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Market Wrap AM

AAP  |  MONDAY, 17 JUN 2013
... Monetary Fund pared its 2014 forecast for US growth, blaming the government's sharp "sequester" spending cuts. LONDON - Europe's top stock markets managed small gains as traders began to look ahead to a US Federal Reserve meeting next week that could ...

Aust shares open more than 1pc higher

AAP  |  FRIDAY, 14 JUN 2013
... the level of increases mirroring Thursday's losses. Steelmaker and resources company Arrium is the best performer among the top 100 companies, up four cents, or 5.9 per cent, to 72 cents. BHP Billiton is 76 cents, or 2.37 per cent, higher at $32.88 and ...

Asian LGBT advice firm headhunts Aussie planners

MARK SMITH  |  FRIDAY, 14 JUN 2013
Hong Kong-based Financial Partners, the advisory firm behind Asia's first LGBT (Lesbian, Gay, Bisexual and Transgender) wealth management business, is actively recruiting Australian financial planners to the specialist division. Financial Partners has ...

Fund manager dismisses super fund fee demands

MARK SMITH  |  FRIDAY, 14 JUN 2013
... headline annual management fee of 0.6% with an added performance fee of 15% of the manager's outperformance of the index on top. Miller acknowledged that a well-designed performance fee can help protect investors from paying for poor returns but that ...

Australians missing $18 billion in lost super

JAMES FERNYHOUGH  |  THURSDAY, 13 JUN 2013
... $2,592. While 30% of Australians with super have more than one account, 58% believed there was no benefit in doing so. The top two reasons for not consolidating funds were lack of time and lack knowledge how to do so.

Australian online broker market 'world's most highly concentrated'

JAMES FERNYHOUGH  |  WEDNESDAY, 12 JUN 2013
... respondents rated the overall service as 'good' or 'very good'. US firms scored the highest on satisfaction - nine of the top ten firms were American, including Vanguard at number one. Australia was the least competitive environment, with the top five ...

LinkedIn the fastest-growing tech company... again

JAMES FERNYHOUGH  |  FRIDAY, 7 JUN 2013
... three-year average sales growth of 102%, LinkedIn beat second-place Facebook (87 %), and third-place Apple (55%), taking the top spot for the second year in a row. LinkedIn's 12 month sales growth figures were even more impressive. At 80%, it trounced ...

The coming 2013 crash according to Paul B. Farrell

BENJAMIN ONG  |  FRIDAY, 7 JUN 2013
... he carefully and selectively chose to confirm his bias that the "sky is falling" by the end of 2013 so am just listing his top 10 headers on why markets will kick the bucket by year end. (you can read his full tale of horror here. The bucket list: 1. ...

Market Wrap AM

AAP  |  FRIDAY, 7 JUN 2013
... hold and held off providing more monetary stimulus to the fragile economic recovery, dealers say. London's FTSE 100 index of top companies shed 1.30 per cent to finish at 6,336.11 points on Thursday, Frankfurt's DAX 30 index lost 1.19 per cent to 8,098.81 ...

Advisers should facilitate philanthropic giving

LAURA MILLAN  |  THURSDAY, 6 JUN 2013
... be seen as something that only wealthy people can do. "I would really like to see the question of structured philanthropy top of mind and on the agenda more regularly for financial planners and their clients," Bailey said. "It doesn't matter whether ...