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Showing 271 - 280 of 616 results for "Wealth manager"

IOOF struck by outflows, former chair resigns

ELIZA BAVIN  |  FRIDAY, 25 OCT 2019
... the previous period. IOOF reported funds under management increased 3.1% to $142.7 billion for the period. The wealth manager said it is an extremely challenging operating environment for the industry, but said it continues to experience solid results. ...

APRA won't appeal IOOF judgement

ELIZA BAVIN  |  FRIDAY, 18 OCT 2019
... the best interests of their superannuation members. The regulator said it had sought to resolve concerns with the wealth manager over several years before launching the case. The federal court judge dismissed the regulators claims calling the care "unpersuasive" ...

Poor market conditions weigh on Perpetual, Pendal

ELIZA BAVIN  |  MONDAY, 14 OCT 2019
Perpetual has reported a $1.1 billion decrease in funds under management for the first quarter of 2020, while Pendal suffered a $900 million drop in FUM for the quarter ended September 30. Tough market conditions for Australian equities were blamed ...

Elders in discussions over future

ELIZA BAVIN  |  TUESDAY, 8 OCT 2019
... regulatory compliance and insurance costs," the company said. Elders Financial Planning is a joint venture, 51% owned by wealth manager IOOF and 49% owned by Elders. "EFP has conducted a review of its business and had identified a potential way forward ...

IOOF expands advice team

ELIZA BAVIN  |  WEDNESDAY, 2 OCT 2019
The wealth manager has welcomed Leanne Gregory-Aylett to its advice team under the newly created position of general manager advice delivery. Gregory-Aylett has over 20-years' experience in the financial services sector having previously held positions ...

CommSec responds to sale rumours

ELIZABETH MCARTHUR  |  TUESDAY, 17 SEP 2019
CommSec is being coy about rumours Ord Minnett is poised to purchase its advisory unit. The Australian Financial Review reported yesterday that stockbroking firm Ord Minnett is planning to purchase CommSec Advisory. It reported Ord Minnett was asked ...

Wealth manager awards tech mandate

JAMIE WILLIAMSON  |  TUESDAY, 10 SEP 2019
Pitcher Partners Sydney Wealth Management has enlisted a technology specialist to enhance its operations. Technology and business processing provider Integrated Portfolio Solutions has been selected to provide portfolio administration services to Pitcher ...

Global fintech appoints head of Asia

KRISTI CHENG  |  FRIDAY, 30 AUG 2019
Switzerland-based fintech Avaloq has appointed a new head of Asia who will take the reins in October. Imad Abou-Haidar joins from London-headquartered software firm Finastra, where he was managing director for the Asia-Pacific region, based in Singapore. ...

IOOF establishes super trustee office

HARRISON WORLEY  |  WEDNESDAY, 21 AUG 2019
... risk facing a financial penalty under the SIS Act. Recently appointed IOOF chief executive Renato Mota said the wealth manager had been working "diligently" to implement all items required under the licence conditions by the June 30 deadline. "I am confident ...

What is holding Aussie robo advisers back?

KANIKA SOOD  |  WEDNESDAY, 14 AUG 2019
... recommends the client a portfolio that is often built with low-cost investment options such as ETFs. "Just because a wealth manager has a website and an app doesn't make it a robo adviser [ASIC money smart has a website for example]," Dunnin said. ...