Fiducian reports decreased net inflows, $109,000 half-year lossFRIDAY, 28 FEB 2003 2:22AMFiducian Portfolio Services today announced a half-year loss of $109,000, compared to a profit of $572,000 in the corresponding 2001 period, attributing the loss to a $651,000 goodwill writedown related to the purchase of its financial planning subsidiary Harold Bodinnar and Associates. |
Editor's Choice
Korean pension fund takes $50m stake in Metrics
The National Pension Service of Korea acquired a 4.17% stake in Metrics Credit Holdings, but the real winner is Pinnacle.
'Incompetent' adviser permanently banned by ASIC
A Sydney-based financial adviser has been permanently banned for acting dishonestly and exhibiting a fundamental lack of knowledge, integrity, and professionalism, ASIC said.
Japanese asset manager enters Australian market
Axius has entered an exclusive partnership with one of Japan's biggest investment managers, Sumitomo Mitsui DS Asset Management, marking its entrance into Australia.
AIOFP and IFPA enter 'strategic alliance'
The two organisations said the move reflects the evolving financial services landscape.
Products
Expert Feed
The gatekeeper fallacy: A critical analysis of financial advice regulation in Australia
The current regulatory framework for financial advice in Australia rests on a fundamental misconception that threatens both consumer protection and industry ...
How family shapes our financial futures
It doesn't take our 100+ years of collective wealth management experience to know that intergenerational wealth is a hard problem.
A tale of two conflicting PBRs
What happens if a spouse survives the death of the member but dies before payment has been made?
From red tape to results? DBFO's potential
With only around 15,480 financial advisers in the country at last count, and 800 Australians retiring every day, the profession is facing a severe shortage ...
Featured Profile
Jelena Stevanovic
CHIEF EXECUTIVE OFFICER
PLATYPUS ASSET MANAGEMENT HOLDINGS PTY LTD
PLATYPUS ASSET MANAGEMENT HOLDINGS PTY LTD
As the new chief executive of Platypus Asset Management, Jelena Stevanovic hopes to continue the fund manager's long tradition of outperformance with patience and by fostering meaningful relationships with clients and staff. Karren Vergara writes.
