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MLC/NAB earnings down but advisers up

ELISE BURGESS  |  FRIDAY, 28 OCT 2011
MLC and NAB Wealth cash earnings declined 12.5% to $533 million for the September 30 full year although it reported strong investment in adviser numbers, up from 1,555 to 1,864. The total funds under management for MLC and NAB Wealth is sitting at $112.7 ...

ASX: Breakdown unrelated to Monday's Chi-X launch

CLAIRE MCGREAL  |  FRIDAY, 28 OCT 2011
The Australian Securities Exchange has admitted that yesterday's four-hour trade stoppage wasn't good enough, but said it had nothing to do with the launch of rival exchange operator Chi-X next week. ASX Trade was down from 10.05 am to just after 2 ...

Zurich launches Android app

CLAIRE MCGREAL  |  THURSDAY, 27 OCT 2011
Australian life insurer Zurich has launched an Android app, which the company said reflects the growing number of smartphones and tablets using the Android platform. The app is an Android version of LifeXpress Mobile, Zurich's quoting and field underwriting ...

Market Wrap - Morning

AAP  |  THURSDAY, 27 OCT 2011
SYDNEY - The Australian market looks set to open higher following Wall Street's trading more than one per cent higher and after local shares rose on Wednesday. At 0840 AEDT on Thursday, the December share price index futures contract was up 27 points ...

MacMillan wins AFA Adviser of the Year

ELISE BURGESS  |  WEDNESDAY, 26 OCT 2011
West Australian financial planner, Troy MacMillan, has taken out the top gong at the Association of Financial Advisers (AFA) annual conference and been named Adviser of the Year for 2011. The award, sponsored by Zurich Financial Services Australia ...

Vow Financial opens second Sydney office

CLAIRE MCGREAL  |  WEDNESDAY, 26 OCT 2011
Mortgage aggregator Vow Financial has opened a new wealth management office in Parramatta following its recent move into the wealth management space. Vow Wealth Western Sydney will offer support and products to a select number of Vow Financial brokers ...

Plan B appoints new group executive, product and distribution

CLAIRE MCGREAL  |  WEDNESDAY, 26 OCT 2011
Boutique wealth management firm Plan B Group Holdings has appointed Paul Cramer as group executive, product and distribution, as part of its overall expansion strategy. Based in Perth, Cramer will lead the firm in wealth management (advice) product ...

Guardian Advice appoints new WA state manager

CLAIRE MCGREAL  |  TUESDAY, 25 OCT 2011
A former CommInsure business development manager, Wes King, has been appointed the new state manager for Guardian Advice in Western Australia. King will be responsible for managing and growing the Asteron-aligned dealer group's advice network in the ...

Party in the making

BENJAMIN ONG  |  TUESDAY, 25 OCT 2011
An agreement is nigh! That, at least, is the conclusion one could derive if one had one's ear pressed closed to the European Union meeting in Brussels. There really was nothing fresh about the fresh reports that littered cyberspace after the 23 October ...

Market Report- Morning

AAP  |  TUESDAY, 25 OCT 2011
SYDNEY - The Australian market looks set to open higher, after Wall Street and the major Europen markets finished up overnight. At 0847 AEDT on Tuesday, the December share price index futures contract was up 32 points at 4,281. In economic news on Tuesday ...