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Showing 3811 - 3820 of 9281 results for "wealth"

Westpac exits personal advice, restructures leadership

JAMIE WILLIAMSON  |  TUESDAY, 19 MAR 2019
Westpac is realigning its wealth strategy and BT Financial Group will cease as a standalone division. The group has also agreed to sell a number of advisers to Viridian Advisory. BT Financial Group will cease to be a standalone division of Westpac Group. ...

Link Group restructures, adds executives

JAMIE WILLIAMSON  |  FRIDAY, 15 MAR 2019
... Asia Pacific region has also been appointed in former Mercer Administration Services lead Nigel McCammon. "Nigel has a wealth of domestic and international financial services experience and has held a number of senior operational and client focused roles," ...

NAB agrees to RC wealth recommendations

HARRISON WORLEY  |  FRIDAY, 15 MAR 2019
National Australia Bank agreed to all of the Royal Commission's recommendations directly relating to the wealth management industry. Releasing its full response to Commissioner Hayne's 76 suggested changes to Australia's financial services industry ...

Swiss group acquires stake in local wealth firm

KANIKA SOOD  |  THURSDAY, 14 MAR 2019
A Swiss private banking group has bought a 51% share in an Aussie wealth firm, as the two form a long-term strategic partnership to expand globally. EFG International paid $61.2 million for the stake in Shaw and Partners, valuing the company at $120 ...

Commonwealth Bank delays wealth demerger

JAMIE WILLIAMSON  |  THURSDAY, 14 MAR 2019
Commonwealth Bank is delaying its demerger plans for its wealth management and mortgage broking businesses. Announced today, the group said it is prioritising the implementation of the Royal Commission's recommendations, refunding customers and ...

Younger HNWs splashing on art

KANIKA SOOD  |  WEDNESDAY, 13 MAR 2019
... generation," the report said. "A similar trend held for status, cultural credibility, and collecting art as a sign of personal wealth and success, which was rated one of the least important overall but ranked more highly by millennial collectors than ...

Platform rebrands for next phase

JAMIE WILLIAMSON  |  TUESDAY, 12 MAR 2019
... non-superannuation Wrap solution. Managed Accounts Holdings - also known as managedaccounts.com.au - is rebranding to Xplore Wealth. The company said the new brand was chosen to reflect its universal growth purpose and will be accompanied by a program ...

Allianz Retire+ launches flagship product

KARREN VERGARA  |  TUESDAY, 12 MAR 2019
... Allianz Retire+ chief executive Matthew Rady said the finance industry has an inherent focus on accumulation and compounding wealth. "Our launch also says that it is time to shift the focus to those entering the decumulation phase of their life. The ...

Banks, ASIC still at war over fees-for-no-service

HARRISON WORLEY  |  TUESDAY, 12 MAR 2019
... agreements to determine what services customers were entitled to. In AMP's report card the regulator consistently mentioned the wealth manager had so far not proposed methodologies for advisers who had already left the business. ASIC commissioner Danielle ...

HNW advice firm backs AfterPay rival

KANIKA SOOD  |  TUESDAY, 12 MAR 2019
A high-net worth advice and wealth firm has helped raise $30 million for a homegrown AfterPay rival, in a private debt opportunity for its clients. Escala Partners worked with corporate advisory firm Henslow to inject $30 million in debt and equity ...