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Showing 10481 - 10490 of 20558 results for "BEN"

AMP wealth management cashflows up 72%

MARK SMITH  |  THURSDAY, 8 MAY 2014
AMP's wealth management net cashflows jumped 72% in the first quarter to $363 million, up from $211 million for the same period last year. AMP's North platform was a key growth driver of the rise with $1 billion in net cashflows for the quarter, the ...

NAB wealth division reports flat earnings

LAURA MILLAN AND AAP  |  THURSDAY, 8 MAY 2014
The National Australia Bank (NAB) wealth division has reported flat earnings in the first results following the appointment of Cameron Clyne as chief executive. NAB Wealth cash earnings were $174 million for the half year ending on March 2013, the company ...

Janet puts it

BENJAMIN ONG  |  THURSDAY, 8 MAY 2014
"Whispering hope, Oh how welcome thy voice..." Greenspan's done it. Bernanke did it. Now, Yellen's doing it -- the Fed put, that is. If you still doubt it, Virginia, just have a look at last night's trading action on Wall Street. Sure, there was some ...

Market Wrap AM

AAP  |  THURSDAY, 8 MAY 2014
The Australian market looks set to open higher after Wall Street mostly gained following more conciliatory statements by Russia's president amid the Ukraine crisis and the Federal Reserve chair's Congressional testimony. At 0645 AEST on Thursday, the ...

Stakeholders stage FoFA confrontation in Senate submissions

LAURA MILLAN  |  WEDNESDAY, 7 MAY 2014
A new round of submissions to the Senate inquiry into the Future of Financial Advice (FoFA) amendments has seen consumers, academics and industry bodies holding increasingly opposing positions. Most stakeholders focused on the most controversial topics ...

Blue Sky launches first listed investment company

MARK SMITH  |  WEDNESDAY, 7 MAY 2014
Blue Sky Alternative Investments has launched an initial public offering (IPO) to raise up to $100 million to list Australia's first diversified, alternatives-focused Listed Investment Company (LIC) on the ASX. With the listing, the company is aiming ...

Fiducian acquisition adds $66 million in FUA

LAURA MILLAN  |  WEDNESDAY, 7 MAY 2014
Fiducian Group has acquired a financial planning business that will add $66 million to its funds under advice. The listed company did not disclose the names of financial planners or dealer groups joining or selling their businesses to Fiducian. The ...

Market Wrap AM

AAP  |  WEDNESDAY, 7 MAY 2014
The Australian market is set to open lower after Wall Street dropped on concerns about the US tech sector and disappointing earnings from insurance giant AIG. At 0700 AEST on Wednesday, the June share price index futures contract was down 25 points ...

Promises promises and broken promises

BENJAMIN ONG  |  WEDNESDAY, 7 MAY 2014
Were you not as surprised as I was? I bet you weren't Virginia, not even your uncle and his dog, when the Reserve Bank of Australia (RBA) announced that it was doing nothing - it left the official cash rate steady at 2.5%. While the RBA mostly stuck ...

New business targets investors' bad habits

JAMES FERNYHOUGH  |  TUESDAY, 6 MAY 2014
As the number of individual investors skyrockets with the growth of the self-managed super fund (SMSF) sector, a new business is about to be launched which aims to help investors overcome bad psychological habits. Behavioural Finance Australia (BFA) ...