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| | | A start-up online investment community designed initially for Baby Boomers has won a surprising number of GenX and GenY clients, suggesting a broader market of investors keen to swap their investment know-how online. Melbourne-based SelfWealth is an ... |
| | | | The Australian market has opened stronger despite a fall on Wall Street overnight, earning back some of Thursday's massive losses. At 1021 AEDT on Friday, the benchmark S&P/ASX200 index was up 39.7 points, or 0.8 per cent, at 5,019.7 points, while the ... |
| | | | Australia's equity market volatility benchmark, the S&P/ASX 200 VIX (VIX), will be made available in real-time, the ASX has announced. This will provide the market with intra-day volatility information and importantly, enables ASX to create derivative ... |
| | | | UBS Global Asset Management expects the popularity of 'smart beta' exchange traded funds (ETFs) to double by the end of the year. According to UBS, SMSF trustees' and financial advisers' rising acceptance of these types of products is fuelling rapid ... |
| | | | Pivotal Financial Advisers changed its name to Affinia Financial Advisers, the company announced. As much as 60 financial advisers were working for Affinia last year. The company, a dealer group that targets risk specialists, is backed by life insurance ... |
| | | | If a takeover bid for rival The Trust Company is a success, the combined businesses will enjoy $8 million a year in savings, Equity Trustees has told shareholders. Yesterday Equity Trustees said that it would try and buy its competitor The Trust Company. ... |
| | | | Financial services watchdog ASIC has handed out a record fine of $500k to a man who ran a $30 million scam targeting SMSFs. David Hobbs of Nelson, New Zealand, who was described as the "mastermind" behind more than a dozen unregistered offshore managed ... |
| | | | AMP Group's self-managed super fund business is now managing more than 9,100 SMSF accounts, more than treble the number it managed in the first half of last year. AMP has been able to position its business in the SMSF market and has become one of the ... |
| | | | Super funds have staged a massive bounceback, reclaiming $192 billion to post the fastest annual asset growth in two-and-a-half years to reach $1.508 trillion. Driving the growth in the APRA reported figures is the 12% average return, according to SelectingSuper ... |
| | | | So near, yet so far. Remember those back of the envelope calculations we did yesterday, Virginia? The one which showed that the S&P 500 is almost there - could reclaim the all-time peak it reached in October 2007 by this weekend or at the most by the ... |
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