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BT Financial Group merges wealth businesses

JAMIE WILLIAMSON  |  THURSDAY, 5 OCT 2017
BT Financial Group has consolidated its financial advice and private wealth divisions, removing the general manager of advice role. BTFG's existing client-facing advice and private wealth businesses will now work together as the newly created Advice ...

J.P. Morgan remains largest custodian

DARREN SNYDER  |  WEDNESDAY, 4 OCT 2017
... market with $641 billion in assets under custody as at 30 June 17. This is a title it has held since 2016. Rounding out the top five custodians are NAB Asset Servicing ($534bn), BNP Paribas ($510bn), State Street ($434bn) and Citigroup ($419bn). Statistics ...

Millennial super fund creates advisory board

ALEX BURKE  |  WEDNESDAY, 4 OCT 2017
... world is going, not where it's been. We think your wealth can grow even more significantly if we invest it in the world's top companies." Spaceship is currently on the lookout for an investment manager to, as per the job description, "create and evolve ...

FPA celebrates World Financial Planning Day

KARREN VERGARA  |  WEDNESDAY, 4 OCT 2017
The Financial Planning Association of Australia (FPA) is today helping celebrate World Financial Planning Day by raising awareness about the importance of investor education and protection. FPA chief executive Dante De Gori said the initiative will ...

Less than half pass CFA exam

KARREN VERGARA  |  TUESDAY, 3 OCT 2017
... majority (83%) of CFA members are male. Data from the CFA Institute also shows the four major banks and Macquarie Group to be the top CFA employers in Australia. The Commonwealth Bank of Australia employs the largest group of CFAs (124), followed by ...

AMP Capital invests in US telecoms giant

JAMIE WILLIAMSON  |  TUESDAY, 3 OCT 2017
... its future M&A activity, and highlights AMP Capital's ability to structure bespoke solutions that are valued by some of the top infrastructure companies in the region," he said. Trears added that AMP Capital attracted a number of new clients for the ...

BigTech: The next frontier for high-net-worth investors

EMMA RAPAPORT  |  FRIDAY, 29 SEP 2017
... has also been expanded to the UK, allowing shoppers to load between £5 and £250 into their Amazon UK account in a single top-up transaction.

Emerging infrastructure funds struggling: Report

KARREN VERGARA  |  THURSDAY, 28 SEP 2017
... US-based Stonepeak Infrastructure Partners II fund topped the list; while China's Nanjing Municipal Government fund rounded the top three. In 2013, the sector raised US $15.7 billion in aggregate capital, and as many as 50 emerging infrastructure funds ...

ASIC adds life insurance to school curriculums

KARREN VERGARA AND JAMIE WILLIAMSON  |  THURSDAY, 28 SEP 2017
ASIC is ramping up its financial literacy initiatives that plans to incorporate life insurance in curriculums across primary and secondary schools. Already the regulator is undertaking an extensive program with state and territory governments to train ...

Security top of mind for investors seeking advice

JAMIE WILLIAMSON  |  THURSDAY, 28 SEP 2017
... with only 14% naming investment returns. A further 20% of investors ranked their progress toward achieving their goals as the top benefit, with Butler adding that advisers aid those goals by setting the right expectations. "When investors work with an ...