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Showing 201 - 210 of 927 results for "half-year"

Challenger boutique winds up

KANIKA SOOD  |  TUESDAY, 11 FEB 2020
... Fidante was announced in February last year, with Fidante taking over the distribution and marketing of the firm. In its half year results released today, Challenger said FME Asset Management closed last year. As a result, Challenger wrote off $9 million ...

Praemium expanding in UK, growing managed accounts

ELIZABETH MCARTHUR  |  MONDAY, 10 FEB 2020
... administering those portfolios on behalf of financial advice firms. Global FUA for the platform surpassed $20 billion in the half year ending 31 December 2019. The UK business enjoyed net revenue growth after product commissions of 7% with platform revenue ...

AMP to pay $5m for churn

JAMIE WILLIAMSON  |  WEDNESDAY, 5 FEB 2020
The Federal Court has ordered AMP to pay $5.175 million for failing to ensure its financial advisers complied with the best interests duty by engaging in insurance churn. In a case brought in June 2018, ASIC alleged that a number of AMP Financial Planning ...

BlackRock appoints new chief operating officer

ELIZABETH MCARTHUR  |  THURSDAY, 30 JAN 2020
BlackRock Australia has appointed a new chief operating officer and created a new head of public policy role. BlackRock has confirmed Shane Flatman is vacating the role of chief operating officer of the Australian business. He has held the position ...

Franklin Templeton veteran readies two funds

KANIKA SOOD  |  MONDAY, 13 JAN 2020
A global equities boutique launched by a Franklin Templeton veteran is getting ready to pitch two new Aussie-domiciled funds to private wealth firms and wholesale clients down under. Bahamas-based Holowesko Partners is aiming to launch in the next two ...

Ellerston hires from Colonial First State

KANIKA SOOD  |  WEDNESDAY, 8 JAN 2020
The Sydney boutique has hired from Colonial First State to appoint its lead for key accounts and research relationships. Lisa Rose joined Ellerston Capital as its head of key accounts and research relationships in December. In her most recent role ...

Chief economist update: Three cheers for Christmas

BENJAMIN ONG  |  MONDAY, 16 DEC 2019
... change in interest rates in 2020 and the other four expecting a rate HIKE next year. Next stop, Brexit. The three and half year uncertainty that is the United Kingdom's divorce from the European Union has become less uncertain following the Conservative ...

Pinnacle buys stake in Coolabah

KANIKA SOOD  |  THURSDAY, 12 DEC 2019
Pinnacle Investment Management has bought a 25% stake in Christopher Joye's credit boutique in a transaction that values it north of $116 million. Pinnacle is paying $29.1 million for the interest. An extra $5 million is subject to the Coolabah ...

FASEA adds adviser representative to board

JAMIE WILLIAMSON  |  TUESDAY, 10 DEC 2019
A replacement financial adviser representative director has been appointed to the FASEA board three months after the resignation of CountPlus chief executive Matthew Rowe. Hamilton Wealth managing director Will Hamilton has been appointed as a part-time ...

Dealer group lead to depart

JAMIE WILLIAMSON  |  FRIDAY, 22 NOV 2019
The head of an IOOF-aligned dealer group will depart the business next week. Elders Financial Planning (EFP) has confirmed the resignation of Tony Beaven who has opted to return home to the United Kingdom. His departure, effective November 28, will ...