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Showing 671 - 680 of 4006 results for "Accounts"

Former adviser jailed for six years

JAMIE WILLIAMSON  |  WEDNESDAY, 26 APR 2023
... he was director of advice practice Refocus Financial Group. During that time, Gordon withdrew funds from clients' SMSF accounts without their consent, and also from accounts held with Diverse Capital Management that were home to deposits from those same ...

Insignia reports advice outflows, adviser losses

JAMIE WILLIAMSON  |  WEDNESDAY, 26 APR 2023
... advisers, and Advice Services, being self-employed and self-licensed advisers. It explained the Professional Services channel accounts for Shadforth Financial Group and Bridges, employing a B2C model and providing advice on a fee-for-service basis. Meanwhile ...

SMSFs weather market storms: Report

CHLOE WALKER  |  WEDNESDAY, 26 APR 2023
... outperform, removing funds with balances under $200,000 and which have 80% or more of their assets invested in cash, accounts for much of the performance differentials. The headline return for the SMSF sector for 2019/20 was -0.6% and 14.8% in 2020/21 ...

Clime outlines growth focus, wins mandate

CHLOE WALKER  |  WEDNESDAY, 26 APR 2023
Clime Investment Management said it will increase investment in its managed accounts capability following strong client demand, while also flagging its first family office consulting mandate. In an update to the ASX, Clime said its total funds under ...

Lonsec nabs Franklin Templeton sales director

CHLOE WALKER  |  MONDAY, 24 APR 2023
... industry today." Since the acquisition of Implemented Portfolios, Wright added, Lonsec's distribution team and its managed accounts offering have both expanded. "We are excited about Marc joining the business to help take them to the next level," he ...

Why clients fire their financial adviser

KARREN VERGARA  |  MONDAY, 17 APR 2023
... adviser, the adviser must not be doing anything. Although an adviser may be diligently monitoring their clients' accounts, if that work is not communicated, it may go unrecognised by clients," the research note shows. Finally, clients cited mismatched ...

Consumer interests prioritised in YFYS review

ANDREW MCKEAN  |  WEDNESDAY, 5 APR 2023
... out of quality funds and placed in high-fee, poor-performing options, often leading to the creation of costly duplicate accounts. However, he welcomed the ATO's announcement that it will take additional steps to improve the employee onboarding experience. ...

Startup founder charged for defrauding JPMorgan

JAMIE WILLIAMSON  |  WEDNESDAY, 5 APR 2023
... Apollo Global Management. However, JPMorgan filed to sue Javice in December 2022, having found about four million customer accounts were fake. In court documents, it was claimed Javice paid a data scientist to use "synthetic data" techniques to create ...

Love affair with managed accounts continues

CHLOE WALKER  |  TUESDAY, 4 APR 2023
The proportion of Australian financial advisers using managed accounts has more than tripled from 17% a decade ago to a record high of 56% now, according to the latest report by State Street and Investment Trends. The latest SPDR ETFs/ Investment Trends ...

Curbing super tax breaks for the wealthy: Consultation opens

ANDREW MCKEAN  |  MONDAY, 3 APR 2023
... Individuals can opt to pay the tax out-of-pocket or use their super funds, even selecting a specific fund if they hold multiple accounts. This tax remains separate from personal income tax, like the existing Division 293 tax. Should the proposed increase ...