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Showing 51 - 60 of 170 results for "Wholesale clients"

J.P. Morgan readies evergreen solution for wholesale market

ANDREW MCKEAN  |  MONDAY, 13 NOV 2023
... solution" designed to democratise access to asset classes - previously exclusive to institutional investors - to wholesale clients. The asset manager's local chief executive Andrew Creber told Financial Standard that the firm has witnessed a growing ...

Adviser levy discount amounts to $8m saving

KARREN VERGARA  |  FRIDAY, 10 NOV 2023
... financial products to retail clients to pay $47,593,147 in total. Licensees that provide personal advice to only wholesale clients will pay $176,202, while those that provide only general advice to retail clients or wholesale clients will be charged ...

More than $17m paid in CFD-related remediation

JAMIE WILLIAMSON  |  THURSDAY, 9 NOV 2023
... Trading, which traded as Binance Australia Derivatives, due to its incorrect classification of retail clients as wholesale clients. This was paid in two tranches, first in May and June 2023 and then in September 2023. The further $4.3 million was paid ...

Will HNW firms re-enter retail advice?

KARREN VERGARA  |  WEDNESDAY, 1 NOV 2023
... You [have to think of and provide] all of those things at the moment," Telfer said. Investors are defined as wholesale clients if the value of the financial product to which the financial service relates equals or exceeds $500,000; have net assets worth ...

Netwealth to distribute private markets offering

ANDREW MCKEAN  |  THURSDAY, 19 OCT 2023
... iCapital, broadening access to global private credit markets and hedge funds for financial advice firms and their wholesale clients in Australia. Netwealth managing director Matt Heine said that the partnership with iCapital will provide a unique private ...

Evolution Trustees responds to likely wholesale definition change

JAMIE WILLIAMSON  |  FRIDAY, 25 AUG 2023
... highlighted concerns that the wholesale client financial thresholds were too low, and I expect many current wholesale clients will be considered retail in the future," Evolution Trustees chief executive Rupert Smoker said. "... wholesale fund operators ...

Treasury consults again on FFSP exemptions

JAMIE WILLIAMSON  |  TUESDAY, 8 AUG 2023
... regulator exemption would mean those regulated by comparable regulators and providing financial services to wholesale clients would not need an AFSL. This will replace the sufficient equivalence relief which is already being transitioned out; once transitional ...

Treasury kicks off managed investment scheme reforms

KARREN VERGARA  |  TUESDAY, 8 AUG 2023
... (excluding self-managed superannuation funds). One area the review will consider is the appropriate threshold for wholesale clients. Currently, under the product value test, a client who invests in a financial product worth $500,000 or more is considered ...

Time to diversify global alts allocations: Telfer

CHLOE WALKER  |  MONDAY, 24 JUL 2023
... continuing to support all of that, we are now complementing it by starting to introduce our global alts [to existing wholesale clients]," Telfer said. "We're a very strong player offshore and we want to share that story and provide those exposures ...

ASIC cancels FTX Australia's licence

CASSANDRA BALDINI  |  WEDNESDAY, 19 JUL 2023
... market for and provide general advice relating to derivatives, and foreign exchange contracts to retail and wholesale clients. In the early months of 2022, the collapse of the exchange took place subsequent to a report by CoinDesk that brought to light ...