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Showing 3871 - 3880 of 9281 results for "wealth"

Ferrari restructures AMP wealth leadership

HARRISON WORLEY  |  THURSDAY, 7 FEB 2019
AMP chief executive Francesco De Ferrari has made sweeping changes to the wealth manager's leadership structure, with advice at the forefront. Current group executive of advice Alex Wade - who was appointed late last year to replace Jack Regan - ...

CBA posts $4.6b in profits, dividend flat

KANIKA SOOD  |  WEDNESDAY, 6 FEB 2019
... remediation now stands at $1.46 billion, including provisions. This includes advice. Majority of this ($1.2 billion) is for the wealth customers including reviews of its advice and service delivery functions, Credit Card Plus, CommInsureLife Insurance ...

Wealth manager appoints former NSW Premier to chair foundation

HARRISON WORLEY  |  WEDNESDAY, 6 FEB 2019
... Carr has been appointed as chairman of Crescent Foundation, the charity supported by Islamic superannuation fund Crescent Wealth. The former New South Wales Premier and Australian Foreign Minister will lead the foundation's board, which is also welcoming ...

Platforms steady after Royal Commission

KANIKA SOOD  |  TUESDAY, 5 FEB 2019
... recommend either structural separation or wider approved product lists. And this could slow down the adviser migration from big wealth managers to independent platforms like Netwealth and HUB24, according to UBS analyst Kieren Chidgey. Chidgey says over ...

Hayne stops short of dismantling vertical integration

HARRISON WORLEY  |  TUESDAY, 5 FEB 2019
... financial services industry in Australia, Hayne avoided calling an end to the vertical integration model - which allows wealth managers to own and operate the entire wealth stack: funds management, financial advice, superannuation and platforms. Responding ...

Hayne targets superannuation employer connections

KARREN VERGARA  |  MONDAY, 4 FEB 2019
... allocations. This does not include broad advice on how the member might best provide for their retirement or maximise their wealth generally. "Any practice by trustees of allowing fees for these latter kinds of financial advice to be deducted from superannuation ...

OPINION: Post RC, where to now for retail super?

ALEX DUNNIN  |  MONDAY, 4 FEB 2019
... and nothing but that job. Retail trustees that try to combine their job with that of sales-feeding funnels for associated wealth management groups will be shown the door. Or they been pursued in the courts. Put another way, the retail trustee model has ...

Outflows dent IOOF advice, funds businesses

KARREN VERGARA  |  MONDAY, 4 FEB 2019
... our partners while expanding our footprint." ANZ announced it will divest its four aligned dealer groups to IOOF - ANZ Wealth Management comprising RI Advice, Millennium3, Financial Services Partners and Elders Financial Planning dealer groups - in October ...

Hiring outlook subdued: Poll

KARREN VERGARA  |  MONDAY, 4 FEB 2019
... a result of the Royal Commission. "Another major trend this half will be the continued movement of technically skilled wealth management professionals, such as paraplanners, into lucrative compliance and remediation roles," the Hays report said. "This ...

HNWs to embrace alternatives in 2019: Fund manager

JAMIE WILLIAMSON  |  FRIDAY, 1 FEB 2019
... firm plans to allocate much of the $175 million it raised in 2018 to alternatives, anticipating family offices and private wealth advisers will increasingly do the same. Spire Capital raised $175 million in aggregate for three alternative fund opportunities ...