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| | | Melbourne's surrounding suburbs are home to Australia's highest spending retirees, Milliman analysis shows. Retirees living in the wealthy enclaves of Armadale, Prahran, Windsor, South Yarra East and Toorak or Stonnington West spend $56,711 per year ... |
| | | | Yesterday's European Central Bank's (ECB) Governing Council meeting would have been a big ho-hum were it not for some minor, albeit significant, tweaks in the bank's outlook. As expected, the ECB left interest rates unchanged - the benchmark ... |
| | | | The Australian ETF industry swelled by 3.7% in August, adding $1.5 billion, according to BetaShares. Two thirds of these gains were delivered by asset appreciation, particularly in US shares, while a third ($550 million) came from new net inflows. Of ... |
| | | | The boutique launched by former Macquarie stock pickers under Pinnacle's banner in May is set to kick off an initial public offer, raising up to $304.5 million for an absolute return LIC. Firetrail Investments lodged a prospectus with ASIC on Tuesday ... |
| | | | ... 2019," Kewin said. With the institutions having served as somewhat of a nurturing ground for new advisers over the years, the big question now is where a sustainable stream of new advisers is going to start. "We know that the professional standards journey ... |
| | | | What multiple will financial advice businesses sell at five years from now, and could implementing managed accounts boost their acquisition value? That's a question that Managed Accounts Holdings head of distribution and marketing Tony Nejasmic sparked ... |
| | | | Japan's economy grew 0.7% in the June quarter after contracting 0.2% in the March quarter. This is stronger than the Cabinet Office's preliminary estimate of 0.5% and is the fastest growth rate since the first quarter of last year (0.7%). This ... |
| | | | ... he said. Speaking at the Financial Standard ETF Forum in Sydney yesterday, Shead said he doesn't expect ETFs to play a big part in the new retirement income products developed at superannuation funds. However, they could play a part in advice-based ... |
| | | | ... the fallout from the financial services Royal Commission is expected to result in a continued movement of advisers from the big banks to non-aligned advisory firms. As an independent platform and administration provider, MGP is well positioned to take ... |
| | | | ... here to stay, it will take time to cement itself. The digitally-savvy next generation will embrace an automated service and big banks should capitalize on this. However, a big brand is not enough to justify much higher fees," Woldemichael said. To succeed ... |
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