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Showing 541 - 550 of 2174 results for "Mortgage"

More than half of advisers without association membership

JAMIE WILLIAMSON  |  THURSDAY, 8 NOV 2018
... Australia while 1230 declare an affiliation with the SMSF Association. Meanwhile, the Institute of Public Accountants, Mortgage and Finance Advisers Association, he Finance Brokers Association of Australia and Association of Independently Owned Financial ...

DomaCom, DFS establish $4.1m sub-fund

HARRISON WORLEY  |  THURSDAY, 8 NOV 2018
DomaCom partnered with DFS Portfolio Solutions to launch a $4.1m mortgage sub-fund. DomaCom announced an allocation to two mortgage investments through the firm's first branded mortgage fund with DFS. The firm said the two mortgages total around $4.1 ...

Scrapping LRBAs would be detrimental to investors

DARREN SNYDER  |  WEDNESDAY, 7 NOV 2018
... chief executive Jonathan Street said limited recourse borrowing arrangements (LRBAs) have become an essential part of the mortgage landscape for small-scale, non-residential property. "In this sector of the market, LRBAs play a vital role, especially ...

NAB signals more bad advice remediation

KARREN VERGARA  |  THURSDAY, 1 NOV 2018
... contributed $250 million of net profit - down 8.8% year on year. The consumer banking and wealth division, which includes mortgage brokers, and aligned and salaried financial advisers, reported $1.5 billion in net profit - down 5.8% on the prior year. ...

ANZ wealth flows decline

KARREN VERGARA  |  WEDNESDAY, 31 OCT 2018
... affected by the divestments; 717 of which are aligned advisers. What remains of ANZ's Australian business is: lenders mortgage insurance, financial planning, share investing and general insurance distribution. The group reported after-tax statutory ...

CBA sells CFSGAM, new wealth business chief executive appointed

KANIKA SOOD  |  WEDNESDAY, 31 OCT 2018
... consideration. 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 ...

Chief economist update: Shopaholics drive US growth

BENJAMIN ONG  |  MONDAY, 29 OCT 2018
... companies or that stimulative effects from Trump's tax cuts are waning for domestic companies. In addition, rising mortgage rates due to the Fed's rate hikes are impacting on residential investors. The trade accounts further highlights the underlying ...

ASIC and Austplan agree to mutual breakup

DARREN SNYDER  |  FRIDAY, 26 OCT 2018
... self-managed superannuation funds (SMSFs)." Austplan also received client referrals from GM Homes (Australia), a building and mortgage business, which is not licensed to provide financial advice or any other financial service. Austplan is required maintain ...

Wealth group announces new chief executive

DARREN SNYDER  |  THURSDAY, 25 OCT 2018
An ASX-listed wealth management group is welcoming its new chief executive, promoting from within. Yellow Brick Road has appointed Frank Ganis as its leader. He joined YBR as a board member in 2017 and recently stepped into an advisory role. Ganis was ...

Chief economist update: Fear and loathing on Wall Street

BENJAMIN ONG  |  THURSDAY, 25 OCT 2018
... growth slowed to 6.1% in the year to August from 6.6% in the previous month. Not surprising given the jump in 30-year mortgage rates to 4.85% - the highest since April 2011 - from under 4% at the start of 2018. The negative wealth effect from the tumbling ...