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Showing 621 - 630 of 3425 results for commonwealth bank

Colonial First State hit with second class action in less than a week

ELIZA BAVIN  |  MONDAY, 21 OCT 2019
... advisers. The class action is on behalf over 500,000 Australians and is the second against CFS, a subsidiary of Commonwealth Bank to be filed in less than a week. The action alleges that since 2013 CFS failed to act in the best interests of its members ...

CountPlus firm acquires advice boutique

HARRISON WORLEY  |  THURSDAY, 17 OCT 2019
... people and businesses, and this acquisition by Kidmans reflects that model," Rowe said. In 2015, CountPlus - then Commonwealth Bank-owned - sold its 30% stake in Kidmans to partners, employees and principals, having first purchased 25% of the firm in ...

Count Financial bolsters team as part of transition

ELIZABETH MCARTHUR  |  THURSDAY, 17 OCT 2019
Count Financial has bolstered its leadership team as part of its acquisition by CountPlus. The Commonwealth Bank sold Count Financial to CountPlus for $2.5 million, finalizing the sale at the end of August. John Corcoran has now stepped into the position ...

Netwealth welcomes new distribution head

JAMIE WILLIAMSON  |  WEDNESDAY, 16 OCT 2019
... (14.4%). Much more modest growth in masterfunds was reported at AMP (2.4%), National Australia Bank/ MLC (1.6%) and Commonwealth/Colonial First State (5.3%).

MLC Life strengthens group insurance team

JAMIE WILLIAMSON  |  MONDAY, 14 OCT 2019
... senior product roles with CommInsure and previously worked in dispute resolution for advice and investments at Commonwealth Bank. Confirming the appointment, a spokesperson for MLC Life told Financial Standard: "Emily is an invaluable addition to the ...

Netwealth top for FUM growth

ELIZABETH MCARTHUR  |  FRIDAY, 4 OCT 2019
... (14.4%). Much more modest growth in masterfunds was reported at AMP (2.4%), National Australia Bank/ MLC (1.6%) and Commonwealth/Colonial First State (5.3%). Wraps made up 45.1% of the total masterfunds market with $399.3 billion in funds under management ...

CommInsure charged over hawking

HARRISON WORLEY  |  FRIDAY, 4 OCT 2019
... unsolicited telephone calls to sell life insurance, and faces up to $1.8 million in penalties. ASIC is alleging the Commonwealth Bank subsidiary unlawfully sold life insurance policies over the phone after providing CBA customer details to a telemarketing ...

ASIC casts doubt over Dollarmites

ELIZABETH MCARTHUR  |  TUESDAY, 1 OCT 2019
The Commonwealth Bank's lucrative but controversial Dollarmites program could get the axe, with ASIC seeking the public's view of school banking programs as part of its ongoing review of their use and impact in primary schools. School banking programs ...

Morgans snaps up CommSec Advisory business

ELIZA BAVIN  |  TUESDAY, 24 SEP 2019
Morgans has acquired CommSec Advisory for an undisclosed sum, after winning a tender conducted by the Commonwealth Bank of Australia. There are about 18 financial advisers in the team who collectively manage around $4 billion on behalf of clients. Both ...

First Sentier hires Nikko executive

KANIKA SOOD  |  TUESDAY, 17 SEP 2019
... Deutsche Asset Management Asia as a director, head of asset management operations for Asia Pacific ex Japan. Commonwealth Bank sold CFSGAM to Japanese banking giant MUFG Group last year for over $4 billion. The sale cleared all regulatory hurdles in ...