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Showing 1941 - 1950 of 10701 results for "May 2012"

Brookfield mulls spinning off AM business

JAMIE WILLIAMSON  |  FRIDAY, 11 FEB 2022
Brookfield is considering its future, saying it may look to spin off its asset management business into a separate public company. In a letter to shareholders, Brookfield Asset Management chief executive Bruce Flatt said the firm is weighing whether ...

Hostplus hits members with new fee

ELIZABETH MCARTHUR  |  THURSDAY, 10 FEB 2022
Hostplus introduced a new trustee fee, after receiving Supreme Court approval to apply the fee to create emergency reserves. The amount will vary based on members' balances, but a Hostplus member with $50,000 in savings can expect to be charged an extra ...

AFA responds to Quality of Advice Review

KARREN VERGARA  |  THURSDAY, 10 FEB 2022
The Association of Financial Advisers hopes that the upcoming industry review will listen to the voices of clients and overhaul the advice process. In its submission to the draft terms of reference for the Quality of Advice Review, the AFA is calling ...

Class chief exits following takeover

KARREN VERGARA  |  TUESDAY, 8 FEB 2022
The chief executive of Class will exit this month as HUB24 folds its newly acquired firm into a new business unit. Chief executive and managing director Andrew Russell is stepping down on February 16 and will remain an adviser until March 31. HUB24 ...

Acquisitions bolster Kelly Partners results

KARREN VERGARA  |  MONDAY, 7 FEB 2022
Several acquisitions bolstered the performance of Kelly Partners in the six months to December, the latest financial results show. The ASX-listed group saw a 25% increase in revenue to $30.9 million, thanks to its acquisition spree which contributed ...

RI Advice slapped with $6m penalty

KARREN VERGARA  |  FRIDAY, 4 FEB 2022
RI Advice was slapped with a $6 million penalty for failing to keep tabs on a representative who invested clients' money in risky and complex financial products. The Federal Court found that RI Advice failed to take the appropriate steps to ensure ...

Pinnacle folds boutique

KARREN VERGARA  |  THURSDAY, 3 FEB 2022
Pinnacle Investment Management shuttered one of its affiliates just two years after it acquired a stake. Reminiscent Capital, a discretionary Asian macro strategy, folded in November 2021, resulting in a $1.8 million write off. Pinnacle hoped that Reminiscent ...

Economists expect a rate rise: Finder

CHLOE WALKER  |  MONDAY, 31 JAN 2022
Finder's RBA cash rate survey reveals 58% of economists expects a rate rise in 2022. In this month's survey, 36 experts and economists weighed in on future cash rate moves and other issues relating to the state of the economy. While almost all ...

Quality of Advice must consider digital: Ignition

ELIZABETH MCARTHUR  |  MONDAY, 31 JAN 2022
Ignition Advice senior adviser Andrew Baker has argued the government's Quality of Financial Advice Review must consider digital advice. In the terms of reference for the Quality of Advice Review, Treasury said it will "consider how the regulatory framework ...

Packhorse secures premium pastoral land

CHLOE WALKER  |  FRIDAY, 28 JAN 2022
Packhorse Pastoral Company (Packhorse) has acquired 8654 hectares of premium pastoral land north of Inverell, New South Wales. The Ottley Station acquisition will be the first New South Wales property to be included in Packhorse Pastoral Company's portfolio ...