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| | | BlackRock plans to add to staff numbers while expanding its separately managed account (SMA) business next year, said Scott Phillips, BlackRock's head of retail. In response to the recent departures of two members of the research team, Phillips said ... |
| | | | Asgard, CareSuper and Telstra Super were among the winners at this year's SelectingSuper Awards, which recognises Australia's top superannuation funds. This morning's SelectingSuper Awards in Melbourne, which featured TEN Network veteran sports journalist ... |
| | | | The latest AMP Poll has highlighted the issue of division within the financial planning industry between risk management specialists and those who see it as an add-on. The poll reported that the majority of financial planners believe that the cost of ... |
| | | | AMP's new all-in-one AMP Flexible Super product delivered a star performance in the latest quarter, netting $544 million in cashflow, but cashflow numbers elsewhere fell compared to the previous period. AMP announced in an ASX statement today that its ... |
| | | | NAB's acquisition of Aviva, double digit insurance premiums growth and improved investment markets have helped MLC and NAB Wealth become key contributors to the bank's $4.2 billion net profit this year. NAB announced this morning a 19.3 per cent increase ... |
| | | | Perpetual Private Wealth has appointed former Zurich head of wholesale sales, Nick Langton, as general manager private client advice, as the firm ramps up its wealth arm and positions for future acquisitions. Langton, who has over 20 years experience ... |
| | | | Asset management and private banking featured prominently in JP Morgan's results overnight, the first of the major US investment houses to report third quarter earnings. The company's asset management division recorded net income of US$420 million ... |
| | | | In a further sign of the fragile state of the US economy, one of the biggest initial public offerings of 2010 was withdrawn overnight. Liberty Mutual Group, the fifth largest property and casualty group in the US by direct written premiums, postponed ... |
| | | | The Australian market was higher at noon, led by financial and materials stocks and positive offshore leads from the US and Asia. At 1210 AEST, the benchmark S&P/ASX200 index was 68.9 points higher, or 1.5 per cent, at 4670.8 points, while the broader ... |
| | | | A US hedge fund adviser will have to cough up $2.7 million to settle SEC charges for breaching short selling rules. The Securities and Exchange Commission yesterday charged Dallas-based Carlson Capital for breaching a regulation which prevents short ... |
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