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Showing 31 - 40 of 98 results for "mortgage broking"

CBA stashes cash for compliance

DARREN SNYDER  |  WEDNESDAY, 12 DEC 2018
... charged by aligned advisers in the wealth management group. NewCo is CBA's newly-branded wealth management and mortgage broking company preparing to demerge in 2019. A further $100 million will be set aside to cover the higher than expected costs of ...

CBA sells CFSGAM, new wealth business chief executive appointed

KANIKA SOOD  |  WEDNESDAY, 31 OCT 2018
... MUTB approached Commonwealth Bank (CBA) after the bank announced its intention to demerge its asset management, mortgage broking and wealth businesses in June. CBA clarified that CFSGAM will now be excluded from the demerger of the bank's wealth ...

CFSGAM chief executive departs

JAMIE WILLIAMSON  |  FRIDAY, 21 SEP 2018
... announced plans to demerge CFSGAM alongside Colonial First State, its third-party financial advice businesses and its mortgage broking business. This process is expected to be complete in 2019 with the businesses to be collectively known as CFS Group. ...

CBA readies wealth demerger, records $9.2bn cash profit

DARREN SNYDER  |  WEDNESDAY, 8 AUG 2018
... than $500 million for the past two years. NewCo, or Commonwealth Bank's newly-branded wealth management and mortgage broking company preparing to demerge in 2019, contributed more than 6% to CBA's overall cash after-tax profit of $9.2 billion. ...

CBA to demerge CFS, mulls further CommInsure sell-off

JAMIE WILLIAMSON  |  MONDAY, 25 JUN 2018
... that they can participate in the performance of the CFS Group," he said. He added that the wealth management and mortgage broking businesses are each high-quality franchises. "With innovation and disruption in wealth management increasingly favouring ...

Former NAB adviser permanently banned

HARRISON WORLEY  |  FRIDAY, 8 JUN 2018
... at NAB, focusing on the period between March and December 2016. However, the investigation expanded to probe a mortgage broking business Eung incorporated after his time at NAB. The regulator added Eung became a credit representative to provide credit ...

Look inside to drive fintech forward: AltFi Summit

DARREN SNYDER  |  MONDAY, 26 MAR 2018
... with the industry." In January 2016, uno Home Loans received initial funding from Westpac to build its online mortgage broking business. The firm launched in May 2016 and settled its first home loan a month later. By September 2016 it had secured $16.5 ...

Listed mortgage broker joins forces with TAL

ALEX BURKE  |  MONDAY, 13 NOV 2017
An ASX-listed mortgage broking firm has entered into a life insurance referral partnership with a TAL subsidiary. Under the new arrangement, Australian Finance Group's 2850 brokers will be able to refer life insurance to clients via TAL's Lifebroker ...

FinPal integrates broking capabilities

JAMIE WILLIAMSON  |  MONDAY, 6 NOV 2017
... executive Stephen Handley said: "There has always been significant overlap between the worlds of financial advice and mortgage broking. Over the last few years, we've seen an increasing effort to integrate these services and offer consumers a one-stop-shop. ...

Advisers can scale via workplace super clients

KARREN VERGARA  |  WEDNESDAY, 27 SEP 2017
... contact for members beyond super needs by providing specialist advice whether it be general advice, insurance, mortgage broking or something else altogether. The companies an adviser provides workplace super advice for could potentially scale - this ...