick. Home loans – NEW tick.Super-Rewards, a free online portal that boosts your superannuation balance every time you shop, today announces that it has signed up online mortgage broker, uno Home Loans as a partner - its first in the home loan space since launching in October 2019. “The partnership between Super-Rewards represents an important milestone in our offering and an alignment of what matters to us most – supporting women’s financial freedom. uno is on the same page,” according to CEO and Founder Pascale Helyar-Moray.Women today make 80% of household spending choices and lead the bigger financial decisions, such as where to buy a home and which mortgage lender to go with. More women than men own their own homes too.Yet, far too many women still retire with very low superannuation balances – less than 50 percent of men the same age. Owing largely due to long periods out of paid work for motherhood or caring for older family members, or doing part-time or freelance work that is less regular. Even those in small businesses won’t always pay themselves super.“Household jobs such as shopping are not remunerated but are important work, nonetheless. Contrary to popular opinion, women are very good with money and budgets - we make a little, go a long way! But all this stuff takes time and effort, which is non monetised. So, if by lining up a home loan through uno, our members are possibly saving money,” adds Pascale.Anthony Justice, uno Home Loans CEO, said this partnership is a natural extension of uno’s promise to ensure its customers are always getting the best deals - not just on their home loan.“As Australia’s first Active Home Loan Manager, our purpose at uno is to help our customers start on a great rate and stay on a great rate the whole time they have a loan. We do the hard work to find savings so our customers can spend more time and money on things that are important to them. This partnership with Super-Rewards means members will be able to top up their super when they sign up for our award winning loanScore tool or settle a home loan with uno. It is a way to save later for their super and possibly save money on their home loan, today” he added.Super-Rewards is a shopping platform that helps you build wealth and boost your super - without having to contribute any of your own hard-earned money at all. Every time you shop online via the Super-Reward site with one of the 200 retailers that are Super Rewards retail partners, cash rewards are paid into your existing super fund.For more information about offers, visit: https://www.super-rewards.com/category/financial-services About Super-RewardsSuper-Rewards is Australia’s only shopping platform where you earn cashback into​ your Superannuation. This is our way of monetising some of the $2.2 trillion of unpaid work that occurs in Australia, the majority of which is done by women. The platform was launched in October 2019. Pascale Helyar-Moray (CEO) is a working mother with a professional background in finance and business.For more go to: Super-Rewards About unouno is Australia’s first Active Home Loan Manager helping Australians start on a great home loan and stay on a great home loan as long as they have one. uno combines the power of technology to help customers find, apply for and monitor home loans across uno’s 30 quality lenders with a team of home loan specialists who can negotiate with lenders and help them navigate the home loan process. uno’s mission is to have the world’s happiest home loan customers who never pay more than they have to on their home loans.For more go to: uno Home Loans Topsy-turvy market providing small caps investing opportunities - and risks 2020-12-06T23:33:36Z topsy-turvy-market-providing-small-caps-investing-opportunities-and-risks An unusually ‘topsy-turvy’ period for small caps stocks is providing alpha opportunities if investors can look through the hype and the volatility, according to a leading small caps fund manager. Richard Ivers, portfolio manager of the table-topping Prime Value Emerging Opportunities Fund, part of boutique investment house Prime Value Asset Management, says small caps can add alpha during the COVID-19 recession recovery. “The market’s in flux, which provides significant opportunity to outperform and small caps provide a large variety of opportunities with over 2,000 listed companies. “Many small caps stocks seem ‘topsy-turvy’. Stocks which did well during the lockdowns are now suffering, and stocks which were smashed are rallying. “The key to generating strong returns will be looking out 12 – 18 months to determine where a company will be positioned on the other side of the coming recovery. “There’s huge potential to add alpha to returns by picking the eyes out of these market fluctuations, while being careful about chasing speculative hot stocks or short-term trends. “We can participate in the post-COVID-19 rebound without taking unnecessary risk.” Mr Ivers said Prime Value is not taking big bets either side of the COVID-19 recovery. “We always focus on the solid performers, which show more resilience through the cycle and have proven resilient through the COVID-19 recession.” He said while the Australian share index looked quite stable on the surface, there is huge volatility ‘below the surface’. “These markets are ideal for experienced stock pickers where extreme share price movements create fantastic buying and selling opportunities. Having a deep understanding of a large range of companies allows us to take advantage of this market. “We don’t try to pick the direction of markets but things are very well positioned for equities with a global economic rebound expected through 2021, combined with ultra-low interest rates. This combination is rare and we are seeing some truly fantastic buying opportunities. “Our investment style has delivered very high investment returns while avoiding the more speculative areas.”   The Prime Value Emerging Opportunities Fund topped the Mercer Australian Small Companies (ex-ASX100) survey, for the year to 30 June 2020 (source: MercerInsight®). The Fund is currently ranked number two of approximately 300 funds by Morningstar for performance over one year and five year time periods, delivering 20.1% for the year to 30 November 2020 (after fees). The Prime Value Emerging Opportunities Fund is currently open to retail investors. Boutique manager Prime Value Asset Management was founded in 1998 and is part of an investment group including Shakespeare Property Group, managing approximately $2 billion across equities, income securities, direct property and alternative assets investments. Banking Re-imagined has Arrived in Lismore & Mullumbimby 2020-11-30T04:15:27Z banking-re-imagined-has-arrived-in-lismore-amp-mullumbimby Australia’s Mutual Lender of the Year, Southern Cross Credit Union (SCCU) has re-opened the doors to their redesigned Lismore and Mullumbimby Financial Service Centre (FSC) and it’s catching local attention.   At a time when many have had to pull back on spending, SCCU is doing the opposite. Reinvesting into the areas they call home and celebrating with summer specials and week-long events to encourage locals to come in and experience the new space, designed for them.   The redesign continues to reflect the Credit Unions commitment to being customer-focused and doing things differently. CEO Stuart Edwards said “We’re incredibly proud to have created spaces where people feel comfortable, that reflects the local community and where conversations flow more easily.   This year has been a learning curve for all and while our digital channels continue to grow and deliver an improved online experience, we still see the importance of those face-to-face interactions. Particularly as many have been kept apart for longer than ever before,” added Stuart.   Feedback following renovations has been overwhelmingly positive and with Open Week promotions happening in Lismore from 30th November– 4th December 2020 and Mullumbimby 7th December – 11th December 2020. With lending specialists on-site all week, the doors are well and truly open to everyone. There is even a chance to win a $1,000 SCCU Account running until 22nd January for new and current customers to keep celebrations going summer-long.   “Our FSC’s are a part of the community and we wanted to celebrate with those who have continued to support us, but also invite those who are looking for something better, one that works for them. Whether it be online or in-branch, the kind of personalised service consumers are demanding is something we work hard to deliver, and improve on at every moment,” Mr Edwards said. Call 1300 360 744 or visit www.sccu.com.au for more information. Advice businesses need to make team mentoring a post CV19 priority in 2021 2020-11-27T02:59:46Z advice-businesses-need-to-make-team-mentoring-a-post-cv19-priority-in-2021 As the end of a tumultuous year fast approaches, one that has tested many an advice business to breaking point as a result of Covid-19, practice owners need to to make mentoring of their planners, paraplanners and support staff a major commitment for 2021.   I’m sure many practice principals will be offended by the headline and opening paragraph of this article as they have coaching and mentoring programs already in place.  Unfortunately, the reality is a great number of these are nothing more than lip service or regular tick and flick exercises.   When undertaken correctly, mentoring is one of the most beneficial activities a business principal can implement that has a significant and positive impact on both the well-being of the individual mentees, mentor and the practice itself.    When it comes to mentorship programs, there is no one-size-fits-all solution.  However, to be effective they must include a number of basic principles and core activities – and these are paramount.    Firstly, the mentor must take a sincere and genuine interest in each and every member of the team and care deeply about them as individuals – and therein is the reason why so many fail or are unsuccessful.   Without honest-to-goodness care – and truly caring about an individual’s wellbeing happiness, personal and career aspirations – it will be a waste of time and do more harm than good.   Mentoring involves deepening the personal relationship with each team member and fully grasping their goals and aspirations.   This relationship is built on mutual trust, respect and communication that involves both parties meeting regularly to discuss progress, issues, exchange ideas and setting goals.   I make it a point to meet one-on-one with each member of the Australian Wealth Solutions (AWS) team at a frequency, place and time that suits them and makes them most comfortable and at ease.   Once there is rapport, the next step is acknowledging their strengths and suggest steps for growth that are in keeping with personal interests and professional / career goals.   The process is never rushed, but giving a gentle push when the time is right encourages taking that next step in their career.  Offering support along the way is also important and when the individual is ready, I challenge them to take on activities or roles that take them beyond their comfort zone.   One of things that really heartens me is when members of the AWS team take an active role in guiding and counselling others and in doing so, take the opportunity to develop their leadership skills, and show their readiness to take on greater responsibilities.   Another reason for the downfall of mentoring programs is when open communication is thwarted rather than celebrated.  This leads to reluctance by individuals to share their next great idea or concept!   It is important to remember that although we may be excellent businessowners and advice practitioners, we don’t always have the answers and should welcome and encourage new ideas from within the team.   Hence having an open mind as a mentor encourages mentees to contribute and have a say knowing that their suggestions are appreciated and will be considered seriously.    Finally, mentees aren’t the only ones who benefit from mentoring relationships.  One of the most profound rewards of being a mentor is the satisfaction of helping others.   Reflecting on the past year, without doubt mentoring during the pandemic was instrumental in alleviating the feelings of isolation and detachment by the AWS team as the result of being required to work away from the office.   Right now, but also post Covid-19, having access to a mentor can provide a much-needed boost for the wellbeing of your team – many of whom have experienced distress and tension due to work remotely and the new work environment.   Also, the more personal the connection, the more likely they are to share details of their actual concerns and state of mind.  It can make a truly profound difference in these challenging times and beyond.   In closing, the team of planners, paraplanners and administrative staff are collectively central to everything we do: and if you ask any client or alliance partner what they like most about AWS, I know for a fact that dealing with the team is one of their highlights.    An achievement that could not have been accomplished without mentoring!   Issued by Australian Wealth Solutions     www.wealth-solutions.com.au             Media enquiries:     Mr. Joe Perri, Joe Perri & Associates Pty Ltd Mob: +61 412 112 545       Email: jperri@joeperri.com.au Outsourcing Taking Over Work From Home Culture For Many Organizations 2020-11-26T10:31:00Z outsourcing-taking-over-work-from-home-culture-for-many-organizations Many states in Australia has recently opened up after a lockdown marathon, but we are yet not ready to be out in the open without the fear of the virus. Consideration the safety of the employees, numerous organisations, are continuing to allow employees to work from home as the uncertainty of COVID still hovering over our heads. It is quite intriguing that most organisations have felt a surge in productivity in overall work. The main reason for this is the elimination of commute time of employees. Also, there is a reduction in distraction by co-workers and those long coffee breaks. Businesses are saving not just in energy bills but also in stationaries, office snacks and in few cases office space cost as well. While work for home is benefitting a lot of employees and employers, there are businesses and personnel who are still struggling to cope up with the new normal. While for few industries work from home is not even an option, and for those who can adapt to this structure, few are still unable to take full advantage of all the benefit it provides. Work from home is stressful for employees as it increases stress level in regards to work-life balance. But the most substantial issue is that of trust level between employer and employees, which can then lead to further problems. This is where outsourcing is playing a significant role in helping businesses not just survive but also in achieving business goals. Many organisations are quick on their feet and realise they can operate with fewer workers or perhaps cheaper workers located overseas while not facing any obstruction due to local lockdown. While work from home structure has been implemented worldwide recently due to COVID, outsourcing has been an integral part of the economy for several decades now. There is a transparent and efficient system in place when it comes to outsourcing which work from home lacks. Outsourcing allows a business to put all their efforts on the core business activity and outsourcing other vital activity which are complex and time-consuming in nature. Here is what Mr. Prateek Kapoor of Whiz Consulting states “We have been providing outsourced accounting & bookkeeping services from over a decade now and have served businesses belonging to diverse range industries in all over Australia. During the past few months, many of our existing clients who were availing services like Accounts Reconciliation, Accounts Payables or any other small consulting services have been shifted to full-fledged end to end accounting services as they have to cut down on overhead expenses.” Whiz Consulting is an outsourced bookkeeping and accounting company in Australia which also provides taxation, advisory, payroll services. They provide their services to all types of business, be it start-ups, SMEs, or larger organisation. The COVID pandemic has made us realize the potential of IT & automation; now, every other business is dependent on it for the smooth functioning of business activities. One such business activity is accounting, and during the lockdown, it became a necessity for businesses to move their book of accounts to accounting software from their physical books. Whiz Consulting with its team of professional bookkeepers, CPAs and accountants who are proficient in accounting software like MYOB, Xero, QuickBooks and other popular software, aids businesses in reducing time and money invested in the finance function and help businesses with strategic financial planning.  Mr. Prateek said “Past several months, after the lockdown, has been a busy period for us as we are constantly working to serve our existing clients in the best way possible and guide them with all the required financial strategies and additionally, we are also catering to new clients the numbers of which have increased quite drastically. We believe that outsourcing can replace work from home, and we are already witnessing the same.” National Strategy Addressing Glaring Opportunities to Increase Cash Flow, Wealth and the Lifestyles of Australia’s 1 Million Home Business Operators 2020-11-26T09:10:21Z national-strategy-addressing-glaring-opportunities-to-increase-cash-flow-wealth-and-the-lifestyles-of-australia-s-1-million-home-business-operators Perth, Western Australia, 23 November 2020: Perth based Finance and Lifestyle expert, Frank Genovesi, has expressed concerns Australian Home-based business owners are at high risk of under-capitalising on the true gains for their own entrepreneurial efforts as a result of, while most-likely very good, ‘industry standard’ accounting and taxation advice provided to the market. A threat that prompted Frank to officially raise concerns with the Australian Tax Office, the Tax Practitioners Board, and the Department of the Prime Minister and Cabinet, via The Hon Ben Morton MP’s Office, advising of his turn-key home business prosperity strategy ‘Deduct Your Home’. Visit: https://www.deductyourhome.com.au “My ‘Curse of Conformity’ Report introduces you to my unique, PROVEN platform (Deduct Your Home), that enables Australian home business operators to discover the “Holy Grail” for running their business’ from their homes. It is the only platform in existence that combines such powerful, immediate and lasting; business, taxation, wealth and lifestyle benefits specifically for Australian home business.” - Frank Genovesi, Creator of Deduct Your Home And by Dr Brett Davis, Tax Lawyer, on The Report: “It is an honour to sing your praises. You are very important to the community and this is an important publication. I love that your ‘Curse of Conformity Report' is an important and highly intelligent report on what mum and dad's need to know about how to run a business. Every accountant and the ATO must also read this. You write in an exciting and readable style which is appreciated in a taxation publication!” Dr Brett Davies, Tax Lawyer BJuris, LLB, LLM, Dip.Ed. B.Arts (Hons), CTA, AIAMA, MBA (Murdoch), SJD (UWA) Adj Professor, UWA Law School Adj Professor, Curtin Business School Dep Warden of Convocation, The University of Western Australia National Tax Partner at Legal Consolidated Barristers and Solicitors Australia-wide law firm. Frank Genovesi: Helping Home Business Owners Turn Their Business’ into Remarkable Lifestyles Frank Genovesi is a versatile and experienced businessman and entrepreneur with a solid background in business, taxation, property, financial planning, life insurance, superannuation and self-managed super funds advisory. Frank currently holds a number of titles, including CEO of Intellisolve, Fellow of the National Tax and Accountants' Association, Real Estate and Business Sales Professional (WA), ASIC Registered Agent, Registered Tax Agent, Public Accountant, Lifestyle Strategist, Tax Planning Expert and Business Adviser. Frank’s passion is to help business operators become more strategic ... and to FINALLY achieve the ‘Holy Grail’ of business ownership i.e. where your gain far exceeds your effort. More Information and Media Contact: For more information and Media Enquires please contact Frank Genovesi at 0410 283 211 Stamp duty discounts, infrastructure spending and Build-to-Rent land tax policy announced 2020-11-25T05:10:17Z stamp-duty-discounts-infrastructure-spending-and-build-to-rent-land-tax-policy-announced With build-to-rent land tax changes and stamp duty waivers for buyers of homes worth up to $1 million, and infrastructure spending, making up large parts of the Victorian budget, the Victorian State budget is most likely the most significant in its history. The budget yesterday revealed the true impact on the State of the pandemic. With forecasting indicating a record deficit of $23.3 billion it showed, like the other States. that Victoria has a long way to go to get back to its pre-pandemic levels. Victorian Treasurer Tim Pallas delivered the delayed budget as Victoria recorded no new cases of Covid on Tuesday, and zero active cases across the state. One day short of the 28 days zero transmission rates required for Queensland to allow Victorians to visit the state. With Victoria's budget aiming to spend considerable amounts, approximately $49 billion, over the next four years, it is hoped that the anticipated goal of creating 400,000 jobs by 2025 is achievable. It is further believed the Victorian economy has lost 290,000 jobs from the state economy during the Pandemic The significant economic recovery plan is essentially targeted towards infrastructure with the Government announcing $19.6 billion to be spent annually until 2024. Elements of the budget will include the $2.2 billion Suburban Rail Loop, and a $2billion advance towards the long-awaited Geelong Fast Rail. This contribution is allocated in conjunction with the federal government contribution. One of the more pertinent elements of the budget, and of special significance to the property sector, will be tax relief on stamp duty on residential property transactions of up to $1 million. Luke Hamilton Davis, Principal of the boutique Advisory firm, Hamilton Davis Advisory said, "Action by State Governments to address Stamp Duty reform is long overdue in nearly all States. The announcement of reforms in the Victorian budget follows on from the ongoing consultation currently being worked through as part of NSW State budget." "The next State to require serious reform, which unfortunately is usually the slowest and least prepared for reform appears to be Queensland." Davis said. "I genuinely believe that Stamp Duty reform, as part of a range of other tax reforms, could be a small silver lining to what a dreadful situation the Pandemic has been for so many people. I know the community have expectations of Government to constantly seek reform however while ever Governments are so overwhelmed with such significant levels of debt, as Queensland is, it is hard to imagine they can just back away from easy revenue." A waiver of 50 per cent for new residential properties, and 25 per cent for existing residential properties, will be available in Victoria for purchases of up to $1 million on contracts entered into up to 30 June 2021. These change would deliver a saving of $27.5k saving for purchasers of a new property valued at $1million, while the saving is less significant but still relevant at $13.7k saving on an established dwelling. The overall $5.3 billion building initiative, build to rent and land tax changes were included as cornerstone elements in the budget. It is the expectation that these initiatives will make more projects in the sector viable. The 50 per cent land tax discount for eligible new developments until 2040 announced by the Government will make these developments also exempt from the Absentee Owner Surcharge over the same period. It is the intention of the Government to increase supply of housing and options for renters by supporting the build-to-rent sector. Victoria has extended the $20,000 First Home Owner Grant to individuals buying or building a new home in regional Victoria, until the end of June 2021. A new stamp duty concession of 50% on the purchase of commercial and industrial properties is intended to attract businesses to regional Victoria, it will be brought forward to January 2021.   Davis said " Again a stamp duty concession of 50% on the purchase of commercial and industrial properties demonstrates that the States are going to need to be competitive in their approach to attract investment and jobs, the Pandemic has thrown every State a challenge however in some respects it has thrown them opportunities, it will be interesting to see which States have the tenacity to execute on the opportunities." ENDS New Australian Consumer Comparison Website 2020-11-25T02:41:57Z new-australian-consumer-comparison-website New Australian Consumer Website to Help You Make Important Choices Making important life decisions such as purchasing your first home or getting health insurance can be quite unnerving. With the myriad of information available on the internet, the amount of companies and sub-companies, advice or no-advice, direct or retail, it’s hard to know where to start. Fortunately, a new Australian consumer comparison website is shaking up the market to assist Australians. “MakesCents.com.au” maintains a comprehensive panel of different brands to help the consumer review his or her options right then and there, online. Better still, MakesCents is completely independent and not owned by the suppliers it recommends to Aussies. MakesCents.com.au and the Services They Offer Makes Cents can help you decide on tough decisions in the following areas: ·      Compare Life Insurance You need to be prepared for life’s uncertainties. A life insurance guarantees that your beneficiaries will be compensated if anything happens to you. Makes Cents enables you to compare 14 insurers at the same time through their platform. They only collaborate with the best and reliable insurance providers. You’ll be able to sleep at night knowing you’re in good hands. ·      Compare Electricity and Gas Do you feel that you’re shelling out too much money on utilities? Are you tired of getting poor customer service? Perhaps it’s already time to look for other options. Gas and electricity suppliers will always want to do business with you, but they don’t always offer the best deal. Since Makes Cents is 100% independent, you’ll be able to review all deals and make an educated decision.  ·      Compare the best prices for Solar Going solar is a great investment for yourself and for the environment. You will be able to save tons of money in the long run, whilst helping the environment heal by reducing your carbon footprint. Makes Cents has partnered with 20+ licensed suppliers to make sure that you get the best set-up that is suitable for your needs. ·      Compare the best Home Loans Are you planning to buy a new home or perhaps refinance your existing loan? Makes Cents will be able to find a great deal for you, depending on the state of your finances for free. You will also be able to know how much you will save if you switch to a new lender. ·      Compare the best prices for Health Insurance Your savings can be depleted immediately if you fail to prepare for health emergencies. With private health insurance, you can seek treatment from a doctor of your choice. You will be assisted in paying the expenses incurred in and out of the hospital as well. With Makes Cents, you can choose an insurance provider that can cater to your specific needs. Understand what makes sense in life with MakesCents.com.au Are you looking forward to trying the services they have to offer? Over 100,000 Aussies consumers have already tried and tested this new consumer website with superb money-saving results.  Visit MakesCents.com.au today, and start making great decisions that benefit you and save you money.