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Showing 1291 - 1300 of 4251 results for "LIC"

CountPlus adds former MLC practice

KARREN VERGARA  |  WEDNESDAY, 11 NOV 2020
CountPlus has added new financial advice firm to the fold that was part of MLC's Godfrey Pembroke for 19 years. Ascent Private Wealth joined CountPlus as a member firm, leaving the MLC dealer group shortly after it was acquired by IOOF. Melbourne-based ...

Invesco advances active non-transparent ETF

KARREN VERGARA  |  WEDNESDAY, 11 NOV 2020
Invesco is closer to launching a new ETF model in the US that hides the fund's investment strategy and some of its holdings. The global investment manager is in the final regulatory stage of having its active non-transparent ETF model approved. ...

Dealer group chief departs

ELIZABETH MCARTHUR  |  WEDNESDAY, 11 NOV 2020
The chief executive of an IOOF licensee will depart the group, as the impacts of the company's wealth restructure continues to be felt. Lonsdale Financial Group chief executive Mark Stephen will depart at the end of the month. The move comes after Milennium3 ...

Channel Capital in management buyout

KANIKA SOOD  |  TUESDAY, 10 NOV 2020
The Sydney multi-boutique is bidding farewell to its minority equity partner Highbury Partnership, as it enlists a new passive investor to bring ownership back to the management. Highbury invested about $15 million in Channel Capital in 2017 when the ...

New York hedge fund invests in Thorney LIC

KANIKA SOOD  |  TUESDAY, 10 NOV 2020
Alex Waislitz's Thorney Technologies LIC which invests in tech companies has attracted investment from New York's Woodson Capital Management. TEK conducted a $27 million placement to institutional, professional and sophisticated investors, as a part ...

CountPlus divests member firm

ANNABELLE DICKSON  |  TUESDAY, 10 NOV 2020
CountPlus has disposed its majority interest in a member firm to a fellow member firm after a review found it could not add strategic value. The ASX-listed advice and accounting group has sold its 61.28% interest in Specialised Business Solutions to ...

AMP extends life insurance APL

ELIZABETH MCARTHUR  |  WEDNESDAY, 4 NOV 2020
AMP has updated its approved product list (APL), allowing aligned financial advisers to recommend an enhanced suite of insurers. The new APL includes AIA, BT, MetLife, OnePath/Zurich and TAL. BT and MetLife are the two new additions. And, for the first ...

The platforms with the most advisers

KANIKA SOOD  |  TUESDAY, 3 NOV 2020
Colonial FirstChoice remains the platform used by the most advisers, with about 11% market share, according to latest Rainmaker estimates. CBA's platform is used by 9835 advisers and 1085 Australian financial services licence. It is followed by ...

GSFM sizes up ETFs with Munro launch

KANIKA SOOD  |  MONDAY, 2 NOV 2020
The Sydney multi-boutique is dipping its toes into active ETFs, with the first being a long/short fund from Munro Global Partners. The Munro Global Growth Fund (Hedge Fund) started trading on the ASX today with the ticker MAET. The active ETF will invest ...

Fastest-growing AFSLs in the country

KANIKA SOOD  |  FRIDAY, 30 OCT 2020
New research from Rainmaker Information shows which licensees added the most advisers in the 12 months to September end. And which AFSLs have the biggest market share. Overall, there were 19,357 advisers attached to an AFSL at September end, down 2597 ...