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Showing 6761 - 6770 of 9288 results for "wealth"

Merrill Lynch to pay $120k over compliance infringement

JAMES FERNYHOUGH  |  MONDAY, 3 JUN 2013
... integrity of ASX's market or the proper functioning of that facility," ASIC said. On 24 May 2011, Merrill Lynch Global Wealth & Investment Management (GWIM) ordered the sale of 50 million ordinary shares in Future Corporation Australia Limited at a price ...

Banks shift gears on technology spend

LAURA MILLAN  |  MONDAY, 3 JUN 2013
... spending only 26% in 2012. The remaining 76% is now going to customer service and adding value to its software, including the wealth management side of the business. In 2006, CBA was introducing 1,200 new services and enhancements every month, a figure ...

DST Bluedoor to take platforms to Europe

LAURA MILLAN  |  THURSDAY, 30 MAY 2013
... market. The company has been selected by International Financial Data Services (IFDS) to support its outsourced European wealth management and platform administration business. "IFDS is an impressive investor servicing and administration organisation ...

Perpetual hires new distribution manager

MARK SMITH  |  TUESDAY, 28 MAY 2013
... nearly a year ago, Perpetual's Transformation 2015 cost-cutting strategy has a stated aim to become the largest independent wealth manager in Australia. "Perpetual has an investment capability of exceptional ability and they have consistently delivered ...

Market Wrap PM

AAP  |  MONDAY, 27 MAY 2013
... weather. Investors were unimpressed, sending David Jones shares down 13 cents, or 5.04 per cent, to $2.45. Macquarie Private Wealth division director Lucinda Chan said retailers were battling high costs and the recent slump in the Australian dollar. ...

Paragem FUA reaches $1.9bn after new mergers

LAURA MILLAN  |  FRIDAY, 24 MAY 2013
... practices and 40 authorised representatives, looking after $1.9 billion. In Sydney, Frank MacDonagh operating under FMA Wealth Management joined Paragem. The practice, based in Milsons Point, has over $60 million under advice and prior to joining Paragem ...

Preamium SMA deemed suitable for SIV investors

MARK SMITH  |  FRIDAY, 24 MAY 2013
Preamium has announced that its separately managed account (SMA) platform qualifies as a complying investment under the rules of Government's Significant Investment Visa (SIV) Scheme. The scheme is designed to fast-track wealthy visa applicants to Australia ...

netwealth's advice group moves advice ops

ALICE URIBE  |  THURSDAY, 23 MAY 2013
Wealth management group netwealth's advice group has moved its operations on the back of an announcement earlier this month that the wider netwealth group's funds under management had hit the $4 billion mark. netwealth Advice Group (NAG)'s advice operations ...

Bendigo Wealth launches new low-risk income fund

MARK SMITH  |  THURSDAY, 23 MAY 2013
Bendigo Wealth has launched the Sandhurst Strategic Income Fund for risk-averse investors who want a regular income stream in excess of what they are seeing from their term-deposits. The new fund is a low-risk investment option which pays quarterly ...

Bravura appoints head of pre-sales

LAURA MILLAN  |  THURSDAY, 23 MAY 2013
... prospects in Asia Pacific. He will be formulating and delivering value propositions, helping customers build business cases for wealth management and modernising the insurance platform. "[Prins] brings deep subject matter expertise in core systems migrations ...