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

Search Results

Showing 491 - 500 of 3362 results for "Frank"

YBR to remediate wealth clients

KARREN VERGARA  |  FRIDAY, 30 AUG 2019
... management and lending businesses. In May, chair Mark Bouris announced the wealth business restructure will result in job cuts; Frank Ganis stepped down as group chief executive to a part-time role. In 2018, the wealth division's products, cost structure ...

Chief economist update: Trump should read Frank

BENJAMIN ONG  |  MONDAY, 26 AUG 2019
Houston, we have a problem - a gigantic one! Talk about spoiling everybody's weekend. Wall Street fell sharply at the close of last week's trading. Was it due to disappointment over US Fed chair Jerome Powell's much-anticipated words at ...

Netwealth FUA, adviser numbers rise

KARREN VERGARA  |  MONDAY, 19 AUG 2019
A number of financial advisers who flocked to wealth management institutions for Netwealth as a result of the banking Royal Commission have helped boost the platform's funds under administration by 30% to $23.3 billion. Financial results for the ...

State Street ETF in franking credit kerfuffle

KANIKA SOOD  |  THURSDAY, 15 AUG 2019
Investors and financial advisers were left confused when the almost $4 billion SPDR S&P/ASX 200 Fund (ASX: STW) failed to pay out any franking credits with June's year-end distribution for the first time in its 18-year-long history. State Street paid ...

Plato to raise $200 million

KRISTI CHENG  |  THURSDAY, 15 AUG 2019
Plato Investment Management has announced a $200 million entitlement offer for its fund, Plato Income Maximiser (PL8). In response to increasing investor demand for dividend payments as a replacement for their cash and fixed interest income, Plato will ...

Zurich inks exclusive retail distribution deal

KANIKA SOOD  |  TUESDAY, 13 AUG 2019
... mandate to manage Zurich's $60 million small companies fund. Zurich Investments will now be the sole distributor of the Frank Villante and Paul Biddle's small caps boutique Celeste Funds Management's fund has outperformed the benchmark S&P/ASX ...

Fidante loses $3.9bn of super fund assets

KARREN VERGARA  |  TUESDAY, 13 AUG 2019
Challenger subsidiary Fidante has lost $3.9 billion in funds under management at the expense of superannuation funds increasingly internalising their investment strategies. In releasing its June financial year results this morning, Challenger flagged ...

Franklin Templeton boosts retail distribution

ELIZABETH MCARTHUR  |  THURSDAY, 18 JUL 2019
Franklin Templeton announced a key appointment in its Australian retail advice market business. Paul Ramsay steps into the role of retail key account manager, based in Franklin Templeton's Melbourne office. Ramsay will focus on building and maintaining ...

Association names new chief

JAMIE WILLIAMSON  |  WEDNESDAY, 10 JUL 2019
The Stockbrokers and Financial Advisers Association will welcome a new chief executive at the end of August. SAFAA chief executive Andrew Green announced his intention to step down at the association's recent annual conference. Succeeding him will ...

VanEck changes tack on ETF

KANIKA SOOD  |  TUESDAY, 2 JUL 2019
Australia's only exchange-traded fund to track S&P/ASX 200 companies which pay 100% franked dividends has changed its strategy. The VanEck Vectors S&P/ASX Franked Dividend ETF (ASX: FDIV) tracked an index that VanEck developed with S&P Dow Jones ...