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CMC Markets buys ANZ Share Investing

ANNABELLE DICKSON  |  FRIDAY, 17 SEP 2021
... will see 500,000 ANZ Share Investing clients with total assets in excess of $45 billion moved over to CMC Markets in the next 12 to 18 months. CMC Markets has powered ANZ's share trading business since 2018 which has generated £39.5 million in net ...

UHNWs see net zero as business opportunity

ELIZABETH MCARTHUR  |  THURSDAY, 16 SEP 2021
... financial commitment to developing countries to finance solutions that could mitigate climate change. "Climate change is the next, and larger, systemic challenge we have to face globally. It is encouraging that leading global wealth holders are seeking ...

ME Bank faces criminal charges

ELIZABETH MCARTHUR  |  WEDNESDAY, 15 SEP 2021
... minimum repayment amounts were changing after their interest-only rate and/or fixed-rate period expired. The matter will next be heard in November. This is the first criminal prosecution under consumer protection provision s12DB of the ASIC Act. In February ...

Advisers embrace technology, lack budget

KARREN VERGARA  |  WEDNESDAY, 15 SEP 2021
... manager (33.3% vs 17.5% overall), a dedicated technology budget (31.1% vs 16.1% overall) and have a technology roadmap for the next 12 months (73.3% vs 55.5% overall). These practices are also evolving their digital experiences in the education and content ...

Managed accounts surpass $100bn

ANNABELLE DICKSON  |  WEDNESDAY, 15 SEP 2021
... the advice market," Potter said. "I see no particular reason why this 20% growth rate shouldn't be maintained over the next two to three years. Managed accounts are now a firmly embedded part of the way in which advice is implemented." Around 48 ...

Verve Super taps investors for $2.6m raise

KANIKA SOOD  |  TUESDAY, 14 SEP 2021
... female leaders in Australia," Schwartz said. Verve Super said its board is committed to reinvesting all profits over the next five years into servicing and growing its membership base. It currently has $180 million in funds under management, on behalf ...

VFMC appoints new chief executive

KANIKA SOOD  |  TUESDAY, 14 SEP 2021
... Gray retires after six years in the role. The Victorian Funds Management Corporation will be headed by Kate Galvin as the next chief executive from October 11. Galvin has an 18 year-long career spanning advice, asset management, private banking and corporate ...

Whitehelm Capital sells to German manager

KANIKA SOOD  |  TUESDAY, 14 SEP 2021
... extensive client base," Whitehelm chief executive Graham Matthews said. The transaction is expected to close in first quarter next year. Whitehelm was advised by Berkshire Global Investors on the sale.

CIMIC wins $1.18bn infra upgrade contract

KANIKA SOOD  |  MONDAY, 13 SEP 2021
... of new and upgraded cycleways and pedestrian paths. The project is expected to take five years to complete starting early next year, subject to design and construction program, according to CIMIC and Transport NSW. "We are pleased to have been entrusted ...

Criminal charges in property investor collapse

ELIZABETH MCARTHUR  |  MONDAY, 13 SEP 2021
... Crime Taskforce (SFCT) investigation into the collapse of the groups and alleged associated phoenix activity. The matter will next be heard in court in November.