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Showing 1581 - 1590 of 9279 results for "wealth"

Wealth management ecosystem at critical inflection point: Citi

ANDREW MCKEAN  |  THURSDAY, 20 JUL 2023
The wealth management sector is at a critical juncture, confronting declining fees and escalating compliance costs, according to Citigroup research. Accordingly, the Citi Disruption and Transformation in Wealth report suggested a need for wealth managers ...

AMP adds three group executive roles

CASSANDRA BALDINI  |  THURSDAY, 20 JUL 2023
... expanding its executive leadership as it moves to a flatter organisational structure following its recent divestments. The wealth manager said it will elevate the leadership of its platforms and advice businesses in two new roles on its executive committee. ...

Westpac closes Specialist Businesses Division

JAMIE WILLIAMSON  |  THURSDAY, 20 JUL 2023
... consumer. Meanwhile, current institutional bank lead Anthony Miller will take on the dual role of chief executive, business and wealth. With the consumer and business banking functions now separated, current chief executive, consumer and business banking ...

PE success all about fund selection: Rest

CASSANDRA BALDINI  |  WEDNESDAY, 19 JUL 2023
... is an expectation that fundraising will slow down. "We could first see a little bit more participation from the private wealth segment of investors to slightly offset the limitations of institutional investors," she explained. "We also expect that as ...

HNW wealth transfer still on the to-do list

CHLOE WALKER  |  SATURDAY, 15 JUL 2023
Developing a wealth transfer plan remains on the to-do list for Australia's wealthiest, according to LGT Crestone's latest State of Wealth report. The report, now in its fourth year, uncovered nearly two thirds of Australian high-net-worth (HNW) ...

FY23 farewells 700 advisers

KARREN VERGARA  |  FRIDAY, 14 JUL 2023
... place with 310 advisers. It bucked the trend by adding a net of 34 advisers. Consultum Financial Advisers (305), Alliance Wealth (286), Ord Minnett (267), Count Financial (266), Lifespan Financial Planning (258), and Capstone Financial Planning (258) ...

Family offices increasingly involved in succession planning

CHLOE WALKER  |  THURSDAY, 13 JUL 2023
According to wealth administration provider Ocorian, family offices across the globe seem to be in good shape regarding succession planning. Ocorian's latest report, titled 'Family Offices and the role of third-party service providers' found 88% of ...

Ownership changes spur upheaval in unit trust sector

KARREN VERGARA  |  WEDNESDAY, 12 JUL 2023
... Banking Royal Commission. Some of the investment managers with the largest negative net flows were spun out of the large wealth managers owned by Australia's largest banks and then divested in the wake of the scandals exposed by the Royal Commission ...

Praemium hires governance, risk chief

JAMIE WILLIAMSON  |  WEDNESDAY, 12 JUL 2023
... the experience and capability to ensure Praemium is positioned to realise the full potential of the market opportunity in wealth management platform and related services for Australia's leading financial advisers and their clients," Wamsteker sai ...

Advice firm revenues jump 45%

KARREN VERGARA  |  WEDNESDAY, 12 JUL 2023
... communicated with their top clients more than 10 times per year achieved a 114% uplift in profitability. Iress chief executive of wealth management Harry Mitchell said the results show that the advice industry has been improving across several measures ...