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Showing 251 - 260 of 485 results for Melanie Timbrell

BT: Focus on Count disproportionate

MELANIE TIMBRELL  |  WEDNESDAY, 30 MAY 2012
The focus on Count practices that have moved to BT ignores larger market issues, according to BT Financial's Mark Spiers, which in the last 12 months have prompted a total of 34 practices to shift to BT dealer groups. Moving to quash rumours of practices ...

Direct super platform targets SMSF exodus

MELANIE TIMBRELL  |  WEDNESDAY, 30 MAY 2012
The rise of the self-managed super fund and an increased desire among members for control over funds has led UBS and FNZ Australia to develop a platform that allows large super funds to provide direct investment services. "It means if you are a member ...

NAB winds up private equity arm

MELANIE TIMBRELL  |  TUESDAY, 29 MAY 2012
National Australia Bank is closing its Integrated Capital Solutions private equity investment division. "NAB is discontinuing making further investments via Integrated Capital Solutions and is letting the existing portfolio of Investments run their ...

Lazard faces losses on Hastie collapse

MELANIE TIMBRELL  |  TUESDAY, 29 MAY 2012
Private equity firm Lazard is among the Hastie Group creditors facing potential losses, after the engineering firm yesterday entered voluntary administration and operations were suspended. Lazard invested in the firm last year as part of a $160 million ...

Wilson HTM appoints new head of private wealth

MELANIE TIMBRELL  |  TUESDAY, 29 MAY 2012
Wilson HTM Investment Group has appointed former JBWere managing director Brad Gale as new head of private wealth, tasked with growing the business division's reach. "Obviously Brad is a highly credentialed and experienced guy with a unique perspective ...

Equipsuper pulls plug on Vision merger

MELANIE TIMBRELL  |  MONDAY, 28 MAY 2012
The board of Equipsuper has voted unanimously to withdraw from its planned merger with Vision Super. Equipsuper has cited differences at Board level on the investment model to be employed as the motive behind the decision, although integration of the ...

Coalition clears up FOFA questions

MELANIE TIMBRELL  |  MONDAY, 28 MAY 2012
With FOFA legislation due for debate in the Senate next month, the Opposition's spokesperson on Financial Services has provided details on what FOFA would look like under a coalition government. Speaking at an Association of Financial Advisers Budget ...

FOFA disadvantages early move on fee-for-service

MELANIE TIMBRELL  |  FRIDAY, 25 MAY 2012
Draft regulation released on grandfathering and conflicted remuneration this week, may disadvantage advisers who have already moved to a fee-for-service model in line with the new FOFA regime. Dante De Gori, general manager policy and government relations ...

Managers confident on value as China PMI contracts

MELANIE TIMBRELL  |  FRIDAY, 25 MAY 2012
The latest figures on Chinese manufacturing show a contraction for the seventh consecutive month, although investment managers remain confident. HSBC's purchasing managers index (PMI) yesterday indicated factory output fell from 49.3 in April to 48.7 ...

Sign on fees creating dealer group controversy

MELANIE TIMBRELL  |  THURSDAY, 24 MAY 2012
Selected sign on payments create a culture of haves and have-nots, according to Count chief David Lane, responding to rumours of fees in excess of $500,000 being paid to some adviser practices by other dealer groups. "At Count, we do not believe in ...