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Showing 361 - 370 of 2938 results for "L1 Group"

Court approves $16m DASS settlement

KARREN VERGARA  |  FRIDAY, 19 APR 2024
The Federal Court has approved the settlement reached in the $16 million class action brought against Dixon Advisory & Superannuation Services (DASS) following a two-week delay. Justice Thawley sought to gather more information for the victims in delaying ...

Sequoia chair steps down

KARREN VERGARA  |  FRIDAY, 19 APR 2024
The chair of Sequoia Financial Group, John Larsen, has resigned from the position and his replacement has been appointed. Larsen's last day as chair was April 18 following five years at the post. He will stay at Sequoia as a non-executive director and ...

Adviser numbers plateau

KARREN VERGARA  |  THURSDAY, 18 APR 2024
The number of financial advisers in Australia appears to be stabilising at 15,602, as Count and AMP Financial Planning continue to hold the lion's share. Rainmaker's analysis of the ASIC Financial Adviser Register (FAR) shows that the population ...

Global Alternative Funds names managing director

ELIZABETH FRY  |  MONDAY, 15 APR 2024
Oak Hill Advisors executive Signe Brandt has left the T Rowe Price-owned subsidiary to join the rival alternative asset investor. Brandt worked at the $63 billion credit-focused Oak Hill for 13 years, building up its Australian presence. Global Alternative ...

Citi Australia managing director takes on expanded remit

ANDREW MCKEAN  |  FRIDAY, 12 APR 2024
Citi Australia has expanded the remit of managing director Nicki Ashton, appointing her as the head of financial institutions sales and solutions (FISS). In her new role, Ashton will provide strategic oversight of Citi's engagement and support for institutional ...

Court delays DASS class action settlement approval

KARREN VERGARA  |  FRIDAY, 5 APR 2024
The Federal Court has delayed approving the $16 million class action settlement against Dixon Advisory & Superannuation Services (DASS) as it seeks more information. The class action led by Shine Lawyers, which was also brought against former Dixon ...

GQG and Magellan see FUM growth

ELIZA BAVIN  |  FRIDAY, 5 APR 2024
Both GQG Partners and Magellan Financial Group reported higher funds under management (FUM) today, but one has seen significantly more growth than the other. Magellan reported total FUM of $37.3 billion as at March 28, up from $37.2 billion on February ...

Former adviser slapped with 12 charges

KARREN VERGARA  |  WEDNESDAY, 3 APR 2024
A former financial adviser has been charged with 12 counts of dishonest conduct for falsifying clients' documents to access their superannuation accounts. The Downing Centre Local Court yesterday slapped the charges on David Mario Valvo while running ...

Charter Hall acquires stake in hotel REIT

KARREN VERGARA  |  TUESDAY, 2 APR 2024
Charter Hall Group is paying $96.9 million for a stake in a REIT that invests in hotels, pubs, and motels across Australia. The joint venture between Charter Hall and its Charter Hall Retail REIT (CQR) bought the 14.8% stake in Hotel Property Investments ...

Perpetual awards State Street subsidiary a major mandate

ANDREW MCKEAN  |  MONDAY, 25 MAR 2024
Perpetual has appointed State Street subsidiary Charles River to manage front office operations for its Australian asset management business. Perpetual's Australian asset management business will use Charles River's Investment Management Solution (Charles ...