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Showing 1921 - 1930 of 6679 results for "Sale"

SMSF investments reach far and wide

HARRISON WORLEY  |  MONDAY, 4 FEB 2019
Seeking diversification, self-managed superannuation funds are pushing more retirement funds into assets such as marina berths and indigenous artworks. Latest research from SuperConcepts reveals the big ticket items held within SMSFs. Gold and silver ...

Outflows dent IOOF advice, funds businesses

KARREN VERGARA  |  MONDAY, 4 FEB 2019
... comprising RI Advice, Millennium3, Financial Services Partners and Elders Financial Planning dealer groups - in October 2017. The sale of ANZ's pensions and investments business however is taking longer than anticipated as a result of APRA taking ...

QIC appoints managing director

KANIKA SOOD  |  MONDAY, 4 FEB 2019
... all the best in his new appointment." "He led a significant reposition of Vicinity's real estate portfolio including the sale of $2.5 billion of assets and the Sydney CBD/Chatswood Chase Sydney asset swap transaction with GIC," Kelley said in company ...

Link sells a slice of $1.5 billion acquisition

KANIKA SOOD  |  FRIDAY, 1 FEB 2019
... services. It catered to Link's UK and Europe clients and generated about $78 million in revenue[DS1] [DS2]. After the sale, the LAS business will retain three operation areas: corporate markets, funds solutions, banking and credit management (which ...

Vertical integration changes to reshape personal wealth

DARREN SNYDER  |  WEDNESDAY, 30 JAN 2019
A forecast of trends influencing banking over the next 12 months cites vertically integrated business models continuing to give way to platform and marketplace-driven banking. Infosys Finacle recently released its annual banking trends forecast for ...

Ponzi scheme fined $1.4bn

KANIKA SOOD  |  WEDNESDAY, 30 JAN 2019
A Ponzi scheme that allegedly duped 8400 retail investors in the US has been ordered to pay US$1 billion in penalties and disgorgement. Woodbridge Group of Companies LLC and its former owner and chief executive Robert H. Shapiro lured retail investors ...

Aussie equities trading volume jumps at Liquidnet

KANIKA SOOD  |  TUESDAY, 29 JAN 2019
Global and Aussie asset managers traded about $12 billion in Australian equities on Liquidnet's network in 2018, swelling 20% over the previous year. The increased volumes were a result of Australian members of the network using more algo trading ...

MLC drops wrap and super admin fees

DARREN SNYDER  |  TUESDAY, 29 JAN 2019
... at a time when Lloyd is tasked with separating MLC from NAB, readying it for a demerger, initial public offering or trade sale in 2019. "Since joining MLC Wealth in September, I have been working with my leadership team to modernise and improve our business ...

AMP profits nose dive, dividends hit

KANIKA SOOD  |  FRIDAY, 25 JAN 2019
... New Zealand wealth management and advice) and a net operating loss of around $105 million from the businesses subject to a sale agreement with Resolution Life (Australia and New Zealand wealth protection and mature)," it said in a statement. For FY19 ...

Franklin Templeton appoints head of retail

HARRISON WORLEY  |  FRIDAY, 25 JAN 2019
A former AMP Capital head of retail business is linking with Franklin Templeton to lead its retail efforts in Australia. Manuel Damianakis will join the global firm with a remit to drive its retail strategy and ensure financial advisers in Australia ...