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Showing 4241 - 4250 of 8591 results for "SIM"

Grant Samuel sells 80pct stake in GSFM

DARREN SNYDER  |  FRIDAY, 4 NOV 2016
Canadian wealth management firm CI Financial has purchased an 80% stake in Grant Samuel Funds Management. The deal is expected to close later this month with CI acquiring the stake previously held by the corporate advisory firm Grant Samuel, which established ...

ASIC bans Brisbane life adviser

KERRIE SYDEE  |  FRIDAY, 4 NOV 2016
ASIC has banned a Brisbane based life insurance financial adviser from providing financial services for five years after an investigation found he had failed to comply with several financial services laws. Former authorised representative of Affinia ...

Trump and Brexit comes back to haunt

BENJAMIN ONG  |  FRIDAY, 4 NOV 2016
Just when we thought Halloween was over, things are still going bump day and night. Things like the VIX - "fear" - index. It bumped up to a reading of 22.1 overnight, just six points shorts of this year's high of 28.1 reached on the 11th of February. ...

Westpac commits to social finance leadership

DARREN SNYDER  |  THURSDAY, 3 NOV 2016
Westpac says it is dedicated to leading the development of social finance in Australia and is eager to introduce other institutional investors to future transactions. Westpac Institutional Bank executive director and head of structured finance, Greg ...

Consultum rewards star advisers

KERRIE SYDEE  |  WEDNESDAY, 2 NOV 2016
Consultum Financial Advisers recognised excellence in financial advice by revealing its 2016 award winners. Announced at the company's annual conference in Vietnam, Adviser of the Year was awarded to Anthony D'Alessandro of Victorian based Required ...

FirstChoice Alternatives adds new macro manager

KERRIE SYDEE  |  WEDNESDAY, 2 NOV 2016
Colonial First State's FirstChoice Alternatives portfolio has added a new macro investment manager and hit a new funds under management milestone. London based discretionary macro manager H20 Asset Management was recently added to the portfolio, taking ...

Milliman and Frontier explore new retirement product

DARREN SNYDER  |  TUESDAY, 1 NOV 2016
Superannuation industry consultants Milliman and Frontier Advisors have considered an alternative to a deferred lifetime annuity that trades off risk management for more flexibility. The "rainy day fund" would set aside funds that are not drawn upon ...

Economic Wrap

BENJAMIN ONG  |  TUESDAY, 1 NOV 2016
Australia private sector credit Total private sector credit increased by 0.4% in September - in line with market expectations - following similar gains in the previous two months. Credit to housing and to business went up by 0.5% (from up 0.5% in August) ...

ANZ to sell Asian retail, wealth businesses

JAMIE WILLIAMSON  |  MONDAY, 31 OCT 2016
ANZ is set to sell its retail and wealth businesses across five Asian countries to a Singapore bank. ANZ has entered an agreement with DBS Bank to acquire ANZ's branch network across Singapore, Hong Kong, China, Taiwan and Indonesia. The transaction ...

CBA responds to systemic advice failures

KERRIE SYDEE  |  FRIDAY, 28 OCT 2016
The Commonwealth Bank of Australia will repay more than 65% of the $154 million in required compensation estimated by ASIC. In response to ASIC's report 'Financial advice: Fees for no service', CBA has confirmed it will be refunding $105 million in ...