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Showing 1411 - 1420 of 4879 results for "FAR"

Investments head departs super fund

HARRISON WORLEY  |  MONDAY, 24 FEB 2020
A $12 billion super fund is currently without a head of investments, after the departure of a long-serving executive. LGIAsuper has confirmed to Financial Standard the departure of Guy Rundle, the government fund's long-time head of investment. Rundle ...

Wells Fargo coughs up $4.5 billion

ALLY SELBY  |  MONDAY, 24 FEB 2020
... wellbeing. US Attorney for the Western district of North Carolina, Andrew Murray, said the settlement with Wells Fargo goes far beyond the "cost of doing business". "The $3 billion monetary penalty imposed on the bank.... [is] appropriate given the staggering ...

More US giants added to Chi-X TraCRs

HARRISON WORLEY  |  FRIDAY, 21 FEB 2020
... noting an uptick in the daily trading of TraCRs since their introduction in October 2018. Chi-X said the strongest performer so far was Microsoft, with the firm increasing its valuation by more than 70% since Chi-X launched its TraCR. "Similarly, our ...

Morgan Stanley acquires E*TRADE

ELIZA BAVIN  |  FRIDAY, 21 FEB 2020
... Morgan Stanley umbrella creates a truly exciting wealth management value proposition and enables our collective team to serve a far wider spectrum of clients." Morgan Stanley said the acquisition is part of its decade-long effort to rebalance the firms ...

ATO cracks down on SMSFs

ELIZABETH MCARTHUR  |  FRIDAY, 21 FEB 2020
... year. Speaking at the conference, ATO assistant commissioner - SMSF Segment Dana Fleming said that in the financial year so far, 95 SMSF trustees have been directed to educate by the ATO, whereas in 2018-19 only 45 were and in 2017-18 just 32. Similarly ...

Count Financial treads new path

JAMIE WILLIAMSON  |  THURSDAY, 20 FEB 2020
... clients. This all forms part of the licensees' new user pays model which it began transitioning to in December with costs so far totaling just over $2 million. About 60% of Count's revenue is grandfathered and with the likes of Colonial First State ending ...

ATO clamps down on auditor number misuse

ELIZABETH MCARTHUR  |  THURSDAY, 20 FEB 2020
... returns with audit reports falsified for an SMSF with her name and signature forged on them. Whoever did the forgery went so far as to find Fletcher's signature and falsely duplicate it. "In those serious cases of SAN misuse where they're forging ...

Focus to acquire stake in MEDIQ

KANIKA SOOD  |  WEDNESDAY, 19 FEB 2020
... 310 clients across Australia and a Melbourne-based team of 35, which includes two authorised representatives of Synchron. So far, Agarwal has been the sole owner. Following the Focus transaction, Focus will take an undisclosed stake. Alongside Agarwal ...

Value disconnect damages adviser relationships

ALLY SELBY  |  WEDNESDAY, 19 FEB 2020
... worth used to be simply based on the adviser's ability to beat a benchmark, it's now understood that an adviser's value is far better measured by the impact that their services can have on investors' financial outcomes," Morningstar said. "New metrics ...

What SMSFs will look like in 2030

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 FEB 2020
... Rice predicted the SMSF sector will grow to $1 trillion by 2030; however, he wasn't all positive in his outlook. "We have far too many industry bodies and we get too many messages. For example, you have Industry Super Australia attacking SMSFs," Rice ...