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Showing 251 - 260 of 621 results for "Discretionary"

BetaShares launches new active ETF

KANIKA SOOD  |  WEDNESDAY, 12 JUN 2019
... Taiwan (10.9%), India (10.5%) and by sector are in financials (26.7%), information technology (23.6%), consumer discretionary (19.4%). EMMG's management costs are 1% per annum. Legg Mason managing director, Australia and New Zealand Andy Sowerby said ...

Melbourne advisory launches MDA

HARRISON WORLEY  |  THURSDAY, 30 MAY 2019
Third-party managed discretionary account provider Philo Capital Advisers launched an MDA service with a Melbourne-based advisory. Strategic Wealth linked with Philo Capital Advisers to implement an MDA service featuring BT Panorama, investment consulting ...

ASIC bans Gold Coast adviser

ELIZABETH MCARTHUR  |  TUESDAY, 23 APR 2019
... services for six years. ASIC found that Rodney Peters represented to clients that he had authority to engage in discretionary trading when this was not the case. Peters was previously a director of Australian Share Registry (ASR) - and both he and ASR ...

Platform provider wins mandate

KANIKA SOOD  |  WEDNESDAY, 10 APR 2019
An ASX-listed platform provider has won a mandate from a wealth firm for a new managed discretionary account service. Managed Accounts Holdings will work with First Point Wealth Management to set up an MDA service. The move comes as First Point Wealth ...

ASIC approves AMP for MDAs

HARRISON WORLEY  |  TUESDAY, 9 APR 2019
ASIC granted AMP Financial Planning approval to deal in managed discretionary accounts. ASIC said it imposed additional license conditions on AMP Financial Planning as a result of approving AMPFP's application to vary its license to provide MDAs. ...

MGP looks inward for new leaders

HARRISON WORLEY  |  FRIDAY, 5 APR 2019
... information technology, and is now responsible for IT across the firm, after most recently running IT within MGP's managed discretionary account arm. Finally, Luke Peterson will move into a relationship manager role in the firm's distribution team on ...

AMP overhauls wealth leadership

ELIZABETH MCARTHUR, JAMIE WILLIAMSON  |  THURSDAY, 4 APR 2019
... the AMP Financial Planning's AFSL. ASIC granted AMPFP's application to vary its AFS licence to provide managed discretionary account (MDA) services after which time ASIC conducted surveillance of AMPFP's MDA services and advice business. This involved ...

Investors stick with managed accounts despite volatility

HARRISON WORLEY  |  THURSDAY, 14 MAR 2019
... advisers to their clients." Total funds within managed account structures now stands at $62.12 billion, with managed discretionary accounts taking up the bulk of FUM at $26.52 billion, despite decreasing by around $820 million over the second half of ...

Platform rebrands for next phase

JAMIE WILLIAMSON  |  TUESDAY, 12 MAR 2019
... Wealth said it will shortly launch both a superannuation and non-super Wrap solution, which will add to its suite of discretionary and non-discretionary, custodial and non-custodial, self-managed and adviser-managed portfolios. "As business and industry ...

ASIC terminates managed accounts provider AFSL

KARREN VERGARA  |  FRIDAY, 1 FEB 2019
... Capital Partners and banned one of its directors. An ASIC investigation of Sydney-based Jade Capital, a managed discretionary account provider specialising in trading services and advice, uncovered widespread non-compliance practices. Jade Capital advertised ...