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Showing 121 - 130 of 471 results for "Tier"

Adviser support services a boon for Sequoia

KARREN VERGARA  |  TUESDAY, 24 AUG 2021
... in FY21 make full contributions in the following financial year. Crole flagged that Sequoia will continue to acquire mid-tier licensee businesses within subsidiaries InterPrac Financial Planning and Sequoia Wealth Management to have a total of 1000 advisers ...

Saxo cuts trading costs

KARREN VERGARA  |  TUESDAY, 17 AUG 2021
... charged based on the total trade amount or whichever amount is higher according to its pricing tiers. Investors in the Classic tier with a minimum $3000 will be charged 0.08%; Platinum tier traders with a minimum $300,000 will be charged 0.06%; while ...

Profit boost for CBA, ups remediation bill

KARREN VERGARA  |  WEDNESDAY, 11 AUG 2021
... dividend in 2020, CBA can continue to grow its dividends over the coming 12 months and return to pre-COVID levels, with its Tier 1 capital ratio sitting at a healthy 13.1%. "The buyback is a logical way for CBA to take advantage of surplus capital and ...

M&As to create super advice firms

KARREN VERGARA  |  FRIDAY, 23 JUL 2021
... firms, product manufacturers, other advisory groups as well as international investors. A super firm will be akin to the mid-tier in accounting and professional services led by entrepreneurs and not institutions. AZ NGA chief executive Paul Barrett said ...

VanEck launches active ETF with Sydney boutique

KANIKA SOOD  |  MONDAY, 12 JUL 2021
... with a Sydney credit boutique. The VanEck Bentham Global Capital Securities Active ETF (Managed Fund) (ASX: GCAP) invests in Tier 1 (AT1) securities, contingent convertibles and subordinated debt securities. Bentham Asset Management will be the portfolio ...

Westpac sells NZ life business

JAMIE WILLIAMSON  |  TUESDAY, 6 JUL 2021
... no longer the plan. It's expected to result in a post-tax gain, and will add about 7bps to Westpac's common equity tier 1 capital ratio. As at March 31, the business had annual inforce premiums of NZ$149 million. Westpac chief executive Peter ...

CBA offloads general insurance arm

ANNABELLE DICKSON  |  MONDAY, 21 JUN 2021
... middle of 2022 and is estimated to result in a post-tax gain of around $90 million and increase the bank's common equity tier one capital by $400 million. CommInsure General Insurance has over 800,000 policies for home and contents and motor vehicle ...

Digital fact-find gains momentum

KARREN VERGARA  |  WEDNESDAY, 12 MAY 2021
... saving financial advisers nearly six hours per client, has snapped up partnerships with Centrepoint Alliance and other mid-tier licensees. Advice Revolution, founded by former advisers Adrian Patty and Shaun Green, aims to eliminate the double-entry ...

Westpac profit climbs, executive leaves

ANNABELLE DICKSON  |  MONDAY, 3 MAY 2021
... and a better economic outlook. Notable items were also lower. We improved balance sheet strength, with our Common Equity Tier 1 capital ratio rising 153 basis points to 12.34%," Westpac group chief executive Peter King said. Plato Investment Management ...

Vanguard UK upends cost of advice

KARREN VERGARA  |  TUESDAY, 20 APR 2021
Vanguard has launched a financial advice offering in the UK that will charge a flat rate of 0.79%, a whopping three times less than what the industry charges on average. Vanguard Personal Financial Planning promises to provide high-quality, low cost ...