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Global manager acquires Australian tech firm

ALEX BURKE  |  FRIDAY, 21 APR 2017
... Genie's value proposition to its customers, and providing strategic and capital support to the business to deliver on its next phase of growth," Lipchin said. The news of the acquisition follows IFM's infrastructure business partnering with Samsung Asset ...

ESG adoption grows, returns follow

JAMIE WILLIAMSON  |  FRIDAY, 21 APR 2017
... against peers. Despite this, 90% of APAC investors surveyed said they aspire to integrate a fuller ESG strategy over the next two years - one that goes beyond negative screening. Globally, 80% of respondents have already incorporated an ESG component ...

Stone and Chalk lends voice to start-ups by women

MICHELLE BALTAZAR  |  THURSDAY, 13 APR 2017
... Fintech' panel discussion was held at the Sydney headquarters and hosted by Jemma Enright, chief executive of a start-up called Next Milestone. The aim of the forum was to open up a discussion on how more female entrepreneurs can enter the fintech sector. ...

Confidence slip

BENJAMIN ONG  |  THURSDAY, 13 APR 2017
... previous month - the fifth consecutive month where pessimists outnumbered optimists - with the index for economic over the next 12 months dropping by 6.5% over the month and the "time to buy a major household item" sub-index down by 2.9%. With the RBA ...

Fintech apps disrupt advice model

KARREN VERGARA  |  WEDNESDAY, 12 APR 2017
Fintechs are deploying the next generation of financial planning applications and disrupting the traditional advice model, a new study has found. In response to advisers' demand for increased process efficiency and compliance automation, the latest ...

CGT top of adviser minds

KARREN VERGARA  |  TUESDAY, 11 APR 2017
... for their clients seeking to contribute to super. For clients aged between 65 and74 wanting to make a contribution in the next year will need to satisfy the work test rules. "Although previously proposed to be removed, the work test is here to stay which ...

CBA spearheads push for quantum computing

ALEX BURKE  |  MONDAY, 10 APR 2017
... Australian innovation that is world leading and that we believe will materially benefit our customers and shareholders over the next decade."

Morningstar downgrades Franklin Templeton parent rating

ALEX BURKE  |  MONDAY, 10 APR 2017
... but Morningstar told Financial Standard that Australian fund reports would be updated with the new parent assessment in the next periodical review. In its reports for the funds, Morningstar explained its parent rating thus: "Publicly traded but family ...

Investment management industry needs overhaul: CFA

KARREN VERGARA  |  MONDAY, 10 APR 2017
... shows. About 84% of the 1000 investment management professionals surveyed globally expect the industry to consolidate over the next five to 10 years, with 63% stating profit margins will remain flat or contract. A majority (70%) expect to see more assets ...

AZ NGA firm procures consultant

JAMIE WILLIAMSON  |  MONDAY, 10 APR 2017
AZ Next Generation Advisory subsidiary Wise Planners acquired the corporate superannuation consulting business of a North Sydney-based financial advisory firm. The purchase of Northbridge Financial Consulting from Northbridge Financial Solutions brings ...