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Showing 351 - 360 of 561 results for "CEA"

Arnhem portfolio manager departs

JAMIE WILLIAMSON  |  FRIDAY, 21 SEP 2018
As the winding down of Arnhem Investment Management rolls on, the portfolio manager of its Global Growth SMA is bowing out. Arnhem partner and portfolio manager Theo Maas has confirmed he is leaving the embattled fund manager, effective today. In a ...

Dealer groups lift due diligence post Dover

JAMIE WILLIAMSON  |  MONDAY, 17 SEP 2018
The sudden closure of Dover Financial Advisers saw a mad scramble by authorised representatives to secure alternative licensing arrangements. Hundreds were successful in doing so before the July 6 deadline, but latest ASIC Financial Adviser Register ...

CommInsure misled FOS: Royal Commission

KARREN VERGARA  |  THURSDAY, 13 SEP 2018
CommInsure admitted it misled the Financial Ombudsman Service that was helping resolve a claimant's dispute by deliberately withholding medical information and delaying the process, the Royal Commission heard yesterday afternoon. Counsel assisting ...

BT Financial Group proposes advice restructure

JAMIE WILLIAMSON  |  FRIDAY, 7 SEP 2018
BT Financial Group is reviewing its business model for salaried financial advisers, with plans to discontinue the Virtual Advice offering - resulting in significant redundancies. BT Financial Advice has proposed the scrapping of its virtual advice initiative ...

More risk advisers offloading practices

KARREN VERGARA  |  WEDNESDAY, 29 AUG 2018
Pressures of the Royal Commission, the Life Insurance Framework and educational reforms are prompting risk advisers to hurriedly sell their practices at discount prices, a merger and acquisitions expert says. Radar Results principal John Birt said there ...

Morgan Stanley amends false independence claims

JAMIE WILLIAMSON  |  TUESDAY, 28 AUG 2018
Morgan Stanley Wealth Management was caught by ASIC for falsely claiming it was independent. According to the regulator, Morgan Stanley made a claim in an ASX announcement released by Praemium in June that its services included an independent advice ...

Hedge fund industry body promotes Aussie talent

KANIKA SOOD  |  FRIDAY, 24 AUG 2018
An AMP Capital head has been promoted to chair the Australian board of a global industry body that represents more than $2 trillion of hedge fund or private credit assets. Alternative Investment Management Association's Australian board will now ...

Equity Trustees responds to GAM suspension

JAMIE WILLIAMSON  |  TUESDAY, 7 AUG 2018
Equity Trustees halted applications into and redemptions from two GAM Investments funds following the suspension of the global manager's fixed income investment director. In a letter to unitholders, Equity Trustees - as responsible entity for the ...

Lose grandfathered commissions, lose business: MLC

KARREN VERGARA AND JAMIE WILLIAMSON  |  MONDAY, 6 AUG 2018
The financial services Royal Commission questioned if MLC's decision to stick with grandfathered arrangements was in the best interest of members following a large consolidation of superannuation funds that provided an opportunity to remove them. ...

Royal Commission revisits fees for no service

KARREN VERGARA  |  MONDAY, 6 AUG 2018
Superannuation funds are coming clean about charging members advice fees in return for no services well before the financial services Royal Commission kicks into its latest round of public hearings. In the Royal Commission's fifth round, which kicked ...