17 April 2024
Elston Quarterly Portfolio Update Q2 2024
In this video, Portfolio Manager David Seager provides his perspective on the key questions discussed in the recent quarterly asset allocation meeting. Read more
11th September 2015 - Asset Management, Private Wealth
As technology evolves, so do the different types of eCrime. Hackers are tireless in their efforts to steal account details so they can make unauthorised purchases and funds transfers.
You might think ‘it will never happen to me’ but the reality is that it could. As criminals around the world become more cunning, more everyday Australians are at risk.
Because Elston retains client details, everyone who works here is aware of their obligation to protect your privacy at all times. Strict measures are in place to ensure that every transaction we make on your behalf is indeed authorised by you, and not by anyone else.
Recently when a client of ours was considering making a property purchase using his Self Managed Super Fund (SMSF) we discussed the opportunity with them. But when an email from the client, arrived with a request to transfer an amount of money from his bank account to a third party account for the purchase of the property, alarm bells sounded. We saw that the email contained no banking instructions. Elston policy involves requiring any request for transfer of funds to an external account to be verified with the client in writing and verbally over the phone. When we contacted the client about the email, they were horrified, as they had not made the request. They were very grateful that Elston had followed up with them personally, rather than simply believing the email on face value, as they stood to lose a lot of money to an eCriminal.
Elston’s Compliance Consultant Jenny Mulders, confirms that there are many measures in place to protect our clients. One such measure is that every funds transfer request to a third party over email is verified over the phone or in person. All regular payments to any account can only be made with a signature. All invoices from third party providers need to be approved by the client in writing, as well as the appropriate Elston representative.
Follow these tips for your online security:
If you would like more information please call 1300 ELSTON or email info@elston.com.au and an adviser will be in touch.
17 April 2024
In this video, Portfolio Manager David Seager provides his perspective on the key questions discussed in the recent quarterly asset allocation meeting. Read more
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31 January 2024
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18 January 2024
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1 December 2023
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13 October 2023
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21 September 2023
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14 September 2023
Portfolio Manager Leon de Wet has provided a brief overview of the recent reporting season results and what that indicates for future earnings and the portfolio positioning. Read more
25 August 2023
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12 August 2023
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1 August 2023
In this video, Portfolio Manager Leon de Wet provides his perspective on the key questions discussed in the recent quarterly asset allocation meeting. Read more
31 July 2023
What makes Carsales such an attractive stock? Elston Portfolio Manager Bruce Williams examines the key drivers that are working for this digital marketplace both here and overseas. Read more
26 July 2023
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23 July 2023
In the latest Livewire's edition of Buy Hold Sell, Andrew McKie talked about which ASX-listed stocks he would want to own (or not own) in a Goldilocks scenario. Read more
20 July 2023
Elston Co-Founder Andrew McKie sat down with Han Lee from Livewire and Rob Crookston from WILSONS to discuss how they find “quality” companies on the ASX. Read more
15 July 2023
Andrew McKie was asked to analyse three stocks that are widely perceived to have those rock-solid qualities and assess whether they have become overcrowded, and name one quality company in the recent Livewire interview. Read more
12 July 2023
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7 July 2023
Inflation has proven to be more stubborn than expected. And so, the Reserve Bank has had no choice but to keep increasing interest rates. What could this mean for company earnings and how might that flow through to portfolios? Read more