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Showing 2581 - 2590 of 8182 results for "Institutional"

Accountant banned for bad SMSF advice

HARRISON WORLEY  |  TUESDAY, 19 FEB 2019
A Gold Coast accountant has been banned from providing financial services for three years, after agreeing to a court enforceable undertaking with ASIC. Jenan Oslem Thorne - who also goes by the names Cenan Thorne or Cenan Dikmen - was found by the corporate ...

Family office backs new boutique

KANIKA SOOD  |  TUESDAY, 19 FEB 2019
... sector, country and market-caps. It's expected to launch in April to June this year. The fund will initially target institutional and wholesale investors including family offices and HNWs from Australia, Asia and Europe. Alan and Carl Schwartz's family ...

AUM growth subdued to 2025: Bloomberg

KARREN VERGARA  |  TUESDAY, 19 FEB 2019
... (to reduce stock-specific risk) allowing more quant-based thematically-driven investment strategies. The survey of institutional and alternative fund managers, and private wealth managers based in Europe, Americas and APAC was conducted in partnership ...

Pay super fortnightly: ISA

HARRISON WORLEY  |  TUESDAY, 19 FEB 2019
The industry superannuation peak body believes retirement savers are losing millions in interest due to quarterly super contributions. Industry Super Australia is calling for changes to the laws governing superannuation contributions in Australia, arguing ...

CAER sold to global service provider

HARRISON WORLEY  |  TUESDAY, 19 FEB 2019
... CAER has been acquired by an international consultancy which specialises in governance and responsible investment. Institutional Shareholder Services (ISS) announced its acquisition of the Canberra-based Centre for Australian Ethical Research (CAER) ...

Netwealth to benefit from RC fallout

HARRISON WORLEY  |  MONDAY, 18 FEB 2019
The Royal Commission might have been harsh on some financial services providers, but Netwealth said it's poised to benefit. Informing the market of its half-yearly financial performance this morning, the platform provider said strong flows towards ...

ASIC appeals Westpac Federal Court decision

JAMIE WILLIAMSON  |  MONDAY, 18 FEB 2019
The corporate regulator is appealing last year's landmark Federal Court decision, determined to prove two Westpac subsidiaries provided personal financial advice despite not being licensed to do so. In December 2018, Justice Jacqueline Gleeson determined ...

Super account consolidation to hurt AMP

HARRISON WORLEY  |  MONDAY, 18 FEB 2019
AMP will take a $30m hit to the hip pocket if it is forced to send 370,000 low balance super accounts to the ATO. Following the Senate passage of the Government's centerpiece superannuation legislation late last week, AMP informed the market it would ...

Zurich awards $100m passive mandate

KANIKA SOOD  |  MONDAY, 18 FEB 2019
A global asset manager has won a mandate to invest $100 million in ASX-listed equities for Zurich Group's Australian investment management arm. DWS will invest in a passively-managed portfolio of Australian stocks for Zurich Investment Management. Zurich's ...

Industry funds wary of stapling default members

KANIKA SOOD  |  FRIDAY, 15 FEB 2019
Kenneth Hayne's recommendation that every Australian have only one default superannuation account over their lifetime doesn't get a complete green tick from industry funds. Visiting Sydney yesterday, Industry Super Australia chief executive Bernie Dean ...