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Managed accounts forum unveils new format, adviser focus

DARREN SNYDER  |  TUESDAY, 8 AUG 2017
The Financial Standard Best Practice Forum on Managed Accounts is introducing an entirely new and innovative format in 2017, placing financial advisers front and centre of the one-day conference. Financial Standard launches a new program format called ...

Australian businesses lift borrowing

BENJAMIN ONG  |  TUESDAY, 1 AUG 2017
Signaling a reorientation in Australia's credit markets, the RBA Financial Aggregates report for June shows that business borrowing has surged relative to home borrowings even as home borrowing still dominates credit markets. According to the RBA total ...

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BENJAMIN ONG  |  MONDAY, 31 JUL 2017
Wall Street's on a tear with all of the equity market's benchmark indices - S&P 500; Dow Jones; Nasdaq; Russell 2000 - hitting record highs last week. The most proximate cause is, of course, the strong June quarter earnings results. According to Factset ...

O'Dwyer names one-stop-shop dispute resolution lead

KARREN VERGARA  |  THURSDAY, 27 JUL 2017
A former RBA governor will spearhead the merger of three financial and superannuation dispute resolution bodies into a one-stop-shop. Revenue and Financial Services Minister Kelly O'Dwyer told the FSC Leaders Summit yesterday that Malcolm Edey will ...

Stone and Chalk partners for new Melbourne hub

EMMA RAPAPORT  |  MONDAY, 24 JUL 2017
... marketplace is a boost for the local economy, and will bring huge opportunities and insights for existing and new businesses in the fast moving fintech sector. "The partnership approach between existing businesses and entrepreneurial startups will bring ...

Not showing: inflation

BENJAMIN ONG  |  MONDAY, 24 JUL 2017
RBA deputy governor Guy Debelle snuffed hawkish interpretations of the minutes of the 4 July RBA meeting - particularly, the minutes' reference to a 3.5% neutral cash rate - reversing the Australian dollar's upward run. "...the current (nominal) cash ...

Good jobs, sluggish pay

BENJAMIN ONG  |  FRIDAY, 21 JUL 2017
Although not completely gangbusters, the latest Australian labour market update provided another justification for the optimism and seemingly hawkish turn the Reserve Bank of Australia (RBA) conveyed in the minutes of its 4 July board meeting. The Australian ...

Digital revamp for Citi wealth arm

KARREN VERGARA  |  WEDNESDAY, 19 JUL 2017
Citi Australia's wealth management and advice arm is ramping up its digital offerings in an effort to be a leader in the region. Speaking at a Sydney media roundtable yesterday, Citi Australia head of consumer banking in Asia Pacific, Anand Selva, said ...

Macquarie unveils adviser payment service

KARREN VERGARA  |  TUESDAY, 18 JUL 2017
Macquarie launched a new payment service that helps advisers manage clients' money flexibly without the need for a signed request. The Adviser Initiated Payments (AIP) service allows advisers using a Macquarie cash account to initiate payments on behalf ...

The problem with currency extrapolation

BENJAMIN ONG  |  TUESDAY, 18 JUL 2017
It seemed so long ago now that a "bag the Aussie dollar" campaign was what we read in financial media. The Australian dollar was trading at about US$0.75 then, it closed at US$0.7832 on 14 July and is currently trading at US$0.78. It's exactly two months ...