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Showing 2651 - 2660 of 4543 results for "Michael"

St.George merger on track: Kelly

MICHAEL HOBBS  |  FRIDAY, 21 AUG 2009
The latest report from Westpac Group said the merger with St.George Bank is on track and exceeding forecasted revenue and cost targets. At the Westpac Group third quarter update today it noted the merger with St.George is progressing smoothly and on ...

Bassanese opens ETF consultancy

MICHAEL HOBBS  |  FRIDAY, 21 AUG 2009
Economist and AFR columnist David Bassanese is banking on the popularity of exchange traded funds (ETFs) when he set up his new ETF research and consulting business for financial planners and self managed super fund (SMSF) trustees. Bassanese opened ...

AMP FP to move to fee-for-service by June 2010

MICHAEL HOBBS  |  THURSDAY, 20 AUG 2009
AMP chief executive, Craig Dunn, said at the bank's half-year results presentation this morning its financial planning business will move to a "no commission" remuneration model by June next year. Dunn said Craig Meller, managing director at AMP Financial ...

Investors flock to listed property ETFs

MICHAEL HOBBS  |  THURSDAY, 20 AUG 2009
The number of State Street Global Advisors' (SSgA) listed property exchange traded fund (ETF) units on issue has nearly quadrupled in 18 months. The number SPDR S&P/ASX 200 Listed Property Fund ETF units rose from just over five million to a touch under ...

Market Wrap - Midday

MICHAEL HOBBS  |  WEDNESDAY, 19 AUG 2009
The Australian sharemarket was higher at noon, led by the resources and energy sectors. At 1200 AEST, the benchmark S&P/ASX200 was up 31.5 points, or 0.72 per cent, at 4413.1, while the broader All Ordinaries had gained 37.1 points, or 0.85 per cent ...

Van Eyk resigns as executive chair

MICHAEL HOBBS  |  WEDNESDAY, 19 AUG 2009
Stephen van Eyk, founding director of the company named after him, van Eyk Research, has resigned as executive chair. A statement from the firm said van Eyk resigned for personal reasons. He remains a significant shareholder in the company and will ...

Fundies and analysts target IT sector

MICHAEL HOBBS  |  WEDNESDAY, 19 AUG 2009
Locally listed IT firms are catching the eye of stock analysts and high conviction fund managers as technology-related goods and services move from being a discretionary spend to a "must have" for today's consumers and businesses. Elio D'Amato, chief ...

Gen Y have unrealistic investment expectations: research

MICHAEL HOBBS  |  TUESDAY, 18 AUG 2009
Gen-Y investors expect double-digit returns despite the fact that, on average, they hold a third of their investments in cash and are highly risk-averse, research shows. The RaboPlus sponsored data compiled by Celsius Research surveyed investors with ...

Active members can cause asset allocation headache

MICHAEL HOBBS  |  MONDAY, 17 AUG 2009
Financial literacy and a push for more Australians to be engaged with superannuation will have a profound effect on super fund asset allocations, said one industry body. Speaking at an Australian Institute of Superannuation Trustees (AIST) event, David ...

Westpac FP maintains focus on senior planners

MICHAEL HOBBS  |  MONDAY, 17 AUG 2009
Westpac's financial planning division is running behind its aspirational target to recruit 200 senior financial planners over three years. Despite this setback, the group has no plans to change its umbrella strategy. Westpac Financial Planning's three ...