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Showing 3231 - 3240 of 8182 results for "Institutional"

BTFG reports first half earnings growth

HARRISON WORLEY  |  MONDAY, 7 MAY 2018
Westpac's wealth management and insurance arm yielded $1.2 billion in revenue in the six months to 31 March 2018, an increase of 5% on 2H17. Overall BT Financial group added $404 million in cash earnings to Westpac Group's interim results, with the ...

Blue Sky chair steps down amid business restructure

ALEX BURKE  |  MONDAY, 7 MAY 2018
... immediately. The restructure of the business will involve reviewing all business units to ensure each has scale, is institutional grade and has a competitive advantage; committing to recurring management fees exceeding fixed operating expenses in FY19 ...

Unlicensed SMSF advice not systemic: ASIC

HARRISON WORLEY  |  FRIDAY, 4 MAY 2018
ASIC has completed its review of unlicensed SMSF advice from accountants. The regulator found that there were no systemic concerns around the provision of unlicensed SMSF advice, but did note that the accountants reviewed had significant levels of inaccurate ...

Global investment firm to restructure

HARRISON WORLEY  |  FRIDAY, 4 MAY 2018
A global investment firm with $176 billion in assets under management will undergo a corporate restructure. Kohlberg, Kravis & Roberts (KKR) will convert from a partnership to a corporation on July 1, in a move which is designed to attract new investors. ...

Super fund launches renewable energy investment option

KARREN VERGARA  |  THURSDAY, 3 MAY 2018
Future Super will launch its new investment option later this month, one which targets a 20% allocation to renewable energy and does not invest in fossil fuels. Future Super co-founder Simon Sheikh said Future Super Growth (Renewables Plus) empowers ...

CBA finds no evidence of customer data breach

ALEX BURKE  |  THURSDAY, 3 MAY 2018
Following an investigation by KPMG, the Commonwealth Bank said no evidence was found that customer information was compromised when two magnetic tapes went missing in 2016. The tapes in question contained customer names, addresses, account numbers and ...

UniSuper establishes on-campus footprint

HARRISON WORLEY  |  THURSDAY, 3 MAY 2018
The $66 billion superannuation fund is expanding its advice capabilities through a "bricks-and-mortar" network. UniSuper has opened its first on-campus advice premises at five Australian universities, including Monash University, the University of New ...

NAB to divest MLC

ALEX BURKE  |  THURSDAY, 3 MAY 2018
NAB plans to exit the majority of its wealth management operations, including divestment of Australia's largest retail MySuper product. While the bank will continue to service high-net-worth clients via JBWere, it is shedding the rest of its wealth ...

NAB to sell MLC

HARRISON WORLEY  |  THURSDAY, 3 MAY 2018
NAB has announced it will begin the sale of its MLC Advice, Platform and Superannuation and Asset Management businesses, as part of its plan to focus on core banking. The bank announced the decision as part of a strategy overview during its half-year ...

Venerable US manager eyes Australian expansion

ALEX BURKE  |  WEDNESDAY, 2 MAY 2018
... Century Investments, established in 1958, has expanded into Sydney and appointed Michelle Kidd as vice president, institutional advisory group. Kidd joined from AMG, where she was director, Australian distribution. She will report to head of Australia ...