Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 5041 - 5050 of 17956 results for "Bank"

HUB24 introduces low-cost product

KARREN VERGARA  |  THURSDAY, 19 JUL 2018
... solutions. With three of the four major banks in Australia exiting wealth management in various forms, and BT and Macquarie Bank ceasing grandfathered commissions, HUB24 said it anticipates such changes will accelerate the movement of FUA away from vertically ...

Chief economist update: What goes around is starting to get around

BENJAMIN ONG  |  THURSDAY, 19 JUL 2018
Some would call it karma, for many it's just the plain and simple truism that a trade war is a lose-lose proposition. In his quest to "make America great again" and under the guise of "national security", US President Donald Trump kicked off with ...

Advice dealer group appoints executive

JAMIE WILLIAMSON  |  WEDNESDAY, 18 JUL 2018
... officer of The Trust Company, which was acquired by Perpetual December 2013, and has held key strategy roles with AMP and Bank of America Merrill Lynch. Fitzpatricks Group managing director John McMurdo said Blackledge's primary focus will be growing ...

Bennelong adds distribution executive

JAMIE WILLIAMSON  |  WEDNESDAY, 18 JUL 2018
Bennelong Funds Management expanded its sales team with the appointment of a new institutional distribution lead. Formerly of Arnhem Investment Management, Natalie Kulakoff has taken on the role of institutional distribution executive at the $10 billion ...

Independent planning firm jumps into agriculture

HARRISON WORLEY  |  WEDNESDAY, 18 JUL 2018
Growth Farms' recently launched farm leasing fund picked up a cornerstone investment from a $1 billion advisory group. Providence Wealth has made a "substantial" investment in the fledgling Australian Agricultural Lease Fund, making it the fund's cornerstone ...

Wealthier Aussies seeking advice

JAMIE WILLIAMSON  |  WEDNESDAY, 18 JUL 2018
... men (10.5%) are the only other cohorts with an above average tendency to seek advice. More than a third of advised clients bank with Commonwealth Bank (34.6%), which is significantly more than ANZ (23.9%), Westpac (23.4%) and NAB (20.7%). While they ...

Chief economist update: The Goldilocks rate of interest

BENJAMIN ONG  |  WEDNESDAY, 18 JUL 2018
... according to Wikipedia is "a reduced form approximation of the responsiveness of the nominal interest rate, as set by the central bank, to changes in inflation, output, or other economic conditions." It offers an answer as to what the neutral rate of ...

Westpac investment arm awards real estate mandate

KANIKA SOOD  |  TUESDAY, 17 JUL 2018
A $10 billion investment arm of Westpac has awarded a mandate to a multi-asset manager, as it broadens its approach to listed real estate assets. Principal Global Investors Australia said it has picked up a number of investment mandates, including from ...

Westpac ditches SMSF lending

KARREN VERGARA  |  TUESDAY, 17 JUL 2018
... wanting to use SMSFs to borrow and purchase residential investment property in Australia will have to look elsewhere. The bank and its subsidiaries will cease SMSF loans in order to "simplify" its product set effective Tuesday 31 July 2018, a Westpac ...

Crypto exchange enters superannuation market

KARREN VERGARA  |  TUESDAY, 17 JUL 2018
... cryptocurrency. Last month, the RBA issued its stance on cryptocurrency : it's on the radar but not a priority. The Reserve Bank has closely followed developments in the crypto sphere for about five years, RBA head of payments policy Tony Richards ...