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Showing 4171 - 4180 of 9477 results for "tech"

Fintech firm launches $7.5m IPO

ALEX BURKE  |  TUESDAY, 7 NOV 2017
A fintech business offering a commission-free flat-fee ASX brokerage service has opened its initial public offering, aiming to raise up to $7.5 million. SelfWealth (ASX:SWF) will issue 37.5 million shares at 20c per share and anticipates market capitalisation ...

Former Lehman Brothers chief unveils new asset manager

ALEX BURKE  |  TUESDAY, 7 NOV 2017
The creation of a new US asset manager represents former Lehman Brothers chief executive Dick Fuld's most public Wall Street comeback since Lehman's collapse in 2008. Targeting high net worth individuals, family offices and institutions, Matrix Private ...

Advisers divided on mixing advice: Poll

KARREN VERGARA  |  MONDAY, 6 NOV 2017
Financial advisers are divided when it comes to combining human advice with robo solutions. About 43% of advisers want to embed digital or robo solutions together with face-to-face advice, while an equal number completely shun this idea. Only 13% of ...

FinPal integrates broking capabilities

JAMIE WILLIAMSON  |  MONDAY, 6 NOV 2017
FinPal will add functionality for mortgage brokers to its software to accommodate for the increasing overlap of broking with financial advice. The next release of the FinPal software will seek to bridge the gap created by advisers and brokers using ...

ANZ launches LIF resource

KARREN VERGARA  |  FRIDAY, 3 NOV 2017
ANZ Wealth has launched an online resource to help prepare financial advisers for the looming Life Insurance Framework (LIF) reforms. The online hub provides guidance on how OneCare commissions will be paid, detail key deadlines and how the transition ...

Spaceship appoints new portfolio manager

ALEX BURKE  |  FRIDAY, 3 NOV 2017
... total fees from 1.6% to 0.99% per annum. Spaceship also rebalanced its flagship fund, GrowthX, boosting its allocation to tech stocks from 30% to 50%. At the time, Spaceship chief executive Paul Bennetts explained: "Australian equities only make up 3% ...

Quant manager ties momentum with machine

DARREN SNYDER  |  FRIDAY, 3 NOV 2017
A global quantitative investment manager has turned the clock to re-evaluate its momentum strategies, using expertise in machine learning to build better alpha-capturing trading systems. In his recent trip to Australia, Man AHL chief scientist Anthony ...

More clarity needed on NAB redundancies

JAMIE WILLIAMSON  |  FRIDAY, 3 NOV 2017
The Financial Sector Union of Australia is concerned with NAB's lack of detail provided around plans to cut almost 20% of its staff by 2020. The FSU responded to the news of planned job cuts by demanding urgent talks with NAB chief executive Andrew ...

Centrepoint names interim chief executive

ALEX BURKE  |  FRIDAY, 3 NOV 2017
In the midst of an executive search following John de Zwart's resignation, Centrepoint Alliance has appointed an interim chief executive. From November 24, Soula Cargakis will lead the financial advice network. She is currently Centrepoint's distribution ...

Financial services firms eye machine learning

KARREN VERGARA  |  THURSDAY, 2 NOV 2017
Machine learning is transforming the way financial services operates, as a growing number of Australian firms are adopting it to make sense of big data and to improve productivity. According to Bloomberg, more than half (55%) of Australian financial ...