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Showing 61 - 70 of 334 results for %22Financial Service Brokers%22

Banks sluggish on Indigenous financial inclusion

KARREN VERGARA  |  WEDNESDAY, 29 MAY 2019
Indigenous Australians are being let down by financial institutions' failure to provide access to basic banking services and recognise different cultural attitudes towards money, a new report from the First Nations Foundation reveals. Of the 620 ...

ASIC catches illegal dual licensees

ELIZABETH MCARTHUR  |  MONDAY, 13 MAY 2019
Fifty-eight Australian financial services (AFS) licensees have had their authorisation revoked after ASIC found they were also authorised representatives of other AFS licensees. ASIC has revoked authorisation of these dual licence holders after an investigation ...

Bravura raises $165m for GBST bid

KANIKA SOOD  |  FRIDAY, 3 MAY 2019
Bravura Solutions has raised $165 million as it circles financial administration services competitor GBST. Macquarie has underwritten the placement at $5.75 per share for 28.7 million shares to raise the $165 million. This represents a discount of 7.9% ...

IRESS partners with bank

ELIZABETH MCARTHUR  |  THURSDAY, 2 MAY 2019
Financial technology provider IRESS has partnered with one of Australia's newest banks for a streamlined mortgage offering. A new partnership between IRESS and Volt will see IRESS' mortgage software, MSO, rolled out to Volt's mortgage customers. One ...

Bravura circles competitor

KANIKA SOOD  |  FRIDAY, 12 APR 2019
... 0.4 Bravura shares for each GBST share that they own. Clayton Utz is the legal advisor and Highbury Partnership the financial adviser to Bravura. GBST's shares jumped 22.5% on the news from its previous close as at 11:54pm.

BGL announces new integrations

ELIZABETH MCARTHUR  |  MONDAY, 25 MAR 2019
... fund industry. Clients of Smarter SMSF generally include professionals working with trustees including accountants and financial advisers. BGL's managing director, Ron Lesh, said: "Smarter SMSF has been part of our ecosystem for a long time. The new ...

NAB agrees to RC wealth recommendations

HARRISON WORLEY  |  FRIDAY, 15 MAR 2019
... wealth management industry. Releasing its full response to Commissioner Hayne's 76 suggested changes to Australia's financial services industry, NAB said it disagrees with four banking recommendations. NAB agreed with all 34 of Hayne's recommendations ...

Advisers to return US$125m in fees

KANIKA SOOD  |  TUESDAY, 12 MAR 2019
Financial advisers in the US are set to return about US$125m million to retail customers after a regulatory clampdown on inadequate fee disclosures last year. The Securities and Exchange Commission charged 79 people, including well-known names such ...

Royal Commission to disrupt product distribution: Roy Morgan

JAMIE WILLIAMSON  |  WEDNESDAY, 13 FEB 2019
Financial product distribution is likely to be disrupted as the Federal Government looks to implement the recommendations of the Royal Commission's final report. Latest insights from Roy Morgan show intermediaries account for the distribution of about ...

HSBC appoints wealth leader

HARRISON WORLEY  |  THURSDAY, 20 DEC 2018
... signal an intention for the firm to relaunch traditional wealth management products and services. In July this year Financial Standard revealed HSBC had shuttered its financial advice arm, bringing an end to much of the firm's wealth management offering. ...