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Showing 51 - 60 of 356 results for "Wealth Management business"

ClearView offloads managed investments unit

KARREN VERGARA  |  FRIDAY, 24 FEB 2023
... $3.3 billion, which includes $660 million in the WealthSolutions2 product on the HUB24 platform. "The wealth management business has faced strong headwinds with the poor performance of the segment resulting in a drag on group earnings," ClearView's ...

AMP profits, declares first dividend since 2019

JAMIE WILLIAMSON  |  THURSDAY, 16 FEB 2023
... was also impacted by $25 million in remediation costs and $61 million in transformation costs. The wealth management business saw its assets drop from $142.3 billion to $124.2 billion, impacted by investment markets but also due to advice and superannuation ...

AZ NGA buys stake in Melbourne advice firm

CHLOE WALKER  |  MONDAY, 6 FEB 2023
AZ Next Generation Advisory (AZ NGA) has expanded its Victorian footprint, partnering with accounting and advice firm McLean Delmo Bentleys. McLean Delmo Bentleys employs approximately 90 staff across wealth management, accounting, and auditing. As ...

Natixis APAC lead takes bigger role

JAMIE WILLIAMSON  |  WEDNESDAY, 18 JAN 2023
... spokesperson said. Meanwhile, Natixis has also appointed a chief administration officer for its asset and wealth management business. Christophe Lanne is taking on the role and will oversee post-sales support activities for international distribution. ...

PM Capital appoints distribution director

ELIZABETH FRY  |  FRIDAY, 9 DEC 2022
... past two and a half years. Before that he spent nine years at AMP as head of sales for the firm's wealth management business. Earlier he worked at AXA as state sales manager for New South Wales and the ACT. "I am joining the PM Capital team amid ...

ClearView abandons potential takeover transactions

ANDREW MCKEAN  |  WEDNESDAY, 2 NOV 2022
... of its ClearChoice product suite in October 2021," an ASX statement said. "The simplification of the wealth management business continues with further details to be provided in due course." Meanwhile, last month, ClearView expanded its distribution team ...

AMP to return $1.1bn to shareholders

JAMIE WILLIAMSON  |  THURSDAY, 11 AUG 2022
Despite seeing its net half-year profit drop about 25%, AMP has commenced a $350 million buyback and plans to return a further $750 million to shareholders. Releasing its first-half results this morning, AMP said it has made significant progress towards ...

Mercer hires from MLC

ELIZABETH FRY  |  FRIDAY, 22 JUL 2022
... over $100 billion in assets under management. Before that, he did a nine-year stint with KPMG in the wealth management business, taking an 11-month hiatus to work on the Super System Review, chaired by Jeremy Cooper. He resigned from MLC (now Insignia ...

AMP appoints general manager, wealth distribution

CHLOE WALKER  |  THURSDAY, 7 JUL 2022
... has been appointed to the role of general manager of wealth distribution, as part of AMP's Australian Wealth Management business. Having acted in the role since February this year, Sorgini's permanent appointment takes immediate effect. Previously, Sorgini ...

APAC market to reach $811.5bn by 2030

ANDREW MCKEAN  |  WEDNESDAY, 1 JUN 2022
... Pacific region with significant wealth management growth opportunities in the coming years. Based on wealth management business models, the human advisory segment held the highest market share. It had nearly three-fifths of the total market share and ...