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Career progression positive for women advisers

KARREN VERGARA  |  TUESDAY, 19 DEC 2017
New research shows more women are considering a career in financial advice and have a positive outlook on the future of the industry. A joint study conducted by BT Financial Group (BTFG) and the Financial Services Council (FSC), which canvassed 800 ...

US investment giant buys La Trobe Financial

JAMIE WILLIAMSON  |  MONDAY, 18 DEC 2017
Melbourne-based La Trobe Financial, one of the largest non-bank lenders in the country, struck a landmark deal with New York-based private equity giant Blackstone. In a deal announced this morning, Blackstone has taken an 80% stake in the privately-owned ...

Amazon still an early-stage company: Fundie

DARREN SNYDER  |  MONDAY, 18 DEC 2017
ARK Invest chief executive Catherine Wood holds the view that every stock in the firm's disruptive innovation portfolio is an early-stage growth stock, and this includes Amazon - a firm approaching US$600 billion market capitalisation. "The way we know ...

What do you want to see in Financial Standard?

STAFF WRITER  |  THURSDAY, 14 DEC 2017
Next year, Financial Standard plans to improve its news coverage based on the outcome of an annual readership survey released this morning: Readership Survey. While the survey is open until January 19 next year, here are some of the initial findings ...

Government expert panel hands down proposed education standards for existing advisers

JAMIE WILLIAMSON  |  THURSDAY, 14 DEC 2017
Under the proposed standards released today by the Financial Adviser Standards and Ethics Authority, all existing advisers will be required to make a choice between several different education pathways -and some of their current qualifications may fail ...

Russell wins consulting mandate from $700m super fund

ALEX BURKE  |  WEDNESDAY, 13 DEC 2017
A super fund has transferred $700 million in assets to Russell Investments' implemented investment consulting service. NESS Super, which represents over 14,500 NSW-based employees in the electrical contracting, communication and associated industries ...

Elders enables greater access to advice in central NSW

JAMIE WILLIAMSON  |  WEDNESDAY, 13 DEC 2017
Two financial planners in New South Wales' central west are joining forces to launch a new financial advice business. Claire Russell, formerly of Ausure, will partner with Siebury adviser Geoff Siegert to launch Central West Financial Planning in Bathurst ...

SQM suspends Macquarie fund rating following investment team reshuffle

ALEX BURKE  |  TUESDAY, 12 DEC 2017
Following material changes to the investment strategy and team behind Macquarie's award-winning Australian Small Companies Fund, its rating has been changed to "hold" by SQM Research. SQM had originally downgraded the rating of the fund from 4.00 to ...

Industry fund stepping up advice offering

JAMIE WILLIAMSON  |  TUESDAY, 12 DEC 2017
... the fund's advice capabilities, both self-directed and through our advisers," Thow said. Requests for tender are due to close on 15 December, with the preferred vendor to be invited to enter commercial negotiations in the New Year.

Not all heroes wear capes

EMMA RAPAPORT  |  MONDAY, 11 DEC 2017
An avocado-themed 'super' hero is telling millennials it's okay to eat smashed avo for breakfast as long as they consolidate their duplicate superannuation accounts. 'CADO', a newly launched animated bot from research and consumer group CHOICE, says ...