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Showing 2861 - 2870 of 9279 results for "wealth"

Emotions lead to losses: Oxford Risk

ANNABELLE DICKSON  |  TUESDAY, 10 NOV 2020
... expenses, then the losses are only virtual... until they panic and make them real," he said. As a result, Oxford Risk believes wealth managers and advisers do not have the right tools to assist clients through their emotions. Oxford Risk head of behavioural ...

Macquarie profits slide 32%

KANIKA SOOD  |  FRIDAY, 6 NOV 2020
... offset by sale of Macquarie Rail in the period. The banking and financial services business, which includes platform and wealth and bring in 14% of net profit, was hit by margin compression on deposits, increased credit impairment charges and cost to ...

Ord Minnett acquires E.L. & C. Baillieu

ELIZA BAVIN  |  FRIDAY, 6 NOV 2020
... Announced yesterday, Ord Minnett said the acquisition will strengthen it as one of Australia's largest, independent private wealth firms. "We felt this acquisition was a strong strategic and cultural fit with Ord Minnett," Ord Minnett chief executive ...

Citi expands fixed income offering for wholesale

KANIKA SOOD  |  THURSDAY, 5 NOV 2020
... real value, as they sit somewhere in between equities and traditional bonds on the risk curve," Citi Australia head of wealth management product Marcus Christoe said. "Access to hybrids is a problem for Australian investors to date, with our limited ...

IOOF unfazed by poor MLC result

ELIZA BAVIN  |  THURSDAY, 5 NOV 2020
NAB posted a 37% loss in revenue while MLC Wealth was down around $100 million in divisional cash earnings from last year, though IOOF said the result is broadly in line with its expectations. IOOF is set to acquire 100% of MLC Wealth from NAB for $1.4 ...

Iress delivers on advice, super

ELIZA BAVIN  |  THURSDAY, 5 NOV 2020
... progressing well and on track for delivery in the first half of 2021. Iress said it is also on track to deliver private wealth software to JB Were. "We have delivered over 500 client conversions to Xplan this year and two mortgage clients went live in ...

More good news for Xplore

ELIZABETH MCARTHUR  |  WEDNESDAY, 4 NOV 2020
After HUB24 announced its plans to acquire Xplore Wealth last week, the platform has had a pleasant $1.18 million windfall. Xplore has previously notified the market that AusIndustry had disallowed a $1.18 million research and development claim. The ...

Former Socceroo joins Crescent Foundation board

ANNABELLE DICKSON  |  WEDNESDAY, 4 NOV 2020
The non-profit organisation backed by Islamic superannuation fund Crescent Wealth has appointed a former Socceroo player to its board. Craig Foster played for the Socceroos for four years and was chief football analyst at SBS for 18 years. In addition ...

The platforms with the most advisers

KANIKA SOOD  |  TUESDAY, 3 NOV 2020
Colonial FirstChoice remains the platform used by the most advisers, with about 11% market share, according to latest Rainmaker estimates. CBA's platform is used by 9835 advisers and 1085 Australian financial services licence. It is followed by ...

Perpetual rejigs WealthFocus fees

KANIKA SOOD  |  TUESDAY, 3 NOV 2020
Perpetual is set to lower the fees for over 40 funds on its WealthFocus platform, including internal and external products. Effective December 1, it is changing fee structures for nearly 46 funds, lowering management fees and ending normal expense recoveries. ...