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Mark Di Stefano

Geoff Wilson finds a loophole for broker fees

The investor knows that LICs can’t charge stamping fees. But there are other ways to incentivise the middlemen.

Mark Di StefanoColumnist
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Investor veteran Geoff Wilson’s latest idea is (surprise) another ASX-listed investment vehicle. This one aimed at filling the demise of bank hybrids, which were made up of private debt and some equities.

And with a name like WAM Income Maximiser, it’s also got great branding aimed at Wilson’s key demo: old biddies who show up to conference centres for the tea and Scotch Fingers.

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Mark Di Stefano is Rear Window columnist, based in the Sydney newsroom. He previously worked at BuzzFeed, the Financial Times and The Information before joining the Financial Review as a media and tech correspondent. Connect with Mark on Twitter. Email Mark at mark.distefano@afr.com
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    Original URL: https://www.afr.com/rear-window/geoff-wilson-finds-a-loophole-for-broker-fees-20250313-p5ljbi