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Queensland bank sells planning business

DARREN SNYDER  |  MONDAY, 19 DEC 2016
... group Bridges Financial Services. According to Rainmaker Information, the deal will potentially see Bridges climb inside the top 13 planning firms nationally in terms of funds under advice. Bridges had $9.9 billion in FUA as at November 2016, servicing ...

Financial Standard appoints editor, unveils new website

STAFF WRITER  |  FRIDAY, 16 DEC 2016
... New Year, the first of several changes at the wealth management publication. Deputy editor Darren Snyder will step into the top role on 3 January, succeeding Mark Smith who departed in October. Coinciding with Snyder's appointment, the editorial team ...

Economic Wrap

BENJAMIN ONG  |  WEDNESDAY, 14 DEC 2016
... 94.9 in October. The latest figure is the highest reading since December 2014's reading of 100.3 and higher than even the top range of expectations (94.9 - 97.0). Eight out of the 10 components of the survey registered increases in November led by economic ...

Canadian pension fund enters AMP Capital property portfolio

DARREN SNYDER  |  TUESDAY, 13 DEC 2016
... estate investments - Asia, Jimmy Phua, said: "This is a rare opportunity to acquire a diversified portfolio that includes top-tier office and retail properties in New Zealand, a market with continuing population and tourism growth." The New Zealand property ...

Secure your seat at Chief Economists Forum

DARREN SNYDER  |  TUESDAY, 13 DEC 2016
... ever since the financial crisis: extrapolation ruled," Baur said in his latest economic insight. "Putting fiscal stimulus on top of already healthier growth expectations changed the narrative. The new version includes more inflation, faster growth, and ...

SMSFs continue hunt for information

JAMIE WILLIAMSON  |  FRIDAY, 9 DEC 2016
Self-managed super fund trustees are increasingly turning to online resources to access information on investment, regulatory changes and diversification methods. New statistics released by AMP Capital show the number of members of the wealth management ...

New chair for National Seniors

JAMIE WILLIAMSON  |  FRIDAY, 9 DEC 2016
National Seniors Australia is welcoming its new chairman. Chris Guille has been named in the top role, having served as a board director since June 2012. Guille has more than 30 years' experience in banking, trustee services and investment advice and ...

Hedge funds lack confidence in data security

JAMIE WILLIAMSON  |  THURSDAY, 8 DEC 2016
... and so cyber security should be a standing item on all board meeting agendas," Sandhu said. The study also highlighted the top reasons identified by hedge fund managers for investing in innovation, with 90% of respondents saying the improvement of controls ...

Small caps and corporate activity drive LIC performance

KERRIE SYDEE  |  WEDNESDAY, 7 DEC 2016
... by a couple of outliers that delivered negative returns. Of the LICs that we cover, Contango MicroCap (CTN) remains at the top of the table with a 12 month portfolio return of 24.2%," he said. "While the short-term outlook for some of the large cap sectors ...

Russell signs deal with top China manager

ALEX BURKE  |  TUESDAY, 6 DEC 2016
Russell Investments has entered into a partnership with China's largest fund manager. China Asset Management (ChinaAMC), which manages nearly $200 billion in assets, will advertise Russell's global multi-asset and multi-sector solutions to its institutional ...