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Showing 3061 - 3070 of 9279 results for "wealth"

Aussie banks set to underperform

ALLY SELBY  |  THURSDAY, 16 JUL 2020
... so it's unlikely that they'll need to come to the market." He also does not believe the big four's exit from wealth management will impact dividends in the future. "It's irrelevant; these businesses are tiny in terms of their profit contribution," ...

Optimism, resilience high on the recruitment checklist

ALLY SELBY  |  THURSDAY, 16 JUL 2020
... specialist recruiter Super Recruiters, who argue a second wave of COVID-19 will bring with it a raft of challenges for the wealth management industry. "As wealth management industry roles become increasingly scarce and sought after by a rising labour ...

Morrison's legacy will be retirement poverty: ACTU

ELIZABETH MCARTHUR  |  THURSDAY, 16 JUL 2020
The Australian Council of Trade Unions has slammed the government's early release of superannuation program, saying that Prime Minister Scott Morrison's legacy will be a wave of retirement poverty. Following the second round of early release withdrawals ...

Australian Ethical posts record results

ALLY SELBY  |  WEDNESDAY, 15 JUL 2020
The $4.05 billion wealth manager has reported record inflows of $660 million for the financial year, telling Financial Standard that it's balanced MySuper offering returned 6.9% net of fees for the quarter. For the 2020 financial year, Australian ...

Banks brace for major loan losses

ALLY SELBY  |  WEDNESDAY, 15 JUL 2020
... earned US$4.7 billion in net income in the quarter, despite building US$8.9 billion in credit reserves. It's AUM for its wealth management offering grew 15%, with US$124 billion in net inflows into liquidity and long-term products, as Americans pivoted ...

Westpac names chief financial officer

ELIZA BAVIN  |  TUESDAY, 14 JUL 2020
... positions at ANZ from 1999 to 2013, namely the chief financial officer title in a number of departments including banking, wealth, New Zealand and personal financial services. He was also the chief executive Pacific and managing director mortgaged and ...

Multi-boutique adds to US team

KANIKA SOOD  |  MONDAY, 13 JUL 2020
... presence, and establishing strategic relationships across the industry," the firm said. Bennelong started managing the family wealth of Chapman, Bangarra Group, and has since expanded into a multi-boutique with offices in Melbourne, Sydney, Brisbane ...

US investment firm launches in Australia

ELIZABETH MCARTHUR  |  MONDAY, 13 JUL 2020
... value to Australian investor portfolios." Axius - which provides services to institutional, family office, private bank and wealth manager investors - will distribute the ARP offering in Australia. "Axius is delighted to welcome ARP to its suite of fund ...

Regtech adds to advisory board

ALLY SELBY  |  MONDAY, 13 JUL 2020
... appointed as a tech adviser and legal adviser respectively. De Angelis brings with him more than 25 years' experience in wealth technology, having developed, scaled and commercialised platforms for ANZ, ING and AMP. "I'm extremely excited to join the ...

Netwealth booms amid pandemic

ALLY SELBY  |  FRIDAY, 10 JUL 2020
Specialist wealth management platform Netwealth has seen its share price soar, after it reported a 35% increase in funds under administration for the financial year. Shares in Netwealth lifted nearly 16% during trade on Thursday to hit new all-time ...