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Showing 31 - 40 of 79 results for "Vertical integration"

Hayne stops short of dismantling vertical integration

HARRISON WORLEY  |  TUESDAY, 5 FEB 2019
... to improve the banking and financial services industry in Australia, Hayne avoided calling an end to the vertical integration model - which allows wealth managers to own and operate the entire wealth stack: funds management, financial advice, superannuation ...

Vertical integration changes to reshape personal wealth

DARREN SNYDER  |  WEDNESDAY, 30 JAN 2019
A forecast of trends influencing banking over the next 12 months cites vertically integrated business models continuing to give way to platform and marketplace-driven banking. Infosys Finacle recently released its annual banking trends forecast for ...

ASIC sharpens focus on managed accounts

KARREN VERGARA  |  TUESDAY, 18 DEC 2018
... questions that affect managed account professionals, particularly the management of conflicts of interest, vertical integration and the need for structural industry change, IMAP said. As at June 2018, the managed accounts sector held $62.43 billion of ...

Vertical integration not to blame

HARRISON WORLEY  |  MONDAY, 26 NOV 2018
... the only major Australian bank not to recently offload its wealth management arm - defends the practice of vertical integration. The structure is not responsible for the misconduct heard at the financial services Royal Commission, the bank says. "Westpac ...

Misconduct matters, but stability key for Frydenberg

HARRISON WORLEY  |  FRIDAY, 23 NOV 2018
... and ASIC faced the Commission over the actions of their organisations, with topics such as remuneration and vertical integration up for discussion. CBA chief Matt Comyn faced counsel assisting Rowena Orr over the bank's penchant for rewarding its ...

Advice industry in hot water

JAMIE WILLIAMSON  |  FRIDAY, 28 SEP 2018
... years requires consideration of the issues of culture, regulation and structure, he said. On the topic of vertical integration, Hayne said such a model promises the virtue of efficiency, passed on to consumers by way of lower costs and greater access ...

Make sure you have cash: Geoff Wilson

KANIKA SOOD  |  WEDNESDAY, 26 SEP 2018
... WAM laid out three examples of this: banks are already divesting their wealth business to move away from vertical integration; they are lending responsibly and as an example, approving loans at 20-30% less than what a customer asks to borrow; and macro ...

Managed accounts forum to address vertical integration, best practice

STAFF WRITER  |  FRIDAY, 24 AUG 2018
Leading managed account providers and financial planning groups will take centre stage at the annual Financial Standard Managed Accounts Forum to be held in Melbourne next month. More than 160 financial advisers and managed account specialists have ...

HUB24 lifts targets

KANIKA SOOD  |  MONDAY, 20 AUG 2018
... major banks exiting wealth, pressure being applied to grandfathered commission structures and traditional vertical integration models." HUB24's market share of the net industry FUA was between 1% to 0.90% as of March 2018. At the same time, it has about ...

Fiducian continues growth trajectory

JAMIE WILLIAMSON  |  FRIDAY, 17 AUG 2018
... should be business as usual as we provide the highest level of integrity to our clients," the group said. On vertical integration, Fiducian said: "Fiducian's vertically integrated business model has controls in place to manage inherent conflicts of interest ...