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Senate Economics Committee to hold inquiry on FoFA bill

LAURA MILLAN  |  FRIDAY, 21 MAR 2014
... need to go through an inquiry before being tabled in the Senate. The House of Representatives is likely to pass the bill next week, but the vote could be delayed to the next sitting period, due to start in mid-May. The Senate inquiry will start after ...

Dalton Nicol Reid appoints CEO from JBWere

HARRY PAGE  |  FRIDAY, 21 MAR 2014
... resignation, Dalton Nicol Reid chief investment officer Jamie Nicol Dalton said he would stay on as a consultant for the next six months, and that the investment team would buy out his share holdings over a three year period White was most recently JBWere ...

The scares that weren't

BENJAMIN ONG  |  FRIDAY, 21 MAR 2014
Down on Putin one day, up the next. Down on Yellen one day, up the next. Financial reports now talk of investors re-assessing their thinking of what they thought they understood US Federal Reserve Chair (in this politically correct age) Janet Yellen ...

Market Wrap PM

AAP  |  THURSDAY, 20 MAR 2014
... "The market has taken it as another small step or even the beginning of the dialogue between the Fed and the market on the next phase of their cycle - moving towards increasing rates," Mr Spooner said. "Typically, you see a bit of an announcement effect ...

Government limits general advice exemption in FoFA amendments

LAURA MILLAN  |  THURSDAY, 20 MAR 2014
... conflicted remuneration provisions related to general advice on complex products and will report to the government in the next 12 to 18 months. The government has left the door open to introduce limited regulation "to address future remuneration structures ...

Quicker and faster hikes

BENJAMIN ONG  |  THURSDAY, 20 MAR 2014
... September, six months hence means (gulp) March 2015. Seems to confirm reports that 13 of 16 Feddies expect the first rate hike next year. Sooner! Not only this, according to reports, 10 of 'em Feddies also expect the fed funds rate to be at 1.0% (from ...

Calm over Crimea and US houses

BENJAMIN ONG  |  WEDNESDAY, 19 MAR 2014
... The ball's now in the US and Europe's court - how they respond to Putin's latest provocation would determine what happens next. They could threaten more sanctions - oops, they did already - but unless the new sanctions carry more bite, it'll be inutile. ...

MDA provider inks deal with Affinity and Redgum

STAFF WRITER  |  TUESDAY, 18 MAR 2014
... signed with managedaccounts.com.au in January and will transition around $180 million into the new MDA solution over the next 12-18 months. The firm has approximately $350 million in assets under advice and employs 24 staff across its wealth management ...

HNW adviser starts real return investment association

LAURA MILLAN  |  MONDAY, 17 MAR 2014
... peer group environment," he explained. Reid said he was confident that more advisers will be joining the initiative in the next months. Financial adviser members are WLM Financial Services principal Matthew Walker, Northstar Financial Advisers principal ...

Auction items for FICAP announced

ALICE URIBE  |  FRIDAY, 14 MAR 2014
... will take place at the annual Financial Industry Community Aid Program (FICAP) "Who Wants to be a RockStar" event to be held next week in Sydney. The event which raises money for a variety of charities will be held at the Beresford Hotel in Sydney on ...