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.
The merger does not magically create an independent group. It is just not owned by one of the big four banks.
In many ways these mergers create even more problems for the consumer as CEO's can talk about "maintaining independence" and "letting the adviser flourish", under a banner that looks no different to the genuine intermediaries.
And mergers and acquisition firms who are not sure if a firm is independent or not perhaps should not comment at all. No good for the reputation showing that lack of knowledge
Would love to see ASIC comment on the statements made by this group
In my view, independent advice is not what SFG currently offer anyway. The advisers within this group have very little flexibility at all and are almost forced to use their own in-house products. If anything there is less independence in this group than is offered by the big 4.