Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 281 - 290 of 589 results for "ACCR"

Grant Thornton bolsters dedication to retail clients via merger

JAMIE WILLIAMSON  |  MONDAY, 4 SEP 2017
Diversified advisory and wealth management firm Grant Thornton Australia will merge with a Melbourne-based global retail consultancy in an effort to further build on its growth advisory capabilities. Joining forces with GNC Group Consulting, the move ...

Super FUM up 10pct to $2.3tn

ALEX DUNNIN  |  THURSDAY, 24 AUG 2017
Superannuation savings climbed 10% in 2016-17 to reach $2.3 trillion, with performance income accounting for almost all the flows, according to figures released by APRA this week. Within segments, not-for-profit (NFP) funds climbed 12% to $983 billion ...

SMSFA supports quarterly reporting proposal

EMMA RAPAPORT  |  TUESDAY, 22 AUG 2017
The Australian Tax Office's decision to offer a quarterly option as part of a position paper on event-based reporting for the transfer balance cap has been endorsed by the SMSF Association. SMSF Association (SMSFA) chief executive John Maroney says ...

Westpac halts $14bn asset manager sale

ALEX BURKE  |  FRIDAY, 18 AUG 2017
Westpac has ended discussions regarding the sale of a $14 billion asset management subsidiary after the prospective bidder decided not to proceed. Charter Hall had originally entered talks with Westpac regarding the potential acquisition of Hastings ...

Blue Sky profits underscore alternatives opportunity

ALEX BURKE  |  TUESDAY, 15 AUG 2017
Blue Sky Alternative Investments reported a 97% boost in statutory net profit after tax to $20.7 million in its annual results, an outcome managing director Robert Shand believes underpins the firm's value proposition to clients looking for opportunities ...

Less room for mid-tier asset managers: Stern

ALEX BURKE  |  WEDNESDAY, 9 AUG 2017
Standard Life Investments head of multi-asset and macro investing, Guy Stern, believes the asset management industry will soon stratify into trillion-dollar players and boutiques - with not much room for a middle ground. Speaking to Financial Standard ...

IOOF grows against the grain

JAMIE WILLIAMSON  |  TUESDAY, 8 AUG 2017
IOOF credited the onboarding of about 50 advisers last financial year as a driving force behind its 131% increase in advice net flows. In what IOOF described as "counter to industry trend", its growing adviser numbers - including the 33 that joined ...

Advice too pricey for poor Australians

JAMIE WILLIAMSON  |  MONDAY, 7 AUG 2017
About 75% of Australians have not engaged a financial adviser in the last five years, with many believing it's too expensive and they don't earn enough to justify doing so. The majority of Australians who did visit a financial adviser in the last five ...

Clime acquires equities boutique for $3.6m

ALEX BURKE  |  MONDAY, 17 JUL 2017
Clime Investment Management will push its gross assets under management past $700 million with the acquisition of a Sydney-based Australian equities boutique. Clime will purchase CBG Asset Management, which has $130 million in assets across three mandates ...

Cameron Hume hires fixed income expert

KARREN VERGARA  |  FRIDAY, 7 JUL 2017
International fixed income manager Cameron Hume hired an industry specialist to help grow its investment management capabilities. Russ Oxley, founder of Avrox Investment Solutions will work with the firm on a consultancy basis to develop strategic investment ...