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

Search Results

Showing 11 - 20 of 91 results for "Margin loan"

Bell FG flags US expansion

KARREN VERGARA  |  THURSDAY, 22 FEB 2018
ASX-listed Bell Financial Group announced a strong full-year performance and flagged it is close to opening a US office. The stockbroking, investment and financial advisory firm's funds under advice, comprising cash, fixed income, superannuation, margin ...

Margin lending investors keen to borrow more

DARREN SNYDER  |  WEDNESDAY, 8 FEB 2017
... depressed markets is enticing a greater share of margin lending investors to consider borrowing more through their margin loan. "They want to increase margin lending borrowings to achieve their outcomes while paying a lot of attention to managing risk. ...

CommSec pays $200,000 penalty

KERRIE SYDEE  |  WEDNESDAY, 16 NOV 2016
... 25 March 2014, CommSec received formal notice of the death of one of its clients who held an equities account and margin loan account with CommSec. At that time CommSec did not apply a holder record to lock either of the accounts. Between 25 March 2014 ...

Former adviser receives jail sentence

KERRIE SYDEE  |  WEDNESDAY, 16 NOV 2016
A former financial adviser was sentenced to seven years imprisonment following charges brought by ASIC. Darren Wise, formerly of Rhodes New South Wales, pleaded guilty to one count each of forgery and using forged documents fraud. Wise will be eligible ...

Clients asking planners for margin loans

MARK SMITH  |  TUESDAY, 8 MAR 2016
Almost a third of planners (31%) who recommended a margin loan in 2015 said the loan was instigated by the client, according to new research by Investment Trends, up from 21% in 2014. In its eleventh year, the 2015 Margin Lending Planner Report is an ...

Margin loans keep pace with shrinking customer-base

ALEX BURKE  |  WEDNESDAY, 10 FEB 2016
... decreased by 4% in 2015 based on RBA figures, the total margin debt increased by 4%. In dollar terms, the average margin loan increased by 8% in 2015 to $180,000. What this indicates is the remaining margin debtors in the sector are increasing the amount ...

Margin lenders tighten policies after ASIC review

MARK SMITH  |  FRIDAY, 22 JAN 2016
... a consumer borrows money (using another asset as security, such as their home) to purchase shares, and then gets a margin loan on those shares to buy more shares. Following ASIC's review, one margin lender has pulled out of offering double geared loans ...

Adviser pleads guilty following ASIC sting

ALEX BURKE  |  FRIDAY, 15 JAN 2016
... From 2000 until 2008, he owned the company. Wise conceded he had, between October 1997 and March 2006, created six margin loan applications with false guarantors (with the intention of inducing lenders to provide him margin loans). He also, in ASIC's ...

Geared BetaShares ETF upgraded by Lonsec

MARK SMITH  |  THURSDAY, 20 NOV 2014
Exchange traded fund (ETF) provider BetaShares has seen its Geared Australian Equity Fund (hedge fund) upgraded to a 'Recommended' rating by Lonsec. Trading under the ASX code GEAR, the fund provides investors with a simple way to gain cost-effective ...

Non-aligned licensee inquiries to rise in 2015

LAURA MILLAN  |  MONDAY, 17 NOV 2014
Independence, the flexibility to build an approved product list and cheaper, more advanced technology and platforms are encouraging more advisers to leave large licensees and strike out on their own. The big four banks and AMP have collectively seen ...