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Morgans snaps up CommSec Advisory businessBY ELIZA BAVIN | TUESDAY, 24 SEP 2019 11:50AM
Morgans has acquired CommSec Advisory for an undisclosed sum, after winning a tender conducted by the Commonwealth Bank of Australia.
Read more: Morgans, CommSec Advisory, Commonwealth Bank of Australia, Ord Minnett, Count Financial, John Clifford, MLC, NAB, Royal Commission, Shaw and Partners, Westpac, Wilsons
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Victoria Funds Management Corporation has promoted a senior portfolio manager to head of equities, and hired from outside the company to fill the vacant role
The government's move to extend the ban on conflicted remuneration to listed investment companies and trusts is expected to provide financial advisers with some much needed certainty.
Aussie equities fund managers steadily improved in performance relative to benchmark from January to March, according to an updated SPIVA Australia Scorecard from S&P.
In the pre-pandemic world, there was a lot of talk around passive investment but now that the markets have taken investors on a rollercoaster ride, are the active managers leaving or just biding their time?
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