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Showing 2891 - 2900 of 9279 results for "wealth"

Super advice firm buys robo-adviser

ANNABELLE DICKSON  |  FRIDAY, 23 OCT 2020
... pension. The acquisition will broaden its offering as Clover allows low-cost entry for the many Australians with insufficient wealth or financial resources to seek financial and investment advice. SuperEd was established by former Vanguard Australia ...

Robo-advice a complement, not disruptor: Six Park

ANNABELLE DICKSON  |  FRIDAY, 23 OCT 2020
... financial planners towards those asset-rich clients who can afford upfront fees," Peker said. More than $3 trillion of wealth is expected to be transferred to the next generation in the next 10 to 20 years and advisers are not guaranteed to retain the ...

Bumpy quarter for AMP

KARREN VERGARA  |  THURSDAY, 22 OCT 2020
... Legalsuper and QSuper were some of the big clients that severed ties with the group in the last six months. Overall, Australian wealth management had net outflows of $1.95 billion. The New Zealand Wealth management arm on the other hand saw AUM marginally ...

Future Fund asked to table detailed fee spend

KANIKA SOOD  |  WEDNESDAY, 21 OCT 2020
... its fee spend by each asset class, instead of the total-portfolio figure it usually reports. The $163 billion sovereign wealth fund uses 'total portfolio approach' meaning it only publishes returns and fees for the total portfolio. It does not ...

Centrepoint hires recruitment lead

KARREN VERGARA  |  WEDNESDAY, 21 OCT 2020
... recruitment strategy. Charles Smith joins the ASX-listed firm as national recruitment manager. He was most recently at MLC Wealth where he spent over four years as business growth manager, responsible for recruiting self-employed financial advisers into ...

Future Fund posts modest growth

ELIZA BAVIN  |  WEDNESDAY, 21 OCT 2020
Australia's sovereign wealth fund grew 1.1% in the September quarter to $163 billion, but is down 1.8% year on year due to the impact of COVID-19 in the March quarter. Future Fund chair Peter Costello said the fund exists to strengthen the Commonwealth's ...

Cost of advice soars as red tape grows

ELIZA BAVIN  |  WEDNESDAY, 21 OCT 2020
With research showing the average cost for a Statement of Advice has increased 10% in 12 months, the Financial Planning Association of Australia (FPA) is warning of the detrimental impact ongoing reform is having on financial advisers and consumers. ...

ClearView seeks to raise at least $40m

ELIZA BAVIN  |  WEDNESDAY, 21 OCT 2020
ClearView Wealth has announced the launch of a new subordinated notes issue to wholesale investors seeking to raise between $40-75 million. Clearview Wealth said the proceeds of the raise will be used for general corporate and capital management purposes. ...

Wealth platform adds to board

KANIKA SOOD  |  TUESDAY, 20 OCT 2020
An investment platform for wholesale investors started by former Citi Wealth employees has added the general manager of distribution at Mortgage Choice to its board. David Zammit is joining the board of Stropro, as the one-year-old fintech looks to ...

AMP awards mandate to BlackRock

KARREN VERGARA  |  TUESDAY, 20 OCT 2020
... passive investment strategy mandate from AMP New Zealand for an undisclosed amount. AMP's subsidiary AMP New Zealand Wealth Management (NZWM) has awarded the mandate to BlackRock Investment Management to deliver the new indexed strategy, which is ...