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Showing 3231 - 3240 of 6884 results for "Act2"

Robo-adviser crashes during Wall Street selloff

ALEX BURKE  |  WEDNESDAY, 7 FEB 2018
One of the largest robo-advisers in the US saw its website go offline while markets fell across the globe on February 5. Wealthfront had to issue multiple clarifications to users via Twitter after complaints reached the platform that the website was ...

Magellan acquires US and Australian fund managers

ALEX BURKE  |  TUESDAY, 6 FEB 2018
Magellan has made two strategic acquisitions of Australian and US-based asset managers, significantly expanding its local and international distribution capabilities. The Australian manager is the $6 billion Airlie Funds Management, which specialises ...

Venture capital firm plants $1.8m seed for Honee

DARREN SNYDER  |  FRIDAY, 2 FEB 2018
One of Australia's largest venture capital firms recently placed significant seed funding in an AI-driven beauty platform showing ambition and drive to expand internationally. Blackbird Ventures, alongside Melbourne and Sydney angel investors, led the ...

Wells Fargo opens up on pay gaps

JAMIE WILLIAMSON  |  FRIDAY, 2 FEB 2018
Wells Fargo has become the third major US bank to take action on gender and ethnicity pay gaps. Responding to shareholder pressure the bank released the findings of its most recent pay equity study. It showed women working for Wells Fargo in the US ...

Changing nature of advice to benefit institutions

JAMIE WILLIAMSON  |  WEDNESDAY, 31 JAN 2018
The era of new business models and increasing education debt will see new financial planners begin their careers in salaried positions and place existing advisers' exit strategies at risk. That is the view of Connect Financial Service Brokers chief ...

Institutions urged to overhaul outdated risk management practices

JAMIE WILLIAMSON  |  TUESDAY, 30 JAN 2018
Australia's financial institutions lack the capability to understand and manage risks that flow from rapidly changing social attitudes and should consider creating a dedicated role in response. That is the view of the Actuaries Institute's Ian Laughlin ...

Chief economist update: Build, build, and build some more

BENJAMIN ONG  |  TUESDAY, 30 JAN 2018
... would fund around "105 billion peso ($2 billion)" of the train project. TRAIN - Tax Reform for Acceleration and Inclusion Act - would account for some as it is expected to raise P90 billion this year and an additional P40 billion, if passed within the ...

Fund manager chief executive moves to QIC

DARREN SNYDER  |  MONDAY, 29 JAN 2018
QIC has executed a senior hire in its global multi-asset division, appointing the chief executive of a boutique Australian equities fund manager. Joining QIC is Allison Hill. Most recently Hill was the chief executive at DMP Asset Management where she ...

FinTech Australia chair steps down

JAMIE WILLIAMSON  |  MONDAY, 29 JAN 2018
The founding chair of FinTech Australia stepped down and the association has appointed a replacement. Stuart Stoyan has taken over from Reinventure co-founder and managing director Simon Cant as chair of FinTech Australia on an interim basis. Stoyan ...

Vertically integrated institutions failing to manage conflicts of interest

JAMIE WILLIAMSON  |  THURSDAY, 25 JAN 2018
Financial advisers employed by Australia's five largest vertically integrated institutions failed to act in the best interests of clients 75% of the time, favouring their own products and leaving clients ''significantly worse off" in 10% of cases. These ...