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Showing 41 - 50 of 221 results for "Magnitude"

Fund managers driven to alternatives: Report

ELIZA BAVIN  |  TUESDAY, 18 FEB 2020
... allocations for non-traditional investments have a broad scope between different multisector managers. "What is notable is the magnitude of the allowable ranges and the portion of the budget currently being used," the report said. "Pendal introduced ...

Chief economist update: COVID-19 could hit Australia with triple whammy

BENJAMIN ONG  |  FRIDAY, 14 FEB 2020
... contained soon, job losses. For sure and for certain, this would take a toll on China's already slowing economy. The magnitude of the hit on Chinese GDP depends on how quickly (or not) COVID-19 is contained. The magnitude of the hit on Chinese GDP ...

Chief economist update: The rise and fall of oil

BENJAMIN ONG  |  THURSDAY, 9 JAN 2020
... the climb in oil prices. Brent oil prices declined by 4.4% while the price of WTI oil dropped by 5.1%. To be sure, the magnitude of the price surge and consequent decline pales in comparison to the experience of September 14 when the price of WTI oil ...

What you read in 2019: Financial advice

JAMIE WILLIAMSON  |  THURSDAY, 19 DEC 2019
... following month the group sold off part of its advice arm to Viridian Advisory and shuttered its aligned dealer groups, Magnitude and Securitor. Advisers were given the option of going elsewhere, though many ultimately made the transition to Viridian ...

APRA joins in on Westpac scrutiny

ELIZA BAVIN  |  TUESDAY, 17 DEC 2019
... Executive Accountability Regime (BEAR) - or contravened APRA's prudential standards," the regulator said. "Given the magnitude and nature of the issues alleged by AUSTRAC, APRA is aiming to ensure that fundamental deficiencies in Westpac's risk management ...

Adviser moves show industry upheaval

ELIZABETH MCARTHUR  |  TUESDAY, 5 NOV 2019
... spokesperson said advice services for members have remained unchanged. Former Westpac-aligned dealer groups Securitor and Magnitude ceased during the period, with advisers choosing to exit or move to other licences. In August, Financial Standard reported ...

Down but not out: Top advisers adapt

ELIZABETH MCARTHUR  |  MONDAY, 26 AUG 2019
... February - the most of any licensee. Securitor shed 146 advisers over the same period, bringing its total to just 85. Magnitude lost 79 advisers, going from 116 to just 37. Viridian picked up 76, after buying 90 advisers from Westpac. While Lifespan ...

Instos flex influence over investee companies

KARREN VERGARA  |  THURSDAY, 27 JUN 2019
... financially constrained, Monash professor of finance Chris Veld said. "A sizeable number of investors argue that the magnitude of their shareholdings in the firm determines their channel of influence," he said. While this is expected, larger shareholdings ...

Financial advice drags BTFG results

KARREN VERGARA  |  MONDAY, 6 MAY 2019
... its salaried financial planners. About 28% is estimated to be refunded. Authorised representatives from Securitor and Magnitude on the other hand received $966 million, but 31% will likely be refunded. A total of $200 million in compensation has been ...

Westpac reveals Magnitude, Securitor adviser remediation

HARRISON WORLEY  |  WEDNESDAY, 1 MAY 2019
Westpac is set to repay more than 30% of the ongoing advice service fees charged by authorised representatives of Magnitude and Securitor. Westpac announced it would take a $357 million hit to cash earnings in its first half result based on currently ...