Financial Standard

Evalesco acquires boutique firm

ANNABELLE DICKSON  |    12:12PM   Evalesco Financial Services recently finalised the acquisition of former Association of Financial Advisers national president Marc Bineham's advice firm.

FS Power50: Final days to nominate

STAFF WRITER  |    10:56AM   There is only two days left to get your nominations in for the 2021 FS Power50, celebrating the most influential financial advisers in Australia today.

Investors lose in viral stock picks

ELIZABETH MCARTHUR  |    12:32PM   According to new analysis, stock picks which became popular on Facebook, Reddit and Twitter were almost guaranteed to see investors lose money.

Bennelong launches emerging markets strategy

KARREN VERGARA  |    12:25PM   A Bennelong Funds Management affiliate is launching its emerging markets fund to Australian investors.

Data to improve TPD outcomes: ASIC

ANNABELLE DICKSON   The corporate regulator is urging TPDinsurance providers to act on gaps in their processes by improving data capabilities after previously flagging concerns including declining claim rates, withdrawn claims and poor claims-processing times.

Aon, Willis Towers Watson terminate merger

ELIZABETH MCARTHUR   The US$30 billion merger between Aon and Willis Towers Watson is off, with Aon paying WTW a US$1 billion termination fee.

Vale Murray Wyatt

JAMIE WILLIAMSON   The long serving chair of wealth management firm Morrows is being remembered for his larger-than-life personality and generous spirit following his sudden passing last week.

Raiz rolls out SMSF functionality

ELIZABETH MCARTHUR   Self-managed superannuation fund trustees are the latest target market for financial services platform Raiz.

Economic recap: Week to July 30

BENJAMIN ONG   Weekly review of significant economic data, government and central bank action and pronouncements, and other market moving events.

Economic recap: Week to July 23

BENJAMIN ONG   Weekly review of significant economic data, government and central bank action and pronouncements, and other market moving events.

Westpac tops fee-for-no-service misconduct

KARREN VERGARA  |    12:32PM   Westpac tops the charts for fee-for-no-service misconduct at $578.4 million, according to the corporate regulator.

Former Millennium3 representatives cop ban

KARREN VERGARA   Two directors of North Coast Financial Services, a former authorised representative of Millennium3, have copped a ban from the corporate regulator.

Former QIC managing director joins Northleaf

JAMIE WILLIAMSON  |    12:40PM   The former managing director of business development at QIC is taking on a new role with private markets investment firm Northleaf Capital Partners.

ANZ adds former CFSGAM exec to board

KANIKA SOOD  |    12:35PM   The bank has added a former Colonial First State Global Asset Management co-head of unlisted infrastructure investments to its board.

Rest closes basic cash option

KANIKA SOOD   The industry fund will close its basic cash option on August 13, as it sees returns dry up.

UK pension funds commit to manager diversity

JAMIE WILLIAMSON   Some of the UK's biggest pension funds have committed to tackling the lack of diversity in funds management.

Six Park lowers minimum investment to $2k

ELIZABETH MCARTHUR   Robo adviser Six Park has lowered its minimum investment to just $2000, down from the $10,000 minimum it had at the start of 2020.

Managed accounts fulfil best interest

ANNABELLE DICKSON   The increased uptake of managed accounts is seeing advisers fulfil their client best interest duty with ease, according to new research.

Fairfax family office awards mandate

ELIZABETH MCARTHUR   Marinya Capital, the John Fairfax family office, has selected an investment data provider.

Significant drop in charitable giving

ELIZABETH MCARTHUR   According to the inaugural JBWere NAB Charitable Giving Index, Australians are giving less - possibly due to the pandemic.