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Showing 341 - 350 of 13952 results for "State"

CalSTRS secures US$190m settlement against Meta

JAMIE WILLIAMSON  |  TUESDAY, 25 NOV 2025
The California State Teachers' Retirement System (CalSTRS) has won a landmark settlement against current and former directors and officers of Meta. The derivative lawsuit was brought to the Delaware Court of Chancery several years ago on behalf of Meta ...

Clime shutters two funds, offloads retail book

KARREN VERGARA  |  TUESDAY, 25 NOV 2025
Clime Investment Management is shuttering two funds, one of which is under an ASIC investigation, and will offload its retail client book for $1.65 million to an undisclosed financial advice practice. At the annual general meeting last week, Clime chair ...

Sequoia shares dive nearly 50%

KARREN VERGARA  |  TUESDAY, 25 NOV 2025
Sequoia Financial Group's share price has dived nearly 50% since the start of the year, compounded by ASIC's recent lawsuit against subsidiary InterPrac Financial Planning, which has wiped millions from its market cap. Sequoia's share price ...

Two financial services directors fined $15k over reporting failures

MATTHEW WAI  |  TUESDAY, 25 NOV 2025
Directors of Sheffield Insurance Pty Ltd (trading by the name of Sheffield Insurance Services), Phillip Bird and Daniel Holmes, have been convicted of two offences and fined $15,000 over failure to lodge financial statements and auditors' reports with ...

Revolution AM appoints distribution lead to drive expansion

RIDDHIMA TALWANI  |  TUESDAY, 25 NOV 2025
... to more than $1 billion in combined funds under management (FUM). Prior to EGG, Price spent 12 years at Challenger as a state manager, building the annuity provider's managed funds and retirement products distribution teams. "I'm excited to join ...

Iress dismisses takeover talks

ELIZA BAVIN  |  TUESDAY, 25 NOV 2025
Iress has denied reports published in The Australian about a potential takeover, saying there is "no basis" to confirm reports on potential price or exclusivity terms. "Iress continues to engage with multiple parties in order to ascertain whether there ...

Diverged focus for HNWs presents adviser opportunity: Report

MATTHEW WAI  |  MONDAY, 24 NOV 2025
... over a quarter now seek advice due to shifted priorities and a focus on private markets. LGT Wealth Management's 2025 State of Wealth report indicated the HNW population has surged by 10% (or 50,000) to 760,000 in 2025, controlling a record $4 trillion ...

Advisers want to boost client book by 36%: CFS

KARREN VERGARA  |  MONDAY, 24 NOV 2025
... marginally increased the number of clients on their books to 112 on average, they aspire to serve 36% more, a new Colonial First State (CFS) survey finds. Advisers on average have increased the number of clients served from 110 last year to currently ...

IMF tells Chalmers to curb spending

ELIZA BAVIN  |  FRIDAY, 21 NOV 2025
The International Monetary Fund (IMF) commended Australia on "managing a soft landing" amid ongoing global uncertainty but said comprehensive tax reform and greater spending efficiency are needed. "Inflation has declined significantly, the labor market ...

Hostplus snares LGT Wealth deputy CIO

ELIZABETH FRY  |  THURSDAY, 20 NOV 2025
... VicSuper as head of real assets and alternatives and acting chief investment officer for a time. VicSuper merged with First State Super in July 2020 to create Aware Super. In this role, he led an overhaul of the alternatives program, including global ...