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| | | Just a day after denying it has engaged Citi to consider takeover offers, Insignia Financial has overhauled its entire operating model and executive lineup. Insignia Financial is moving away from its current functional operating model and introducing ... |
| | | | Some investment managers still scored large mandates despite an overall nosedive in appointments by not-for-profit super funds. Alphinity, which manages $31.39 billion of Australian-sourced funds, was awarded a $2.92 billion international equites mandate ... |
| | | | ... option, launched in September 2017, came in at 16.99%. Spaceship noted that while the returns are net of fees, they do not account for the administration fees deducted from account balances. Spaceship said the returns reinforce "its position as a great ... |
| | | | GAM Investments has appointed Randel Freeman as co-head and co-chief investment officer its new specialist alternative investments unit, GAM Alternatives, effective immediately. Freeman will work alongside Albert Saporta to build out GAM's alternative ... |
| | | | ... with an authorised deposit-taking institution (ADI) by Sanlam, will instead be held on trust by Stakeshop AFSL in a new account with the same ADI. Stake's head of legal, risk, and compliance Iain Gentle said the decision to pursue its own AFSL was made ... |
| | | | The Australian Wealth Advisors Group (AWAG) has taken a stake in Melican Financial Planning and added Murdoch Private Wealth to its licence. ASX-listed AWAG took a 20% stake in Melican Financial Planning, a firm that provides accounting, mortgage broking ... |
| | | | A financial adviser banned from practising for two years for failing to keep appropriate records had the term slashed in half by the Administrative Appeals Tribunal (AAT). The AAT varied ASIC's decision to ban Christopher Betalli from providing ... |
| | | | ... movement," Davis said. According to APRA stats, Future Super has 54,300 members and $2.15 billion in assets. The median account balance is $17,326 and the median member age is 30. This includes the Verve Super division. |
| | | | The first tranche of the Delivering Better Financial Outcomes (DBFO) legislation passed both the upper and lower houses yesterday. Treasury Laws Amendment (Delivering Better Financial Outcomes and Other Measures) Bill aims to reduce red tape for financial ... |
| | | | Ausbil Investment Management's head of wholesale distribution will retire after 17 years with the firm, leading to changes in the sales team. Hik Chadirchi will leave at the end of the month. As a result, the active equities investor's institutional ... |
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