ASIC lowers wholesale investor threshold to $2.5 millionBY LAURA MILLAN | MONDAY, 11 AUG 2014 12:35PMSelf-managed super fund (SMSF) trustees with net assets of at least $2.5 million could be classified as wholesale investors by their financial advisers, the Australian Securities and Investments Commission (ASIC) has determined. Related News |
Editor's Choice
Janus Henderson acquires NBK Wealth, Tabula Investment Management
|Janus Henderson has acquired the wealth management arm of the National Bank of Kuwait, NBK Wealth, as well as European ETF provider, Tabula Investment Management.
ART names advice and education leads
|Australian Retirement Trust (ART) has revamped its advice, guidance and education team and created two new leadership roles.
Men, women in same occupation drive pay gap
|A whopping 80% of the gender pay gap can be attributed to women being paid less than men within the same occupation, a new economic analysis shows.
Macquarie Group profits falls 32% to $3.52bn
|Macquarie Group has reported a net profit of $3.52 billion for the year ending 31 March 2024, a 32% decrease from the previous year.
Products
Featured Profile
Robert De Dominicis
CHIEF EXECUTIVE OFFICER
GBST HOLDINGS LIMITED
GBST HOLDINGS LIMITED
It was during a family sojourn to the seaside town of Pescara, Italy, Rob DeDominicis first laid eyes on what would become the harbinger of his future. Andrew McKean writes.
What comfort it must give most investors in superannuation, most of whom cannot even dream of having sufficient money in superannuation or elsewhere, to learn that there are fellow Australians who have more than $10 million in their Superannuation Fund.
What a disgrace.
On top of this it is necessary to have expensive discussion, that is expensive at taxpayers' expense, about whether those rich Australians should have special treatment when purchasing assets in their Fund.
What has happened to a fair go for every Australian citizen?
The rich get richer and the poor stay poor because they cannot get any poorer.