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Showing 11781 - 11790 of 29090 results for "PRI"

Douglass makes case for Magellan turnaround

ALEX BURKE  |  WEDNESDAY, 2 AUG 2017
Ahead of the company's annual results next week, Magellan Financial Group chief executive Hamish Douglass explained to investors why the flagship global equity fund has swung back into outperformance after disappointing returns last year. While 2016-17 ...

Family office merger sees new chief executive

KARREN VERGARA  |  WEDNESDAY, 2 AUG 2017
Newly combined family offices, Mutual Trust and Myer Family Company, announced the appointment of a new chief executive. Phil Harkness has been appointed chief executive of Mutual Trust and chief executive-elect of the enlarged group. Pending completion ...

ETFs set to continue dominance

JAMIE WILLIAMSON  |  WEDNESDAY, 2 AUG 2017
Nearly one third of Australia's financial advisers will increase their use of exchange traded funds in client portfolios over the next 12 months. This is a key finding from a recent Rainmaker adviser survey which showed that while 35% of advisers are ...

Class action on the cards for ASX healthcare firm

ALEX BURKE  |  TUESDAY, 1 AUG 2017
An ASX-listed healthcare company is facing a potential class action from shareholders, including major Australian fund managers, following a 37% fall in share price. William Roberts Lawyers has alleged that Sirtex Medical, which manufactures and distributes ...

Advice business offers enforceable undertaking

JAMIE WILLIAMSON  |  TUESDAY, 1 AUG 2017
Financial Index Australia entered into an enforceable undertaking with ASIC after an investigation found advisers had moved clients into more expensive, FIA-branded products without reason. ASIC identified a number of issues within FIA's financial advice ...

ACSI urges investor action on slavery, warns of financial risks

EMMA RAPAPORT  |  TUESDAY, 1 AUG 2017
... fund managers to sign a statement in support of a Modern Slavery Act in Australia. The statement was intended form part of PRI's submission to the federal parliament Joint Standing Committee on Foreign Affairs, Defence and Trade. At the time, IFM Investors ...

Fortnum subsidiary flags aggressive growth plan

ALEX BURKE  |  TUESDAY, 1 AUG 2017
A subsidiary firm at Fortnum Private Wealth is on an aggressive growth track following the acquisition of a Sydney practice and the appointment of a new adviser. Samuel Fenning has joined his brother Matthew at Fortuity Strategic Advisors as an adviser ...

UK regtech expands Australian footprint

JAMIE WILLIAMSON  |  TUESDAY, 1 AUG 2017
The overhaul of regulatory reporting requirements by the Australian Prudential Regulation Authority is behind a global regtech provider's decision to expand its Australasian operations. Having already established an Australian presence, London-based ...

Financial services ripe for mergers and acquisitions

JAMIE WILLIAMSON  |  TUESDAY, 1 AUG 2017
The financial services industry is predicted to prove a hotspot for M&A activity over the next 12 months, particularly around demergers. Commercial law firm Minter Ellison singled out the sector as one of five industries ripe for mergers and acquisitions ...

Industry super fund grows ESG team

KARREN VERGARA  |  TUESDAY, 1 AUG 2017
Industry super fund Vision Super is expanding its environmental, social and governance division with the help of a climate expert. Vision Super is recruiting for an environmental activist who will join the climate action team and help promote the super ...