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CBA result boosted by wealth division

MARK SMITH  |  THURSDAY, 11 FEB 2016
Strong performance from the wealth management division contributed materially to the 4% rise in Commonwealth Bank's half-year cash profit, with CommInsure performing particularly well. Growth in insurance and funds management income of 17% and 6%, respectively ...

Small not feeling beautiful

BENJAMIN ONG  |  WEDNESDAY, 10 FEB 2016
While continued US labour market strength supports the Fed's decision to lift interest rates back in December and its forecasts for more lifts this year, weakening activity indicators released since - not to mention still below target inflation - indicate ...

CFS launches app for advisers

DARREN SNYDER  |  TUESDAY, 9 FEB 2016
Colonial First State (CFS) has launched a new mobile app on both Apple and Android devices that aims to cut down the time financial advisers spend on administration. The initial app release allows advisers who use CFS platforms to have free access to ...

Healthcare needs flagged as investment opportunity

DARREN SNYDER  |  FRIDAY, 5 FEB 2016
If not clued in already, superannuation funds have been given another hint that addressing Australia's growing aged care and healthcare industries will become a priority. Australian Industry Group chief economist Julie Toth said healthcare was the sleeping ...

Rubik appoints insto account manager

ALEX BURKE  |  THURSDAY, 4 FEB 2016
Rubik Financial has appointed a senior institutional account manager. Lanie Conquest comes to Rubik from Decimal Software, where she was head of sales. She has also held senior roles at Virtual Adviser Network, Macquarie Bank and Asgard. At Rubik, Conquest ...

Financial Synergy makes big play in big data

DARREN SNYDER  |  THURSDAY, 4 FEB 2016
The latest move in to big data analytics by superannuation software provider Financial Synergy is being touted as one that will help transform the industry in Australia. The firm announced a partnership with NASDAQ-listed software company OpenText yesterday ...

QIC purchases New York shopping centre

DARREN SNYDER  |  WEDNESDAY, 3 FEB 2016
Giant Australian investment manager QIC has signaled further acquisitions in the US following its joint-venture purchase of Westchester's Ridge Hill retail shopping centre in New York. QIC announced the purchase of a 51% stake in the shopping centre ...

Support to recycle Queensland assets

DARREN SNYDER  |  TUESDAY, 2 FEB 2016
... assets and follow the lead of other states. "CCIQ believes there is strong merit in exploring both long-term leasing and sale of assets provided the proceeds of privatisation are used to pay down government debt and reinvested in priority infrastructure ...

Morningstar appoints head of sales and distribution

MARK SMITH  |  MONDAY, 1 FEB 2016
In her new role, Heather Dawson oversees Morningstar's sales and distribution efforts in Australia and New Zealand. Dawson has more than 20 years' experience in business leadership roles in the financial services industry in Australia and the United ...

BOJ goes negative to get postive

BENJAMIN ONG  |  MONDAY, 1 FEB 2016
A week and a day after equity markets welcomed Super Mario Draghi's announcement that the European Central Bank (ECB) would "review and possibly reconsider our monetary policy stance at our next meeting in early March in order to secure a return of ...