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Showing 1711 - 1720 of 4013 results for "Accounts"

Grandfathered commissions: Where to from here?

JAMIE WILLIAMSON  |  WEDNESDAY, 19 DEC 2018
... product providers. Earlier, BT Financial Group announced it will scrap grandfathered commissions on 140,000 customer accounts, taking a $40 million hit to earnings. ANZ is yet to state any changes in their position on the payments, though ANZ has now ...

ASIC permanently bans former Apogee adviser

KARREN VERGARA  |  TUESDAY, 18 DEC 2018
... permanently banned from providing financial advice after ASIC found he illegally took $1.4 million from superannuation accounts. ASIC's investigation of Ahmed Saad found he engaged in dishonest conduct on 164 separate occasions by illegally obtaining ...

Long-serving platform expert jumps ship

JAMIE WILLIAMSON  |  TUESDAY, 18 DEC 2018
... clients, Paul La Macchia is taking on a new challenge at BT Financial Group, another major player in the local managed accounts industry. He has been appointed as NSW distribution manager, BT Open, which was launched earlier this year to provide adviser ...

ASIC sharpens focus on managed accounts

KARREN VERGARA  |  TUESDAY, 18 DEC 2018
ASIC will keep a closer eye on managed accounts in 2019, which will involve scrutinising the financial advice provided in more detail. In its 2018-22 Corporate Plan, the corporate regulator announced a new project reviewing the practices of managed ...

Portfolio implementation delays costing investors

JAMIE WILLIAMSON  |  TUESDAY, 18 DEC 2018
The speedier implementation of portfolio changes enabled by managed accounts can have a significant impact on investors' wealth, latest Lonsec analysis shows. Citing responsiveness as a key benefit of managed accounts, Lonsec measured the hypothetical ...

Former Paradice managers launch LIT

KANIKA SOOD  |  MONDAY, 17 DEC 2018
... crash," Mitchell said. "Steven [Ng, co-founder] and I have all our personal money invested in Ophir's funds and bank accounts, the staff are invested in it and we just want to make sure we have the right structure for long-term returns." Mitchell ...

Super a money laundering target: AUSTRAC

HARRISON WORLEY  |  MONDAY, 17 DEC 2018
... behaviour. AUSTRAC is encouraging funds to monitor the transactions of members, comparing the behaviour of particular accounts with the rest of their member base to determine whether the regulator should be notified of suspicious (and potentially criminal) ...

Copia builds distribution team

KANIKA SOOD  |  THURSDAY, 13 DEC 2018
... work with equities: OC Funds Management is an Aussie small caps manager; Ralton works with Australian equity managed accounts; Veritum Asset Management invests in income-generating equities and Chester Asset Management which is a high conviction equities ...

Responsible investing rises on advice agenda

DARREN SNYDER  |  THURSDAY, 13 DEC 2018
... not involved in selecting individual investments, instead relying on model portfolios, multi-manager funds or managed accounts.

Chief economist update: A prelude to a rate cut?

BENJAMIN ONG  |  FRIDAY, 7 DEC 2018
... and thereby, act as a shock absorber to the global shocks buffeting the domestic economy. The disappointing National Accounts - where GDP slowed to an annual rate of 2.8% in the September quarter (from 3.1% in the previous one) - bears this out with ...