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Showing 461 - 470 of 1866 results for "broker"

Macquarie expands US funds management

KANIKA SOOD  |  FRIDAY, 12 APR 2019
Macquarie Investment Management has purchased the mutual fund assets of a 145-year-old American financial services organisation. Foresters Investment Management Company which acts as the investment adviser of the First Investors funds entered into a ...

Bravura circles competitor

KANIKA SOOD  |  FRIDAY, 12 APR 2019
The wealth management software firm has made a proposal to acquire another ASX-listed fintech that could value the latter at up to $170 million. Bravura Solutions submitted a non-binding indicative proposal to acquire all shares of GBST Holdings for ...

Northern Trust eyes super fund trading desks

KANIKA SOOD  |  WEDNESDAY, 3 APR 2019
Northern Trust thinks the $2.8 trillion superannuation industry will increasingly outsource its trading functions and it wants a slice of the business. As Aussie super funds bring investments in-house and face greater demands for accountability from ...

Alternative platform launches

HARRISON WORLEY  |  TUESDAY, 2 APR 2019
A new platform has launched offering advisers and clients the opportunity to hold investments themselves. FinClear today launched its HIN Platform, which uses the Holder Identification Number (HIN) of end investors to hold investments, rather than the ...

BGL announces new integrations

ELIZABETH MCARTHUR  |  MONDAY, 25 MAR 2019
The provider of ASIC corporate compliance solutions and SMSF administration announced new integrations. In what BGL says is an "industry first", the company announced an integration with Smarter SMSF which will allow CAS 360 and Simple Fund 360 clients ...

Adelaide to get cash-to-crypto trial

ELIZABETH MCARTHUR  |  THURSDAY, 21 MAR 2019
A global cryptocurrency exchange announced it is testing out a new way to buy bitcoin with cash, choosing Adelaide for the experiment. Binance, one of the world's largest cryptocurrency exchanges, announced the launch of Binance Lite Australia. The ...

Macquarie axes SMSF residential property loans

ELIZABETH MCARTHUR  |  THURSDAY, 21 MAR 2019
Macquarie Bank revealed in a note to brokers it has made significant changes to its product offerings. The bank confirmed it is no longer offering SMSF residential home loans, with the change effective from April 30. Macquarie will continue to service ...

NAB agrees to RC wealth recommendations

HARRISON WORLEY  |  FRIDAY, 15 MAR 2019
National Australia Bank agreed to all of the Royal Commission's recommendations directly relating to the wealth management industry. Releasing its full response to Commissioner Hayne's 76 suggested changes to Australia's financial services industry ...

Mortgage broker trail commissions to stay

KANIKA SOOD  |  WEDNESDAY, 13 MAR 2019
... remuneration for the profession over a two to three year timeline. "The borrower, not the lender, should pay the mortgage broker a fee for acting in connection with home lending," Commissioner Kenneth Hayne recommended. "Changes in brokers' remuneration ...

Advisers to return US$125m in fees

KANIKA SOOD  |  TUESDAY, 12 MAR 2019
... fees were not adequately disclosed to clients. They went to investment advisers in their capacity as brokers, to their broker-dealer affiliates, or to their personnel who were also registered representatives, creating a conflict between advisers' ...