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Showing 31 - 40 of 46 results for "Advice Division"

Bank results underpin wealth management new era

LAURA MILLAN  |  FRIDAY, 8 MAY 2015
As the big four banks prepare for the end of the extraordinary bull run experienced since the global financial crisis, their wealth management arms also gear up for a new era. In a more challenging market and regulatory environment, the focus for the ...

Report confirms failed CBA compensation

LAURA MILLAN  |  THURSDAY, 23 APR 2015
An independent report by forensics firm KordaMentha has confirmed that the advice divisions of Commonwealth Bank (CBA) failed to implement consistent compensation programs under the regulator's surveillance. Following the report, CBA will need to contact ...

Big end of town to face Senate over bad advice

LAURA MILLAN  |  FRIDAY, 17 APR 2015
... months. Nationals Senator John Williams said he specifically wants to ask ANZ about the 8,500 clients of the bank's advice division who did not receive yearly revisions and that are being compensated with $30 million. "I want to know what they are doing ...

Midwinter launches scaled advice division

LAURA MILLAN  |  THURSDAY, 16 APR 2015
Software provider Midwinter has set up a scaled advice division and appointed a former Fortnum Financial executive to lead the company's strategy in this area. Halie Samson will be head of scaled advice at Midwinter and was previously project manager ...

CBA chairman defends compensation program at AGM

LAURA MILLAN  |  THURSDAY, 13 NOV 2014
Commonwealth Bank (CBA) chairman David Turner defended the bank's performance and its reaction to the financial planning scandals in front of shareholders at the annual general meeting in Melbourne yesterday. "We know that saying sorry is not enough ...

Profit up and new products for ClearView

MARK SMITH  |  WEDNESDAY, 27 AUG 2014
... (up from $8.4 million), wealth management contributed $5.9 million (down from $6.6 million) while the financial advice division contributed $3.5 million (up from $800,000). Funds under management (FUM) in ClearView products increased 8% over the year ...

Fitzpatricks hires former CFSGAM head of marketing

JAMES FERNYHOUGH  |  WEDNESDAY, 30 JUL 2014
... marketing at Vanguard. Prior to that he was general manager of marketing at Commonwealth Bank's financial planning and advice division. Ireland was chief operating officer of Brevan Howard in the United Kingdom, before returning to Australia to take ...

CBA apologies again, refutes reckless culture accusations

LAURA MILLAN  |  FRIDAY, 27 JUN 2014
... Committee (ASIC), which was prompted by cases of alleged document forgery, fraud and improper advice within CBA's advice division. "These actions were facilitated by a reckless, sales-based culture and a negligent management, who ignored or disregarded ...

IOOF and SFGA union rattles top ranks

LAURA MILLAN  |  MONDAY, 2 JUN 2014
... services industry," head of Shadforth Financial Group Nick Bedding told Financial Standard. Shadforth is SFGA's advice division and the key to a transaction that is set to grant IOOF a stronger distribution arm and access to the high net worth market. ...

ClearView expands advice division

LINDA HAUSKEN  |  WEDNESDAY, 11 JUL 2012
ClearView Wealth Limited has expanded its advice division with the number of advisers in its dealer group increasing more than one-third since December. This expansion, announced via an ASX update, reflects ClearView's advice strategy which includes ...