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Showing 141 - 150 of 356 results for "Wealth Management business"

Global tech wars disrupt $600m market

MICHELLE BALTAZAR  |  WEDNESDAY, 14 NOV 2018
... focused on their retail payments platform Alipay, Ant Financial also has a global digital bank (MYbank), wealth management business (Ant Fortune) and money market fund (Yu'e Bao). The millennials, more than any other demographic segment, stand to benefit ...

CBA to refund dead customers, grandfathered commissions

JAMIE WILLIAMSON  |  TUESDAY, 9 OCT 2018
... commissions charged to clients of Commonwealth Financial Planning. Taking further action to improve its wealth management business, CBA has announced it will be reviewing advice fees charged to deceased estates across all its advice licensees and issuing ...

Netwealth releases adviser toolkit

KANIKA SOOD  |  FRIDAY, 5 OCT 2018
Netwealth has launched a free open-source toolkit that wealth management businesses can leverage for innovation workshops in their offices. The first release focuses on customer experience and journey. The netwealth customer Journey Map workshop puts ...

ClearView breached anti-hawking law 300k times

KARREN VERGARA  |  MONDAY, 10 SEP 2018
The sixth round of the financial services Royal Commission heard ClearView's direct life insurance business breached anti-hawking provisions up to 303,000 times. The figure has ballooned from the 278,664 originally reported to the Commission, according ...

Netwealth doubles market share

DARREN SNYDER  |  MONDAY, 3 SEP 2018
Nearing 12 months since listing on the Australian Securities Exchange, platform provider Netwealth progressed to reporting season with 35.9% income growth and a statutory net profit after tax of $20.8 million. Netwealth's platform revenue for FY18 was ...

GBST Australian revenues dip, UK picks up

KANIKA SOOD  |  TUESDAY, 14 AUG 2018
... administration for wealth management, capital market and retail broking businesses. Its Australian wealth management business revenue for FY18 was down 6% from the previous year, totalling $15.5 million. The segment saw increased costs from "significantly ...

AMP wealth arm leaked $873 million in first half

KANIKA SOOD  |  WEDNESDAY, 8 AUG 2018
... compression from final MySuper transitions, the group said. North platform The biggest inflows for AMP's wealth management business came from its wrap platform North which bought in $2.5 billion of net inflows in the first half. However, when compared ...

AMP moves to reset business

JAMIE WILLIAMSON  |  FRIDAY, 27 JUL 2018
... for the first half of about $500 million. The group said this was as a result of growth across its wealth management business, though is offset by a recent deterioration in experience and one-off capitalised losses in Australian wealth protection. "Today's ...

MLC announces new chief executive

KARREN VERGARA  |  TUESDAY, 17 JUL 2018
... global investment manager Janus Henderson where he was head of Pan-Asia. Thorburn added: "The core MLC wealth management business is strong with great growth prospects and I am confident Geoff will not just assist in a successful transaction but also ...

Wealth firms merge for growth

JAMIE WILLIAMSON  |  MONDAY, 2 JUL 2018
... merger of two Melbourne-based financial services firms has seen the creation of a multi-disciplinary wealth management business. Morrows and MSI Ragg Weir have entered into a strategic merger, with all MSI Ragg Weir employees offered roles within the ...