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Showing 681 - 690 of 1866 results for "broker"

CommSec hit with $700,000 fines

ALEX BURKE  |  FRIDAY, 2 SEP 2016
CommSec has paid $700,000 in infringement notice penalties and voluntarily refunded $1.1 million in brokerage. The infringement notices were given by ASIC's Markets Disciplinary Panel, which the regulator said "had reasonable grounds to believe CommSec ...

Omniwealth acquires mortgage broker

DARREN SNYDER  |  FRIDAY, 2 SEP 2016
Advisory group Omniwealth has acquired a mortgage broker to meet the firm's future demand in property and finance, as well as add more expertise to the diversified financial services company. Omniwealth group managing director Matthew Kidd said purchasing ...

IRESS integrates stockbroking tool

ALEX BURKE  |  WEDNESDAY, 31 AUG 2016
... OpenMarkets chief executive Andrea Marani added: "We view this integration as another step towards becoming the 'most connected broker', to provide choice, connectivity and greater convenience to our clients, and to support the wider wealth creation ...

Vocus founder partners to launch new fund manager

ALEX BURKE  |  MONDAY, 29 AUG 2016
... for a while before starting their own business, but they always have the same background. I mean, I remember talking to a broker who was surprised we have our website up after four weeks. He said most managers only get around to that after a year, if ...

Managed accounts to disrupt fund businesses to the tune of $60bn

MICHELLE BALTAZAR  |  THURSDAY, 25 AUG 2016
... models and driving the growth of financial advice groups, according to Morgan Stanley Research. In an extensive 75-page broker research on managed accounts, Morgan Stanley singled out five of the country's leading wealth managers, namely AMP, BT Financial ...

Northern Trust expands Australian office

DARREN SNYDER  |  THURSDAY, 18 AUG 2016
Northern Trust is establishing a capital markets presence in Australia through its new securities lending trading desk based in Sydney. The global wealth management firm is also appointing a senior foreign exchange sales representative in its Sydney ...

ASIC cancels AFSL of global firm

KERRIE SYDEE  |  THURSDAY, 18 AUG 2016
... Marigold Falconer was established in 1997 as Falconer Woods & Company; in 2011 the firm formed an alliance with Hong Kong broker Marigold International Bullion Dealers and changed its name to Marigold Falconer International. Headquartered in Melbourne ...

Schroders joins exchange-quoted managed fund game

MARK SMITH  |  TUESDAY, 16 AUG 2016
Schroders has joined Magellan, K2 Asset Management and AMP Capital in launching an ASX-quoted version of one of its managed funds. The Schroder Real Return Fund (Managed Fund) is based on the firm's successful Real Return CPI Plus 5% fund - which at ...

AAT upholds ASIC adviser ban

KERRIE SYDEE  |  FRIDAY, 12 AUG 2016
The Administrative Appeals Tribunal (AAT) has upheld a decision to permanently ban a Sydney finance broker. Shiv Sahay of Lidcombe NSW, was permanently banned from providing financial services and engaging in credit activity following an ASIC investigation ...

Magellan full year profits up 14%

MARK SMITH  |  THURSDAY, 11 AUG 2016
Magellan Financial Group has seen its net after tax profit increase 14% to $198.4 million in the last financial year. Funds under management rose 11% to total $40.5 billion at 30 June with 83% of assets in global equities and 17% in infrastructure equities. ...