WEEKLY WRAP: New mobile app for setting up SMSFs

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Independent wealth product distributor Wealthtrac launched a mobile application that is designed to deliver news and information to anyone interested in self managed super. The App will provide the latest SMSF news, access to SMSF education documents and will allow trustees to find their nearest adviser.  Users will also be able to set up an SMSF.

Local Government Super has announced the appointment of James (Jim) Montague PSM to its Board. Montague will replace John Beacroft who is stepping down from the board after five years as a director and a former Chair.

William Buck has made a number of key appointments across its national network as it prepares to grow its diversified range of services. The network recently appointed Adam Field as a business advisory director in its Sydney firm. Field’s appointment follows that of Terry Lewis and his team of five, who recently joined William Buck’s Adelaide firm.

Commercial print company PMP Limited is the latest ASX-listed mid-cap corporate to access the corporate bond market through a wholesale note issue arranged by bond broker FIIG Securities. The 4-year senior unsecured bond issue is set to raise a minimum of $40 million with an indicative coupon of 8.75 per cent per annum.

Specialist Australian natural resources investment management firm 90 West Asset Management has exceeded $250 million FUM for the first time. 90 West has two funds open to investors; the Global Natural Resources Fund (a long only fund) and the Global Basic Material Fund (a long-short fund).

The top five stocks identified by online stock research application company, Skaffold, have achieved a return of 28.3% over the past nine months.  These were; Cedar Wood Properties (CWP), Clough (CLO), Decmil Group (DCG), Flight Centre (FLT) and Mastermyne (MYE).