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Showing 3031 - 3040 of 9279 results for "wealth"

Chief economist update: Could COVID-19 dissenters be correct?

BENJAMIN ONG  |  TUESDAY, 4 AUG 2020
... dig their heels in, the longer Australia gets to heal... and with far greater disastrous consequences to health and to wealth. Certainly conspiracy theorists - right or wrong - could sacrifice six weeks of quietude and even grudging compliance. We can ...

Advice firm partners with mortgage aggregator

ELIZABETH MCARTHUR  |  MONDAY, 3 AUG 2020
... "We seek out businesses that look to lead the next generation of financial services and who embrace the combination of wealth management and mortgage broking," Loan Market chair Sam White said. "I believe Encore Advisory Group have the deepest experience ...

Aussies reevaluate retirement prospects

ALLY SELBY  |  MONDAY, 3 AUG 2020
... called on the financial services industry to support women impacted by COVID-19, and help them protect and rebuild their wealth as the economy recovers. "Women would benefit from further initiatives and incentives to make additional contributions to ...

Wealth manager takes massive profit hit

ELIZA BAVIN  |  FRIDAY, 31 JUL 2020
A global pandemic and subsequent market volatility have hit wealth manager AMP, taking a near 50% profit hit compared to the same period last year. AMP provided an update on its 2020 interim operating earnings to the ASX, citing the impact from market ...

IOOF increases FUMA, lifts remediation costs

ANNABELLE DICKSON  |  THURSDAY, 30 JUL 2020
... management, advice and administration of 3.4% to $202.3 billion while also increasing remediation provisions by $80 million. The wealth manager is expecting an underlying profit from continuing operations of $123 million to $125 million. The result has ...

Ironbark restructures two funds

KANIKA SOOD  |  WEDNESDAY, 29 JUL 2020
... Lighthouse in the institutional space. "We are committed to the multi-manager global long/short strategy in insto and private wealth space," he said. The fees will come down by about 2.5% for the two funds, while the liquidity will move from monthly ...

Advisers file class action against AMP

JAMIE WILLIAMSON  |  WEDNESDAY, 29 JUL 2020
... be cut from 4x recurring revenue to a maximum of 2.5x, Corrs Chambers Westgarth filed an open class action against the wealth giant in the Federal Court of Australia on behalf of AMP Financial Planning advisers. The action was initially expected to be ...

Garry Laurence to depart Perpetual

KANIKA SOOD  |  TUESDAY, 28 JUL 2020
Perpetual Investment Management is handing over Garry Laurence-led global shares strategies to the investors at its US acquisition Barrow Hanley. The funds include Perpetual Global Shares Fund and Perpetual International Share Fund. Its internal global ...

Goldman chief faces backlash over DJ set

ALLY SELBY  |  TUESDAY, 28 JUL 2020
... it had helped former prime minister Najib Razak steal over RM 2.67 billion (~$880 million) from the country's sovereign wealth fund 1MDB. By accepting the deal, the Malaysian government has agreed to drop charges against the bank and will cease civil ...

Westpac announces appointment, departure

ALLY SELBY  |  TUESDAY, 28 JUL 2020
... Canada, where he worked as its chief information and operations officer across its personal and business baking, private wealth and global asset management divisions. Westpac group chief executive Peter King said he was delighted to welcome Collary to ...