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| | | Goldman Sachs Asset Management (GSAM) has successfully launched its inaugural Australian feeder fund off the back of significant demand from local clients. The investment giant said the Aussie feeder fund, launched in the second quarter, provides investors ... |
| | | | ... and satellite growth or defensive exposures. "... Investment technologies, like CommSec Pocket, have helped enable this trend by providing access to ETFs and making available a full range of education materials to help investors both start and continue ... |
| | | | Financial advice firms are "problematically" sidestepping compensation payments after the Australian Financial Complaints Authority (AFCA) hands down a decision, using the excuse that they do not have professional indemnity insurance (PII). Out of 5400 ... |
| | | | ... Bravura has a very bright future with Andrew as chief executive." Bravura shares have experienced a persistent downward trend, declining by nearly 60% over the past year. The appointment marks the third chief executive in three years since the departure ... |
| | | | ... was an exceptional outcome. "While last year's record result was partly generated by unusual circumstances, the long-term trend in earnings reflects management's efforts over many years in building valuable franchises," he said. Meanwhile, Macquarie ... |
| | | | The decreasing pool of financial advisers saw the average number of advised clients rise by 6% to 120 from 113 one year ago, according to Investment Trends. As a result, advisers are increasingly seeking greater efficiencies in technology, the 2023 ... |
| | | | ... unemployment rate nevertheless remained at 3.5%. "Australia's labour market was still strong in June. This is a similar trend to a number of other economies recently, including the US and in Europe, where economic activity has showed signs of slowing ... |
| | | | ... according to NewGAMe modelling, is the worst performing listed company in its peer group in terms of share price and AUM trend. The peer group includes the likes of Vontobel, Janus Henderson, BlackRock and Liontrust. "The group believes that GAM can ... |
| | | | The investment management consultancy firm, which specialises in multi-asset managed accounts, has brought John Nicoll on as distribution executive. Nicoll brings over 22 years of experience in the financial services sector, having previously served ... |
| | | | ... advisers after losing 29 in 12 months. Interprac Financial Planning came in third place with 310 advisers. It bucked the trend by adding a net of 34 advisers. Consultum Financial Advisers (305), Alliance Wealth (286), Ord Minnett (267), Count Financial ... |
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