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| | | ... said it will cut US$100 billion in assets, shrink its investment bank and close a third of its US branches as it shifts focus to Asia and the Middle East. Interim chief executive Noel Quinn said the changes are significant and warned of "meaningful" ... |
| | | | In an update to the SMSF Association conference, the Australian Financial Complaints Authority has revealed complaints about financial advice are minimal. Addressing the conference, Ian Donald and Shail Singh, both ombudsmen at AFCA, said investments ... |
| | | | Following its acquisition of a stake in Escala Partners, New York-based Focus Financial Partners is set to buy a slice of Melbourne-based MEDIQ Financial Services. Focus has entered a definitive agreement to partner with Ravi Agarwal's MEDIQ Financial ... |
| | | | With the coronavirus, now dubbed COVID-19, impacting not only many lives, but now also the bottom line of some of the world's biggest companies, investors are chasing shorting opportunities to bank big on the pandemic. According to the World Health ... |
| | | | ... funds are sure to see there is a market in that strategy. Cooper took a different tact, saying he wants to see a bigger focus in the industry on spending capital and celebrating outflows, saying that is the very point of a retirement system. He also ... |
| | | | Franklin Resources, trading as Franklin Templeton, has entered into a $6.7 billion agreement to acquire Legg Mason, creating a $2.24 trillion investment powerhouse. Under the agreement, which was unanimously approved by both boards, Franklin Templeton ... |
| | | | ... the appointments would help set the investment firm apart. "Jabe and Simon's combined experience, leadership and client focus provides a solid foundation that sets our franchise up for the next era of growth," he said. Jerram has spent more than three ... |
| | | | ... always experienced in the past," AIA Australia and New Zealand chief executive Damien Mu said. Mu added the insurer's main focus for advisers remains on providing them the best support and the best proposition for their clients. "We're committed to making ... |
| | | | Investment Trends has released the 16th edition of its Platform Benchmarking and Competitive Analysis Report, with Netwealth taking out the top gong. The wealth management platform led the pack for overall platform functionality, followed closely by ... |
| | | | Zenith Investment Partners announced a $12 million acquisition supporting its push into the superannuation industry. Zenith has entered into an agreement to purchase the Chant West superannuation and consultancy business, supporting the growth ambitions ... |
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