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Showing 481 - 490 of 1630 results for "Division 296"

Advisers to return US$125m in fees

KANIKA SOOD  |  TUESDAY, 12 MAR 2019
Financial advisers in the US are set to return about US$125m million to retail customers after a regulatory clampdown on inadequate fee disclosures last year. The Securities and Exchange Commission charged 79 people, including well-known names such ...

Banks, ASIC still at war over fees-for-no-service

HARRISON WORLEY  |  TUESDAY, 12 MAR 2019
ASIC's fee-for-no-service report card shows the regulator and some financial advice licensees still have fundamentally different views on what constitutes a fee-worthy service. ASIC's fees-for-no-service further review report card has shone light on ...

Australian Unity names equity origination head

KARREN VERGARA  |  MONDAY, 11 MAR 2019
A new head of equity origination is joining Australian Unity's wealth and capital markets business. Brad Watson joined in February as head of equity origination for property. He is responsible for developing and executing product and sales strategies ...

Former ASFA chair sees new EQT role

HARRISON WORLEY  |  MONDAY, 4 MAR 2019
Equity Trustees is welcoming a new deputy chair, moving a former Association of Superannuation Funds of Australia chair alongside current EQT chairman Jeff Kennett. Jim Minto has been appointed as deputy chair of Equity Trustees. It is a move set to ...

KPMG expands advice remediation team

HARRISON WORLEY  |  TUESDAY, 26 FEB 2019
KPMG recently launched a hiring spree to support clients with financial advice remediation efforts. As wealth managers further move to remediate customers for various fees for no service and financial advice misconduct, KPMG is bolstering its managed ...

Macquarie shuffles wealth leadership

HARRISON WORLEY  |  MONDAY, 25 FEB 2019
Macquarie's wealth division is about to see a few changes at the top. From April 1, Macquarie head of wealth product and technology Cameron Garrett will head up the firm's wealth intermediary. After leading the firm's wealth products and technology ...

ASIC finalises EU with HSBC

KARREN VERGARA  |  FRIDAY, 22 FEB 2019
ASIC has completed an enforceable undertaking with HSBC Bank Australia and is satisfied the bank met all requirements. HSBC entered the court enforceable undertaking with ASIC on 13 May 2016. The regulator was concerned HSBC provided "potentially deficient ...

Perpetual thinks outside value investing

KARREN VERGARA  |  THURSDAY, 21 FEB 2019
Perpetual flagged it will broaden its investment strategy outside of value investing following a challenging first-half reporting period. Chief executive and managing director Rob Adams said the firm's investment management division Perpetual Investments ...

Family office backs new boutique

KANIKA SOOD  |  TUESDAY, 19 FEB 2019
Three founding members of Macquarie's Asian listed equities division are set to launch a boutique with the backing of a prominent family office. Sam Le Cornu, who was Macquarie's Asian listed equities business' co-head, executive director and head of ...

Canadian pension fund manager dumps Blue Sky

JAMIE WILLIAMSON  |  THURSDAY, 14 FEB 2019
The strategic partnership between Blue Sky Alternative Investments and a $170 billion Canadian pension fund investment manager has been terminated. Blue Sky Water Partners has worked with Canada's Public Sector Pension Investment Board (PSP Investments) ...