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Showing 101 - 110 of 1873 results for "broker"

MA Financial eyes growth with Warburg Pincus, Flexicommercial

MATTHEW WAI  |  THURSDAY, 22 AUG 2024
... to our local market." "We have identified asset financing as an attractive lending space for some time. The rise of the broker channel is creating more options for borrowers and a more level playing field for non-bank financiers to provide customers ...

Recordkeeping breach costs RBC, BNY Mellon US$85m

KARREN VERGARA  |  FRIDAY, 16 AUG 2024
... and their personnel to maintain and preserve electronic communications". This is according to the SEC, which charged 26 broker-dealers, investment advisers, and dually registered broker-dealers, and investment advisers. The SEC found "pervasive and longstanding ...

Expand bolsters SMA menu

MATTHEW WAI  |  TUESDAY, 13 AUG 2024
BlackRock, DNR Capital, Elston, Lonsec and Zenith have been added to the Expand Extra menu, doubling the wrap platform's separately managed account (SMA) offerings. The additional investment managers complement the current fleet of MLC Asset Management ...

AFSLs can lose licence on CSLR intervention

KARREN VERGARA  |  WEDNESDAY, 7 AUG 2024
AFS Licensees (AFSLs) and their professional indemnity insurers (PII) that fail to pay a determination will potentially see their licence revoked if the Compensation Scheme of Last Resort (CSLR) has to intervene. CSLR chief executive David Berry warned ...

Institutional investors embracing crypto: GDF

MATTHEW WAI  |  FRIDAY, 2 AUG 2024
Global Digital Finance (GDF) suggests that digital assets are becoming quite popular with institutional investors. Conducting a global survey of 100 executives, GDF found almost all participants (93%) have handled Bitcoin in some shape or form. Meanwhile ...

Beaconsfield takes control of New Quantum

ANDREW MCKEAN  |  MONDAY, 22 JUL 2024
... non-trading holding company with operating subsidiaries including wealth management software platform New Quantum and options broker Morrison Securities. The appointment of receivers follows the company being placed into voluntary administration last ...

Bitcoin ETF price war: VanEck, Monochrome cut costs

ANDREW MCKEAN  |  FRIDAY, 12 JUL 2024
VanEck has cut the management fee for its Bitcoin ETF (ASX: VBTC) to 0.49% per annum, just days after Monochrome Asset Management made a change. The ETF provider said the decision followed more than $18 million flowing into the fund since its launch ...

iExtend receives AFSL after lengthy wait

JAMIE WILLIAMSON  |  THURSDAY, 4 JUL 2024
iExtend has been granted an AFSL, after entering a court enforceable undertaking last year over concerns of unlicensed conduct. In November 2023, the life insurance startup entered a court enforceable undertaking after ASIC pinged it for possibly operating ...

New boutique launches private debt fund

ELIZA BAVIN  |  MONDAY, 1 JUL 2024
Nero Private - a newly established boutique non-bank credit firm - has launched its first private debt fund, aimed at supporting Australian small and medium-sized enterprises (SMEs) while offering investors stable returns. Nero Private invests in credit-vetted ...

First Bitcoin ETF to launch this week on ASX

ANDREW MCKEAN  |  MONDAY, 17 JUN 2024
... VBTC), which will list this Thursday, has come into being after an uptick in queries and requests from the adviser and broker community, following the US SEC approval of several Bitcoin ETFs. These US-domiciled ETFs, the largest of which is BlackRock's ...