Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 91 - 100 of 2514 results for "Purchase"

Vanguard fined for defective account statements

KARREN VERGARA  |  MONDAY, 5 JUN 2023
... actions, Vanguard inaccurately reported differences in the value of shares before and after the corporate action as a purchase or withdrawal instead of market appreciation or depreciation, which also calculated false investment returns. FINRA said it ...

No longer an accumulation game: ART

CHLOE WALKER  |  THURSDAY, 1 JUN 2023
Addressing the crowd at the International Congress of Actuaries 2023, Australian Retirement Trust (ART) strategist, asset and liability management Kathryn Spragg said the super system needs alternative measures to start looking at retirement products. ...

Fractional farmland investing platform launches

CHLOE WALKER  |  TUESDAY, 30 MAY 2023
... Marketplace. Within the Marketplace, buyers can invest in the Australian agriculture industry without the capital needed to purchase an entire property. It gives investors the ability to buy or sell Bricklets, providing liquidity and a pathway to accumulate ...

Challenger real estate arm price tag drops

KARREN VERGARA  |  MONDAY, 29 MAY 2023
... Group has dropped to $37.7 million after an institutional client announced it will not be part of the transaction. The purchase price of Australian real estate business (CRE) was originally agreed at $41.8 million and involved Challenger's Fidante ...

Lumiant, Invest Blue build digital advice platform

CASSANDRA BALDINI  |  MONDAY, 15 MAY 2023
... advisers to deliver a tailored experience." Lumiant has been bolstering it's digital capabilities following its recent purchase of an app that helps financial advisers monitor clients' health, longevity and aged care risks that could impact retirement. ...

Dexus buys more of Royal Adelaide Hospital

CHLOE WALKER  |  FRIDAY, 5 MAY 2023
... completion of the acquisition of AMP Capital's domestic real estate and infrastructure equity business in March. The purchase takes Dexus' total stake in Celsus Holding, the consortium that manages and maintains the Royal Adelaide Hospital, to 72.29%. ...

Kilter Rural launches $500m agriculture fund

CHLOE WALKER  |  THURSDAY, 4 MAY 2023
... access to institutional quality farmland aggregation in the New South Wales Riverina. The initiative will see an initial purchase of 7000 hectares grow to an aggregation of 21,000 hectares, managed to meet COP15 Global Biodiversity Framework targets. ...

Ord Minnett cops $888k fine over buyback

JAMIE WILLIAMSON  |  WEDNESDAY, 3 MAY 2023
ASIC's Market Disciplinary Panel handed Ord Minnett an $888,000 infringement notice over two contraventions of market integrity rules which occurred when conducting a buyback. According to ASIC, on 1 September 2021 the firm was instructed to commence ...

MA Financial acquires US credit manager

CHLOE WALKER  |  TUESDAY, 2 MAY 2023
... receivables financing. The Blue Elephant team has been co-investing with MA Financial since early 2021. MA Financial said the purchase is expected to be earnings neutral in this financial year. It added that the deal complements its existing Global Credit ...

Former adviser jailed for nine years

KARREN VERGARA  |  MONDAY, 24 APR 2023
Former financial adviser Gavin Fineff has been sentenced to nine years in prison after a court determined he defrauded 12 clients $3.36 million. Fineff, who was working as a representative for Sentinel Wealth when the crimes took place, defrauded clients ...