Market wrap - middayBY AAP | WEDNESDAY, 16 MAY 2007 12:45PMA record close on Wall St and stronger commodity prices failed to lift the Australian sharemarket into positive territory by midday, despite a strong start to the day. The local bourse started the day in positive territory, but was driven back by falls in the banks, miners and energy stocks. |
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FAAA says super trustees should stump up for CSLR
The Financial Advice Association Australia (FAAA) has called on Treasury to cut the Compensation Scheme of Last Resort (CSLR) special levy on the advice sector to zero and for superannuation trustees to stump up for the scheme.
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ASIC has issued another stop order on a PDS offering units in three registered managed investment schemes.
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Featured Profile
Cliff Man
CHIEF EXECUTIVE OFFICER
ETF SHARES MANAGEMENT LTD
ETF SHARES MANAGEMENT LTD
ETF Shares chief executive Cliff Man spent his career automating, building and challenging established systems. Now, he is betting that Australia's ETF market has room for something different. Vinny Vucago writes.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
