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Market Wrap AM

AAP  |  THURSDAY, 14 AUG 2014
The Australian market looks set to open higher after Wall Street rose despite a lacklustre US retail sales report and some disappointing earnings announcements. At 0805 AEST on Thursday, the September share price index futures contract was up 25 points ...

MyState appoints GM from Westpac

STAFF WRITER  |  WEDNESDAY, 13 AUG 2014
Banking and wealth management group MyState Limited has appointed a new general manager of sales and distribution. Huw Bough will drive MyState Limited's sales and distribution strategy across MyState Limited's retail banking brands, The Rock and MyState ...

Only the dead have seen the end of war

BENJAMIN ONG  |  WEDNESDAY, 13 AUG 2014
Curses! I warned him did I not? I warned NATO chief Anders Fogh Rasmussen to shush when he "warned of a "high probability" that Russia, using the guise of a humanitarian mission, could intervene militarily in Ukraine". Now everybody's onto it - even ...

Market Wrap AM

AAP  |  WEDNESDAY, 13 AUG 2014
The Australian market looks set to open flat after Wall Street fell following disappointing German economic data and ahead of Wednesday's report on US retail sales. At 0804 AEST on Wednesday, the September share price index futures contract was up four ...

Planners unite to create innovation platform

LAURA MILLAN  |  TUESDAY, 12 AUG 2014
A group of financial planners and financial services entrepreneurs have united to create an online hub to provide solutions to advice businesses. The businesses behind the newly-created AdviceInnovation are Astute Wealth, The Social Adviser, Complete ...

Market wrap

AAP  |  MONDAY, 11 AUG 2014
The Australian market has snapped a six-day losing streak to start the week with gains following a positive US lead on Friday. Another day of losses on Monday would be the longest run of outs in four years. US markets made one per cent-plus gains on ...

Challenger pinches account managers from AMP

MARK SMITH  |  MONDAY, 11 AUG 2014
Challenger has appointed two executives from AMP Capital to join its key account team following strong sales and growth in funds. Angela MacPherson and Anna Schofield joined Challenger in July as national key account managers, reporting to general manager ...

Managedaccounts.com.au adds adviser to sales team

STAFF WRITER  |  FRIDAY, 8 AUG 2014
Managedaccounts.com.au has expanded its sales and relationship management team, appointing a former Melbourne- based financial planner. Doug Kirkham has joined the managed account provider from advisory firm, Cameron Walshe Financial Planning, where ...

General advice is not advice: Rantall

JAMES FERNYHOUGH  |  FRIDAY, 8 AUG 2014
The term 'general advice' is misleading to consumers, and would be more appropriately labeled 'product sales', Financial Planning Association chief executive Mark Rantall has said. Speaking to a full house of Financial Services Council conference delegates ...

CommInsure nabs Asteron head of underwriting

LAURA MILLAN  |  THURSDAY, 7 AUG 2014
CommInsure has appointed Asteron Life's executive manager of risk assessment to head the Commonwealth Bank's insurance business retail advice underwriting team. John Kraszula will join the CommInsure retail advice leadership team on August 25, a Commonwealth ...