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IFM increases stake in DecimalBY KARREN VERGARA | TUESDAY, 30 JAN 2018 12:35PM
An Australian-based global fund manager has increased its stake in robo-adviser Decimal, signalling renewed confidence that superannuation funds are embracing digital financial advice.
Read more: IFM, Decimal, IFM Investors, Brett Himbury, Child Care Super, Eqilize, GuildSuper, Kelly Ki Jeong Lee, Mercer, Nic Pollock
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The $80 billion fund manager has hired BMO Global Asset Management's Asia Pacific managing director as an executive director as the incumbent retires.
Wilson Asset Management has responded to allegations by Keybridge Capital, noting the investment manager has already failed twice in previous attempts to obtain orders of this kind.
The former head of ESG investment research at AMP Capital has taken up a new role.
Fortnum, Centrepoint, Easton Wealth, CountPlus, Fitzpatricks and Paragem have all criticised the Financial Planning Association of Australia's latest policy proposal.
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