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Showing 501 - 510 of 2671 results for "Purchase"

Vanguard targeted in bond fund scam

KANIKA SOOD  |  WEDNESDAY, 31 MAR 2021
... bank details, followed by in-person contact and provision of a fake Vanguard prospectus designed to convince victims to purchase non-existent investment products," Vanguard said in a statement. Previously Citi and IFM Investors had fake prospectuses ...

Multiples paid for client books dip

KARREN VERGARA  |  WEDNESDAY, 31 MAR 2021
How much financial advisers can expect to sell a book of investment and superannuation clients for has decreased over the last two years, according to a new valuation report. Radar Results has released its March 2021 price guide, highlighting a downward ...

Boutique hires fund services lead

KARREN VERGARA  |  MONDAY, 29 MAR 2021
... over seven years, which involved overseeing clients offshore looking to establish a local managed investment trust to purchase a property or infrastructure assets. Tran was also part of the Trust Company, working as an assistant manager and legal counsel ...

Multi-boutique adds partner

KANIKA SOOD  |  FRIDAY, 26 MAR 2021
... received approval from UK's Financial Conduct Authority (FCA) to invest in Astarte Capital Partners, after entering a purchase agreement on December 24. PAC is paying GBP4.4 million (about $7.97 million) for a 40% share of Astarte's net income. About ...

Cboe acquires Chi-X

ELIZABETH MCARTHUR  |  THURSDAY, 25 MAR 2021
... there's the ability to come back and pare that back further." Terms of the deal were not disclosed, with Cboe noting the purchase price is not material from a financial perspective and is expected to be nominally accretive to the company's adjusted ...

Computershare to buy Wells Fargo corporate trust business

KANIKA SOOD  |  WEDNESDAY, 24 MAR 2021
... million to acquire the assets of Wells Fargo Corporate Trust Services, which has over 26,000 mandates. The US$750 million purchase is expected to be at least 15% management EPS accretive on a pro forma FY21 basis including full run-rate synergies, Computershare ...

Mayfair found to have misled

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 MAR 2021
... products when funds were actually lent to a related party and not secured, used to pay deposits on properties and used to purchase assets that were not secured. The judge, Justice Anderson, found the term deposit representation was: "Misleading or deceptive ...

Xero makes Swedish acquisition

ELIZA BAVIN  |  WEDNESDAY, 24 MAR 2021
... Gateway brand to both its existing and new customers, alongside its consulting services. Total consideration for the purchase will be SEK$150 million (AU$23 million), comprising an upfront payment of SEK$60 million (AU$9.17 million) to be settled 50% ...

COVID-19 spurs robo-advice demand

KARREN VERGARA  |  TUESDAY, 23 MAR 2021
The global pandemic has not only changed the way consumers buy goods and services, but also spurred stronger demand for robo-advice to help improve their financial wellbeing, a new survey finds. Software firm Oracle's Money and Machines 2021 report ...

Brian Hartzer to release leadership book

ELIZABETH MCARTHUR  |  TUESDAY, 23 MAR 2021
Former Westpac chief executive Brian Hartzer will release a professional development book on effective leadership in April. The leadership star: A practical guide to building engagement is due out next month, presents a five-point framework developed ...