Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1641 - 1650 of 3465 results for "Stake"

Platform acquisition boosts Bell Financial results

KARREN VERGARA  |  THURSDAY, 21 FEB 2019
... (TPP), raising its ownership from 56.63% to 100% in July last year. It paid about $36.9 million to acquire the remaining stake. TPP is the online broking platform is used by retail clients (Bell Direct) and financial planners and institutions (Desktop ...

Futuro ends AMP alignment

JAMIE WILLIAMSON  |  THURSDAY, 21 FEB 2019
... Financial Services has ended its partnership with AMP after seven years, becoming 100% privately-owned again. AMP acquired a 10% stake in Futuro in 2012 with the intention of taking full ownership by 2017. However, both parties agreed to end the ownership ...

Family office backs new boutique

KANIKA SOOD  |  TUESDAY, 19 FEB 2019
... Europe. Alan and Carl Schwartz's family office Trawalla is a significant investor in the inaugural fund and has also taken a stake in the wider business. Stonehorn is Trawalla Capital's third portfolio company after real estate manager Qualitas and growth ...

QIC adds to global infrastructure team

KANIKA SOOD  |  THURSDAY, 14 FEB 2019
QIC's $11 billion global infrastructure business has hired two investment managers, taking its total team to 43 employees. Selina Sugiarto joined QIC's London office as an infrastructure investment manager earlier this year. She was most recently ...

Perfect storm smashes AMP

HARRISON WORLEY  |  THURSDAY, 14 FEB 2019
AMP suffered a 97% profit drop in 2018 and it's flagging a reshaped financial advice network into 2019. AMP recorded statutory net profit of $28 million last year, but the result is worth 3% of its 2017 full-year profit of $848 million. Discussing ...

Challenger adds new boutique

KANIKA SOOD  |  WEDNESDAY, 13 FEB 2019
Challenger's multi-boutique asset management business has taken a minority stake in a new alternatives manager. Fidante Partners will take over the distribution and marketing of London-based FME Asset Management (Financial Markets Engineering), in line ...

Government moves on Royal Commission super recommendations

HARRISON WORLEY  |  WEDNESDAY, 13 FEB 2019
The Federal Government has amended the SIS Act and some of its superannuation bills to include recommendations made in the Royal Commission's final report. Superannuation fund trustees are set to be banned from treating employers in efforts to be ...

FASEA confirms code of ethics standard

HARRISON WORLEY  |  TUESDAY, 12 FEB 2019
Following a period of consultation, the code of ethics set to govern the behaviour of financial planners and advisers from next year has been confirmed. On Monday, FASEA released the legislative instrument and explanatory statement of its code of ethics ...

ASIC gears up for Brexit

KANIKA SOOD  |  MONDAY, 11 FEB 2019
ASIC is liaising with the UK corporate regulator, Bank of England and local stakeholders to prepare for Brexit's impact, it said in a statement. ASIC said it will enter into new memorandums of understanding (MoU) with the UK's Financial Conduct Authority ...

Hayne report raises professionalism stakes

JAMIE WILLIAMSON  |  MONDAY, 11 FEB 2019
Financial advisers could face the same rigid license registration requirements as doctors and lawyers if the Royal Commission's recommendations on compliance and further education in the industry become law. Commissioner Kenneth Hayne is calling ...