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Showing 281 - 290 of 616 results for "Wealth manager"

BT advice boss lands new role

KANIKA SOOD  |  WEDNESDAY, 7 AUG 2019
The former general manager of BT Financial Advice, who was grilled at Royal Commission hearings last year, will lead an ASX-listed managed accounts provider for a $500,000 base salary. Michael Wright will join Xplore Wealth (formerly Managed Accounts ...

Super body opposes member interests bill

HARRISON WORLEY  |  MONDAY, 22 JUL 2019
... superannuation customers with inactive accounts under the PYS had elected to retain their insurance cover. However, the wealth manager said to comply with the PMIF bill it would need to send those customers another notice asking for further confirmation ...

Aussie HNWIs slip down global rankings

KARREN VERGARA  |  WEDNESDAY, 10 JUL 2019
Australia's high-net-worth population slumped in the rankings of a global wealth study as millionaires shifted their portfolio to cash amid share market uncertainty. According to Capgemini's annual World Wealth Report, the number of Australian ...

AMP bolsters managed portfolio offering

HARRISON WORLEY  |  WEDNESDAY, 3 JUL 2019
AMP moved to strengthen the managed portfolio offering on its flagship wrap platform. Wealth manager AMP added Zenith Investment Partners and Quilla Consulting to the managed portfolio range on MyNorth, and will partner with advice practices to create ...

IOOF names new chief executive

HARRISON WORLEY  |  TUESDAY, 25 JUN 2019
... and managing director. Acting chief executive Renato Mota has been appointed to permanently lead the embattled wealth manager through a significant period of upheaval. The wealth firm also appointed Mota as managing director on the IOOF board, charging ...

Fund manager exits global debt, chief resigns

JAMIE WILLIAMSON  |  THURSDAY, 13 JUN 2019
... efforts and resources on managing its flagship equities fund, the Supervised Fund, Ohlsson said. "SPW is a leading wealth manager with a growing presence in Australia and is part of the multi-national financial services provider Sanlam Limited," Equity ...

International firm acquires advice group

JAMIE WILLIAMSON  |  WEDNESDAY, 12 JUN 2019
... national financial advice group with more than 120 advisers on its books is to be acquired by a major Canadian wealth manager. Patersons Securities is being purchased by Canaccord Genuity via its Australian operations, Canaccord Financial Group. As a ...

Cashwerkz, Praemium ink deal

HARRISON WORLEY  |  WEDNESDAY, 5 JUN 2019
Financial advisers using Praemium's integrated managed accounts offering can now access the Cashwerkz platform. The two firms have entered a "data feed partnership" that will allow advisers using Praemium to access Cashwerkz's marketplace offering from ...

AMP class actions consolidated

HARRISON WORLEY  |  MONDAY, 27 MAY 2019
... in the case, and pay $5 million in security for the costs of AMP. In a statement, an AMP spokesperson said the wealth manager welcomed the court's decision to only permit one shareholder class action proceeding against it. "We believe this approach provides ...

Hard times ahead for platforms

KANIKA SOOD  |  THURSDAY, 23 MAY 2019
New research by UBS found wealth management giants could lose more than 30% of their platform profits even if they undertake "radical cost surgery". The big players' funds under administration have been plagued by leakage to independent platforms, retail ...