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Showing 1051 - 1060 of 9273 results for "wealth"

Australians urged to consider bequests amid $5.4tn wealth transfer

MATTHEW WAI  |  THURSDAY, 8 AUG 2024
... 3.7% ($7.6bn) in the UK, and 4.4% ($69bn) in the US. Pointing to Australia's economic landscape, NAB executive for private wealth Michael Saadie said the nation should consider contributing more. "Australia is a fortunate country with a strong economy ...

AMP sells advice licensees to Entireti, AZ NGA

JAMIE WILLIAMSON  |  THURSDAY, 8 AUG 2024
... individual practices. It comes as the advice business reports a net loss of $15 million. Entireti, formerly Fortnum Private Wealth, and AZ NGA will pay $10.2 million to acquire Charter Financial Planning, Hillross, AMP Financial Planning and support ...

Choice products require fairer framework: FSC

KARREN VERGARA  |  TUESDAY, 6 AUG 2024
... growth of managed accounts and non-superannuation vehicles to support advisers focusing on upper affluent and high-net-wealth (HNW) clients. The Choice sector makes up 70% of the market, yet regulatory and legislative processes continue to prioritise ...

Former wealth management chief ousted from financial services

ANDREW MCKEAN  |  FRIDAY, 2 AUG 2024
The founder and former chief executive of wealth management firm United Global Capital, Joel Hewish, has been slapped with a 10-year ban from providing financial services. Hewish, who is also prohibited from holding any role within a financial services ...

AMP Super trustee has additional licence conditions removed

ANDREW MCKEAN  |  FRIDAY, 2 AUG 2024
... outstanding matters raised by the Financial Services Royal Commission. N.M. Super, which controls the AMP Super Fund and Wealth Personal Superannuation and Pension Fund, which collectively manage approximately $114 billion in assets, was initially issued ...

Wilsons Advisory snaps up private wealth practice

ELIZA BAVIN  |  FRIDAY, 2 AUG 2024
Statton Partners will join Wilsons Advisory Private Wealth division, adding the firm's clients, client assets and advisers to the business. The Statton Partners team will be moving into Wilsons Advisory's Sydney offices in the coming months ...

GSFM appoints key account manager

JAMIE WILLIAMSON  |  THURSDAY, 1 AUG 2024
... performer with a proven track record, and his experience and expertise make him a solid addition to the team. "Lewis brings a wealth of retail distribution experience from his tenure at Macquarie. He is joining the firm at a key time, with plans for ...

BlackRock bolsters suite of SMAs

ELIZA BAVIN  |  THURSDAY, 1 AUG 2024
... the managed accounts industry for the benefit of Australian advisers and their clients," BlackRock Australasia head of wealth Chantal Giles said. "Our newly launched Active Multi-Asset Model Portfolios take a disciplined strategic asset allocation approach ...

AIA Australia names head of wellbeing

MATTHEW WAI  |  THURSDAY, 1 AUG 2024
... (ALUCA). Speaking on the new role, Hartley said she recognises "the importance of early intervention at claim stage and have a wealth of resources and programs through our AIA embrace wellbeing framework to facilitate positive outcomes." AIA chief executive ...

Private capital fundraising remains in the doldrums: Preqin

ANDREW MCKEAN  |  THURSDAY, 1 AUG 2024
... first was the acquisition of PSC Insurance Group by Ardonagh Group for $1.5 billion, followed by Perpetual's hiving off its wealth management unit to KKR at $1.4 billion. APAC venture capital (VC) fundraising also experienced a rebound in the second ...