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Showing 301 - 310 of 616 results for "Wealth manager"

Banks, ASIC still at war over fees-for-no-service

HARRISON WORLEY  |  TUESDAY, 12 MAR 2019
... determine what services customers were entitled to. In AMP's report card the regulator consistently mentioned the wealth manager had so far not proposed methodologies for advisers who had already left the business. ASIC commissioner Danielle Press said ...

Clayton Utz finally hands AMP notes to ASIC

HARRISON WORLEY  |  MONDAY, 11 MAR 2019
... interviews with current and former AMP employees over its now-infamous 2017 report into fees-for-no-service at the wealth manager. In October last year, ASIC issued AMP with a compulsory notice to produce the notes as part of the ongoing investigation ...

Slow but steady: SMSF growth continues

HARRISON WORLEY  |  MONDAY, 11 MAR 2019
... Macquarie Super, which was the only fund in the top 20 to register a positive net flow. Roughly $289 million joined the wealth manager's super offering from the SMSF community, while only $193 million left for a net result of about $96 million. The most ...

KPMG brings remediation regtech to Australia

HARRISON WORLEY  |  TUESDAY, 5 MAR 2019
The big four consultancy is bringing an AI-driven regtech with the ability to assess remediation files to our shores. UK-based regtech Recordsure will arrive in Australia after the firm formed an alliance with global consulting giant KPMG to roll-out ...

Financial advisers evolving as wealth managers: Report

KARREN VERGARA  |  MONDAY, 4 MAR 2019
Financial planners are increasingly repositioning themselves as asset allocators instead of stock pickers, according to Investment Trends. The research firm's survey of nearly 1000 financial planners and stockbrokers found about one in four (25%) ...

BT adds extra capability to life quote software

HARRISON WORLEY  |  FRIDAY, 1 MAR 2019
... advisers time and increase record keeping quality. BT acting head of product, life insurance Sean Boner said the wealth manager was committed to reducing the complexities of life insurance. "We're pleased to be able to offer these latest upgrades as ...

KPMG expands advice remediation team

HARRISON WORLEY  |  TUESDAY, 26 FEB 2019
KPMG recently launched a hiring spree to support clients with financial advice remediation efforts. As wealth managers further move to remediate customers for various fees for no service and financial advice misconduct, KPMG is bolstering its managed ...

Escala bought by growing US firm

JAMIE WILLIAMSON  |  THURSDAY, 21 FEB 2019
Escala Partners is set to be acquired by a US-based wealth manager looking to expand its international footprint. Focus Financial Partners has entered into a definitive agreement to acquire Escala, with the deal seeing Focus' presence in the ultra-high ...

AUM growth subdued to 2025: Bloomberg

KARREN VERGARA  |  TUESDAY, 19 FEB 2019
New research from Bloomberg suggests fee margins of global asset managers will drop 11% over the next six years. Most of the 1950 global asset managers surveyed in the Asset Management Outlook to 2025 provided conservative AUM growth forecasts over ...

Super account consolidation to hurt AMP

HARRISON WORLEY  |  MONDAY, 18 FEB 2019
... Government's centerpiece superannuation legislation late last week, AMP informed the market it would feel the pinch. The wealth manager said that barring any changes to the Protecting Your Super package - given it now heads back to the House of Representatives ...