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BENJAMIN ONG  |  MONDAY, 31 JUL 2017
Wall Street's on a tear with all of the equity market's benchmark indices - S&P 500; Dow Jones; Nasdaq; Russell 2000 - hitting record highs last week. The most proximate cause is, of course, the strong June quarter earnings results. According to Factset ...

Former Wallabies captain joins Stockspot

JAMIE WILLIAMSON  |  WEDNESDAY, 26 JUL 2017
A former Australian Wallabies captain will lead Stockspot's new partnership strategy on a consultative basis, with financial advisers and accountants firmly in his sights. Stirling Mortlock, who led the Australian national rugby union side from 2006 ...

AFA collaborating for education framework rethink

JAMIE WILLIAMSON  |  FRIDAY, 14 JUL 2017
The Association of Financial Advisers is calling on the broader financial services sector to help shape a new framework for adviser education, acknowledging all other existing frameworks in the market. The industry body will work with the Beddoes Institute ...

Whitehelm boosts water investments

KARREN VERGARA  |  THURSDAY, 6 JUL 2017
Infrastructure investment manager Whitehelm Capital poured £45 million ($77 million) into debt issued by a UK water and sewerage company. Whitehelm finalised its investment in a junior loan issued by Kelda Finance, the first holding company of Yorkshire ...

Australian end of financial year sale

BENJAMIN ONG  |  FRIDAY, 30 JUN 2017
... equities will end the final day of FY2016-17 with an EOFYS (end of financial year sale) gauging from the heavy selling on Wall Street and Europe overnight. The S&P 500 index closed 0.9% lower last night (the Nasdaq even more, down 1.4%) while the Stoxx ...

Wealth and investment leads Aussie fintech

EMMA RAPAPORT  |  WEDNESDAY, 28 JUN 2017
Wealth and investment is one of Australia's largest fintech sub-sectors according to an industry representative group. Releasing its first member ecosystem map, FinTech Australia showed wealth and investment sits alongside consumer and business lending ...

Actor linked to Malaysian pension fund scandal

ALEX BURKE  |  MONDAY, 19 JUN 2017
... Abdul Aziz, co-founded production company Red Granite Pictures, which co-financed the 2013 Jordan Belfort biopic The Wolf of Wall Street. When news of the scandal broke, a spokesperson for DiCaprio announced he would return any gifts or donations directly ...

Good to go

BENJAMIN ONG  |  MONDAY, 29 MAY 2017
... interest rates are a negative for the equity market - perhaps, the rationale behind the old adage "three hikes and stumble" on Wall Street (that is, that US equities sell off after the Fed's third rate hike). But the Fed has already raised rates three ...

Colonial First State platforms make deferred annuities more accessible

JAMIE WILLIAMSON  |  WEDNESDAY, 24 MAY 2017
... through Colonial First State platforms. Speaking at an adviser event in Sydney yesterday, CFS head of retail platforms Sam Wall announced that from 1 July 2017, Challenger products will be available across both FirstWrap and FirstChoice - a first for ...

Insurance counteracting ageing population risks

KARREN VERGARA  |  FRIDAY, 19 MAY 2017
Governments increasingly withdrawing support for retirees and ageing populations is a worrying global trend, but presents an emerging opportunity for the insurance industry to fill the gap, new research from reinsurer Swiss Re shows. The 'ageing wallet' ...