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Showing 2901 - 2910 of 5260 results for "SCA"

RNY unitholders left unpaid after Aurora scandal

ALEX BURKE  |  WEDNESDAY, 29 NOV 2017
Many unitholders in the RNY Property Trust have yet to be compensated following the takeover by Aurora Funds Management, whose chief financial officer was terminated after $1 million vanished from a listed Aurora trust last weekend, and ASIC has so ...

Sydney licensee caught out on conflicts

JAMIE WILLIAMSON  |  MONDAY, 27 NOV 2017
ASIC accepted an enforceable undertaking from a Sydney investment banking, stockbroking and research firm following an investigation into conflicts of interest. In July 2015 Foster Stockbroking was the sole lead manager for the initial public offering ...

Family members greenlit for $60bn industry fund

ALEX BURKE  |  WEDNESDAY, 22 NOV 2017
Following on from obtaining a public offer licence in May, a $60 billion industry superannuation fund is opening its doors to family and former members with a new Personal Accounts product. UniSuper said the move came about as a result of strong demand ...

Managed accounts now available via FirstChoice

JAMIE WILLIAMSON  |  TUESDAY, 21 NOV 2017
Managed accounts are now live on Colonial First State's FirstChoice platform, providing a level of portfolio control typically associated with managed discretionary accounts. The latest platform enhancement to be rolled out by CFS sees more than 100 ...

Japan on reverse cycle?

BENJAMIN ONG  |  TUESDAY, 21 NOV 2017
Everything that could go right is going right for Japan. Prime Minister Shinzo Abe won by landslide at the 22 October 2017 general elections, ensuring that sitting Bank of Japan (BOJ) governor Haruhiko Kuroda will be re-appointed when his term expires ...

Advice the face of wealth management evolution

DARREN SNYDER  |  THURSDAY, 16 NOV 2017
The chief executive of a US mutual fund provider and subsidiary to a US$1.7 trillion global investment manager believes the financial services industry cannot go back on its move to independent financial advisers. Speaking at a Morningstar investment ...

Global manager to merge key investment firms

JAMIE WILLIAMSON  |  TUESDAY, 14 NOV 2017
The world's largest multi-boutique asset manager is consolidating three of its biggest US investment managers to create a specialist AU$733 billion multi-asset manager. BNY Mellon Investment Management has announced that Mellon Capital Management, Standish ...

KPMG appoints wealth management strategy lead

EMMA RAPAPORT  |  TUESDAY, 14 NOV 2017
A former head of group strategy and planning at AustralianSuper is the latest addition to the KPMG asset and wealth management strategy team. Rohit Mendiratta, who led the development of a five-year strategy and strategic blueprint for the $120 billion ...

CFS lifestage funds enter direct infrastructure

KARREN VERGARA  |  MONDAY, 13 NOV 2017
Colonial First State's lifestage funds have reached sufficient scale to invest in direct infrastructure assets for the first time. MySuper FirstChoice Lifestage superannuation products, which hold more than $8 billion in assets and traditionally invested ...

Planners divided on mental health advice

JAMIE WILLIAMSON  |  MONDAY, 13 NOV 2017
Mental health is an issue growing across Australia and the financial services industry is responding. AMP recently refreshed its mental health training program for financial advisers and the content now exceeds the minimum standards set by the Financial ...