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Showing 1281 - 1290 of 6251 results for "December 17"

Countdown to FASEA exam deadline

ELIZABETH MCARTHUR  |  TUESDAY, 23 FEB 2021
The Financial Adviser Standards and Ethics Authority (FASEA) has issued a reminder to financial advisers that their time to sit and pass the exam is ticking by. There are just five exam sittings remaining for existing advisers to pass the exam. After ...

CountPlus profit down 53%

ANNABELLE DICKSON  |  TUESDAY, 23 FEB 2021
The ASX-listed advice and accounting group posted a significant drop in net profit from $11.9 million to $5.5 million in its half-year results. Released today, the results also show adjusted net profit attributable to shareholders jumped 65% to $4.1 ...

J.P. Morgan custody exec retires

KANIKA SOOD  |  MONDAY, 22 FEB 2021
A long-standing J.P. Morgan executive in its securities service business has retired after nearly 20 years with the company. Bryan Gray spent close to 20 years at J.P. Morgan, which is the largest custodian in Australia. Prior to this, he spent about ...

Investors on red alert despite vaccines

KARREN VERGARA  |  MONDAY, 22 FEB 2021
Despite the promise and optimism of COVID-19 vaccines, professional investors continue to worry about the pandemic's economic impact, a global study of 400 reveals. Natixis Investment Managers' annual 2021 Professional Fund Buyer Outlook, conducted ...

Aussie dividends slump 40%

KARREN VERGARA  |  MONDAY, 22 FEB 2021
Three-in-five Australian publicly listed companies have either cut or withheld their dividends during 2020 as a result of COVID-19, a global dividend index shows. Between April and December 2020, Aussie firms either cut or cancelled dividend payments ...

Wealth group makes acquisition

ANNABELLE DICKSON  |  MONDAY, 22 FEB 2021
A subsidiary of ASX-listed accounting firm Kelly+Partners has made a tuck-in acquisition of a financial services group on the New South Wales Central Coast. The subsidiary will acquire a 51% stake in the group which includes private wealth management ...

Netwealth cash margin could squeeze

KANIKA SOOD  |  FRIDAY, 19 FEB 2021
Netwealth's revenue from its cash transaction accounts could fall in the next year as the risk of ANZ Bank renegotiating the rate rises, according to Macquarie. Netwealth had $38.8 billion in total funds under advice at December end. Of this, about ...

Mainstream to pay $5.1m settlement

KARREN VERGARA  |  FRIDAY, 19 FEB 2021
Mainstream BPO is due to pay $5.1 million as part of a confidential settlement agreement affecting its US hedge fund administration subsidiary. The ASX-listed firm said it agreed to pay US$3.95 million to a US District Court-appointed receiver of a ...

Chief economist update: Australia's not jobless recovery

BENJAMIN ONG  |  FRIDAY, 19 FEB 2021
... with market expectations. Though the monthly addition in jobs has slowed -- 180K in October, 90K in November and 50K in December - January marked the fourth straight month of employment gains. Not only that, Bjorn Jarvis, head of labour statistics at ...

J.P. Morgan dominates custody market

KARREN VERGARA  |  THURSDAY, 18 FEB 2021
J.P. Morgan has remained the largest custodian in Australia since 2016, when it bumped off NAB Asset Servicing, closing in on nearly $1 trillion of assets. The Australian Custodial Services Association's (ACSA) biannual statistics revealed J.P. ...