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| | | Lazard has promoted current chief executive of financial advisory Peter R. Orszag to the role of chief executive, while former chief executive and chair Kenneth M. Jacobs will step into the role of executive chair of the board. Orszag has served as ... |
| | | | Richard Large has been appointed to the role of chief technology officer and will join Praemium's executive team immediately. He will be responsible for developing and executing the company's technology strategy and ensuring it remains at the ... |
| | | | Rich Australians who possess $1.9 million on average make up nearly two thirds of total household wealth, a new study finds. A new paper from the Actuaries Institute, Not a level playing field, examined the wealthiest and poorest 20% of the population ... |
| | | | The regulator issued a permanent ban to the director of Melbourne's Skynet Financial Services for stealing his clients' retirement savings to fund a lavish lifestyle and pay personal debts. Between 2013 and 2017, Terence Rio Nugara advised clients to ... |
| | | | ... Management injected $3 million to help with expansion plans and in September, it received an undisclosed amount from investor Ric Edelman. In March, Lumiant closed another seed funding round totaling $5.2 million. |
| | | | The tax office issued a fresh warning to the rich who use self-managed superannuation funds as a vehicle for dodging tax and those who illegally access their retirement savings early. Of the total SMSFs in existence, 25% are operated by private wealth ... |
| | | | Financial planning tech firm DASH has added a chief operating officer and an experienced superannuation specialist, recruiting ANZ's head of wealth customer resolution and the executive general manager of Equity Trustees' super trustee office. Following ... |
| | | | New data from the Australia Institute indicates middle-income earners receive just 7% of economic growth per person since 2009, while the top 10% keep getting richer. The data, taken from the World Inequality Database (WID) that shows real national ... |
| | | | These are just some of the recommendations from Grattan Institute ahead of the federal budget, which also include counting more of the family home in the aged pension assets and residential aged care means tests. With Australia on course for 25 straight ... |
| | | | Two Australian financial services data and insights firms have joined forces, following the acquisition of DBM Atlas by RFI Global. Founded in Melbourne, DBM Atlas, a subsidiary of the Illuminera Group, is a local specialist in research and insight ... |
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