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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.
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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.
While Financial advisers are getting more compliant and regulated, it is a great opportunity for the government and relevant regulatory body to look at the real estate and credit advisers.
Due to lack of regulations, the amount of commissions and remuneration that mortgage brokers, real estate agents, private credit company's are enjoying has been unnoticed or merely neglected.
The worst is private credit company where they lend money to people to manage their debt or buy white goods, for an unimaginable interest rates. There is no clients best interest duty in this by putting clients into further deep debt and stamping with bad credit history. Why is this? Has the government taken any initiative towards this... and please tell us what is it...?
At the clients best interest, even these people make a big difference in building debt in the clients financial future.
So I would like to urge everyone to look into this space of the financial sector, just not speculate but take initiative to build a regulatory body for this part of financial services industry.