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Showing 3171 - 3180 of 9474 results for "tech"

Former licensee boss banned

JAMIE WILLIAMSON | TUESDAY, 11 FEB 2020

ASIC has said the former chief executive of Spectrum Wealth Advisers had a poor understanding of his obligations and failed to ensure advisers complied with the law, banning him over his involvement in the licensee's numerous failures. Mark Schroeder ...

More engagement with custodians needed: Report

ELIZA BAVIN | TUESDAY, 11 FEB 2020

The Australian Custodial Services Association (ACSA) is urging institutional investors to forge closer relationships with custodians to ensure better outcomes are achieved. ACSA released a report describing the evolving role custodians play in Australia's ...

Praemium expanding in UK, growing managed accounts

ELIZABETH MCARTHUR | MONDAY, 10 FEB 2020

Listed platform Praemium's half yearly results included an update about its UK business and its virtual managed accounts portfolios. The virtual managed accounts had a strong uplift, contributing to platform revenue being up 22%. Praemium's Virtual ...

Grow Super signs first admin client

KANIKA SOOD | FRIDAY, 7 FEB 2020

Grow Super has signed its first client for its superannuation administration platform which is based on distributed ledger technology. Startup superannuation fund GigSuper came onboard in late December, Grow Super deputy chief executive Adam Gee said. ...

Not the time for long-term decisions: Baur

HARRISON WORLEY | FRIDAY, 7 FEB 2020

... urged investors to steer clear of overweighting particular sectors. "Stick with a balanced portfolio. Don't overweight tech, I think that outperformance is over," he said. Baur also advised delegates to stay balanced between US and international ...

Westpac also owed money by Sargon

KANIKA SOOD | THURSDAY, 6 FEB 2020

China's Taiping Trustees is not the only group owed money by Sargon and its related companies. There is also a roughly $35 million debt facility from Westpac bank, Financial Standard understands. The Westpac loan is in addition to previously reported ...

OneVue takes control of Sargon stake in Sequoia

KANIKA SOOD | THURSDAY, 6 FEB 2020

OneVue Holdings has taken control of a Sargon subsidiary's 19% stake in ASX-listed wealth and advice firm Sequoia Financial Group, as its looks to recoup $31 million. The Sequoia stake is worth about $4.6 million at Tuesday's closing price of 20 cents. ...

Asset manager to be liquidated

ELIZA BAVIN | WEDNESDAY, 5 FEB 2020

Global Merces Funds Management has come to an end as the financial services company is set to be wound-up. ASIC obtained orders to wind-up the Brisbane-based company on "just and equitable grounds" stating the proceedings were commenced to protect the ...

Phillip Kingston resigns from GrowthOps board

KANIKA SOOD | WEDNESDAY, 5 FEB 2020

Phillip Kingston has resigned from the board of ASX-listed Trimantium GrowthOps, as his Sargon Capital venture stays in receivership. GrowthOps provides services in creative, technology, coaching and leadership, according to ASX filings. Kingston is ...

Chief economist update: Coronavirus infects oil market

BENJAMIN ONG | TUESDAY, 4 FEB 2020

It appears that no one and nothing is immune from the spread of the coronavirus. It's now turned the bull market in crude oil into a bear. Crude oil prices sank by more than 10% (the technical definition of a bear market) - WTI oil down 15.6%; Brent ...

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Mercer Super chief executive steps down

RIDDHIMA TALWANI

Mercer Super chief executive Claire Ross is departing after almost 17 years in senior leadership roles at the retail super fund.

AusFood Super looks to revitalise member engagement

MATTHEW WAI

The $3.5 billion super fund has partnered with InvestStream to launch RetireSmart+, becoming the first super fund to bring an AI-powered engagement experience to some 66,000 members.

L1 Group posts 'marked recovery' in June quarter

RIDDHIMA TALWANI

L1 Group has reported a marked recovery in investment performance in the June quarter.

European PE firm mandates Apostle with Australian distribution

RIDDHIMA TALWANI

Apostle Funds Management has been appointed by European investment firm Triton Partners for the distribution of its credit strategies in Australia and New Zealand.

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Blake Briggs

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Since becoming chief executive, Blake Briggs has renewed the Financial Services Council's influence, expanded the membership base, and strengthened its policy and advocacy credentials. Karren Vergara writes.

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