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More Asian HNWs enlisting private banks

MARK SMITH  |  WEDNESDAY, 12 JUN 2013
Asian high net worth (HNW) investors are increasingly enlisting the services of private banks to manage their wealth, according to Australian banking research and advisory firm East & Partners. In May 2013, East & Partners interviewed 949 C-suite executives ...

EQT appoints Australian equities head

MARK SMITH  |  WEDNESDAY, 12 JUN 2013
Former Wallara Asset Management co-founder has resurfaced at Equity Trustees Limited (EQT) as head of Australian equities. Dr Kasian has more than 25 years experience in the financial services industry in asset management and senior executive roles. ...

CareSuper awards $65m mandate to Neuberger Berman

MARK SMITH  |  TUESDAY, 11 JUN 2013
CareSuper has awarded Neuberger Berman a $65 million emerging markets equities mandate. CareSuper general manager of investments Greg Nolan praised Neuberger Berman's investment team and approach, saying they were key reasons for awarding the mandate. ...

Employed advisers could face $200k liability under FoFA

JAMES FERNYHOUGH  |  TUESDAY, 11 JUN 2013
Employed financial advisers will be personally liable for serious breaches of the Best Interests Duty if they are authorised representatives (ARs), according to Charmian Holmes, solicitor director at The Fold Legal (the Fold). Once the Future of Financial ...

Skaffold to set up alert service

ALICE URIBE  |  TUESDAY, 11 JUN 2013
An automated alert service will be added to online equity research product Skaffold, to enable advisers to better track clients' investments. The new service, which is due to be rolled out at the end of July, allows advisers to enter attributes of a ...

Kinetic Super targets transient members with new brand

JAMES FERNYHOUGH  |  FRIDAY, 7 JUN 2013
At Kinetic Super's official launch last night, the focus was on improved communication with a transient membership. 'Kinetic Super' is the new name for the Professional Associations Super (PASL), which includes RecruitmentSuper, Accountants Super, Australian ...

Corporate super specialists ask Treasury for FoFA exemption

JAMES FERNYHOUGH  |  FRIDAY, 7 JUN 2013
... members if they have taken a commission from the super fund. CSSA President Douglas Latto said this will undermine his profession, which relies on both aspects of the process - tenders and ongoing advice. "Having to choose between one or the other service ...

TASA necessary for customer protection: accountants

LAURA MILLAN  |  WEDNESDAY, 5 JUN 2013
The Institute of Public Accountants (IPA) is supporting the Tax Agent Services Act (TASA) scheduled to be voted on today in the House of Representatives. The IPA said that the measure will give Australians the necessary consumer protection when it comes ...

Employers divided on internal social media effectiveness

ALICE URIBE  |  WEDNESDAY, 5 JUN 2013
While more than 50% of employers are using social media to communicate and build community with their employees, there is little consensus as to which tools are most effective. According to a flash survey by global professional services company Towers ...

Latest Financial Standard issue available on the iPad app

STAFF REPORTER  |  TUESDAY, 4 JUN 2013
In the new edition of Financial Standard, we look at how banks and funds managers are shifting gear on technology spend and profile Frontier Advisors chief executive Damian Moloney You can read them on your iPad by downloading Financial Standard iPadA(C) ...