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Showing 31 - 40 of 170 results for "Wholesale clients"

ASIC sues Binance over customer protection failures

ELIZA BAVIN  |  THURSDAY, 19 DEC 2024
... court alleging it denied more than 500 retail clients important consumer protections by misclassifying them as wholesale clients. ASIC alleges from 7 July 2022 to 21 April 2023, Binance offered crypto derivative products to 505 Australian retail investors ...

JBWere partners to launch fixed income funds

MATTHEW WAI  |  TUESDAY, 17 DEC 2024
JBWere is launching two active fixed income products, backed by UBS Asset Management (UBS AM), to provide wholesale clients access to domestic and global credit options amid growing demand for the asset class. The product suite, which includes the UBS ...

Ares launches private markets fund

ANDREW MCKEAN  |  THURSDAY, 12 DEC 2024
... Ares Management has launched a Private Market Fund (AUT), a locally domiciled unit trust to provide Australian wholesale clients access to Ares Private Markets Fund (AMPF) - as US registered management investment vehicle that's distributed through Ares' ...

EBC expands local offerings to HNWIs, instos

KARREN VERGARA  |  WEDNESDAY, 16 OCT 2024
... and investment solutions. In Australia, it holds a general advice licence that allows it to service retail and wholesale clients. The acquisition of the new AFSL, which complements the general advice offering, will allow EBC to service wholesale and ...

Carnegie's MHC Digital, Circle target local stablecoin push

ANDREW MCKEAN  |  TUESDAY, 1 OCT 2024
... issued by Circle through its regulated entities. Through this initiative MHC Digital Group aims to provide local wholesale clients with cost-effective and efficient access to USDC. MHC Digital Group founder and executive chair Mark Carnegie said people ...

Fund manager splashes $240m on AZ NGA

KARREN VERGARA  |  TUESDAY, 1 OCT 2024
... sharing Oaktree's seasoned investment philosophies to deliver even greater value to AZ NGA's retail and wholesale clients. We will work together to achieve our shared vision of AZ NGA as Australia's leading consumer financial services advisory ...

GAM Investments loses local lead

ELIZABETH FRY  |  FRIDAY, 20 SEP 2024
... and expectations," he said. As of March 31, GAM managed about $5.2 billion for Australian institutional and wholesale clients out of $221.0 billion in group assets.

ASIC levy to slug advisers $48.4m

KARREN VERGARA  |  TUESDAY, 9 JUL 2024
... will collectively pay nearly $3 million at $2721 per entity. ASIC charges AFSLs that provide personal advice to wholesale clients a flat levy of $1.88 million. There were 1931 advisers in this category equating to $976 each. The advice sector is set ...

ASIC takes action against Guildfords FM, director

KARREN VERGARA  |  FRIDAY, 28 JUN 2024
... services with respect to managed investment schemes and securities, as well as custodial and depository services to wholesale clients. It also provided trustee services to unregistered managed investment schemes, including the Magnolia Capital Opportunities ...

ASIC cancels Everest Asset Management's AFSL

KARREN VERGARA  |  WEDNESDAY, 22 MAY 2024
... firm linked to a massive money-laundering operations. Everest Asset Management, which was licensed to service wholesale clients, will no longer be operational. ASIC said it revoked the AFSL because Everest failed to prepare and lodge the required financial ...