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Showing 481 - 490 of 4180 results for "Amp"

Advisers' experience stands at 14.5 years

KARREN VERGARA  |  WEDNESDAY, 19 JUL 2023
... years' experience or less. Around 10% of registered advisers have exactly five years' experience. The biggest licensees such as AMP Financial Planning have on average 15.3 years of experience. Morgans Financial advisers have 17.3 years, while Ord Minnett ...

Pinnacle makes senior hire for American distribution

CHLOE WALKER  |  TUESDAY, 18 JUL 2023
... its managing director, portfolio solutions and its head of sales, portfolio solutions, Americas. Putica has also served at AMP as a senior fund accountant and BNP Paribas in client services. In his new role, Putica will work alongside Pinnacle's ...

FY23 farewells 700 advisers

KARREN VERGARA  |  FRIDAY, 14 JUL 2023
Financial advice firms AMP Financial Planning, Synchron, and Charter farewelled the largest number of advisers, dragging down the total population to 15,708 from 16,415 at the end of the 2023 financial year. Rainmaker analysis of ASIC's Financial Adviser ...

Australian inflation downturn on the horizon: AMP

ANDREW MCKEAN  |  THURSDAY, 13 JUL 2023
Australian inflation will fall over the next six months, according to AMP deputy chief economist Diana Mousina. During an AMP webinar, Mousina noted peak Australian inflation trailed the US by around six months, suggesting a similar delay should be ...

Ownership changes spur upheaval in unit trust sector

KARREN VERGARA  |  WEDNESDAY, 12 JUL 2023
... largest banks and then divested in the wake of the scandals exposed by the Royal Commission, Rainmaker said. As an example, AMP Capital's remaining unit trusts have lost around $1.9 billion in net flows in the year to March. "A significant amount ...

Platforms FUM falls $20bn: Report

CHLOE WALKER  |  WEDNESDAY, 12 JUL 2023
... billion, resulting in $14.2 billion overall net inflows. The top four platform players, Insignia, BT, Colonial First State and AMP all experienced decreases in FUM, down 4.2%, 7.1%, 4.5% and 6.8% respectively. However, Netwealth was up 14.4% to $65.9 ...

Federal Reserve plans upping capital requirements

CASSANDRA BALDINI  |  TUESDAY, 11 JUL 2023
The US Federal Reserve has proposed a regulatory overhaul in which the nation's largest banks would be forced to hold more capital in hopes future meltdowns in the sector can be prevented. Federal vice chair for supervision Michael Barr outlined ...

Commonwealth Bank backs Wollemi Capital

CHLOE WALKER  |  MONDAY, 10 JUL 2023
The bank was a major strategic investor in the investment boutique's recent capital raising, eyeing an opportunity to help its customers better manage their own carbon emissions. Named after the endangered Australian pine tree species, Wollemi Capital ...

Iress expands superannuation leadership

CHLOE WALKER  |  MONDAY, 10 JUL 2023
... and a sales manager role at SS&C Technologies. His first role in financial services was as a people and culture advisor to AMP. "It's great to be back in super and to be part of a technology-led business that is in a strong position to deliver brilliant ...

AMP loses BOLR changes class action

KARREN VERGARA  |  WEDNESDAY, 5 JUL 2023
The Federal Court this morning has ruled in favour of disgruntled AMP Financial Planning advisers who saw the value of their practices deteriorate after the parent company controversially changed its Buyer of Last Resort (BOLR) rules. In handing down ...