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Showing 51 - 60 of 131 results for "Wholesale clients"

ASIC cracks down on investment manager

ALLY SELBY  |  MONDAY, 15 JUN 2020
... authorised bank accounts and two counts of failing to comply with requirements relating to the account. SGSA provides wholesale clients with debt capital markets services, asset-backed products and commercial real estate finance. It also provides futures ...

Clime buys Madison Financial Group

KANIKA SOOD, JAMIE WILLIAMSON  |  WEDNESDAY, 3 JUN 2020
... was interested in the business, as it looked to diversify its advice business -- which has so far focused on wholesale clients -- into retail. Who reaps the $4.5 million to $5 million in sales proceeds from Madison is yet to be determined. OneVue has ...

Clime courts Madison Financial Group

KANIKA SOOD  |  MONDAY, 11 MAY 2020
... businesses and advice practices. Clime already has a private wealth business which focuses on sophisticated or wholesale clients. The 24-year-old business dipped into advice in 2018. As of last July, it had $10 million on its balance sheet and was willing ...

Should unused services on AFSLs be subject to ASIC levy?

KANIKA SOOD  |  FRIDAY, 17 APR 2020
... offer but did not. Polymath Investors acquired an Australian Financial Services Licence in 2010 to work with wholesale clients to: provide financial advice in four asset classes, deal in those products, and provide custodial services under the licence ...

Pendal reports $3.9bn in outflows, slips below $100 bn

KANIKA SOOD  |  TUESDAY, 14 APR 2020
... Hambro business. Australian institutional clients redeemed $800 million taking the FUM to $18.7 billion while wholesale clients redeemed $400 million ending at $6.6 billion. Westpac still has $11.4 billion invested with Pendal (which Pendal reports separately ...

Mayfair 101 accused of misleading advertising

ELIZABETH MCARTHUR  |  MONDAY, 6 APR 2020
... said. "The Mayfair 101 Group will contest ASIC's claims in full. Mayfair Platinum's products are available to wholesale clients only and disclosures are made to advise that Mayfair Platinum is a provider of non-bank investment products." Mayfair maintains ...

Investment manager criminally charged

ELIZA BAVIN  |  WEDNESDAY, 18 MAR 2020
... financial products including ASX24 futures and options and OTC ('over the counter') derivatives. SGSA's clients are wholesale clients, including financial institutions, hedge funds, asset managers, and various corporate clients. The Corporations Act ...

MLC changes super fees, adds menu

KANIKA SOOD  |  WEDNESDAY, 11 MAR 2020
... products. All MLC Index Plus options will do down to flat 29bps, in what MLC says will benefit 40,000 retail and wholesale clients. Effective April 20, MLC will also offer a new core investment list on its Series 2 Wrap. This menu will have MLC's ...

Foreign fund managers granted licensing relief

HARRISON WORLEY  |  WEDNESDAY, 11 MAR 2020
... the installation of a new licensing regime for foreign entities operating in Australia who provide services to wholesale clients. The new regime will see ASIC recognise the authorisation of overseas regulatory regimes which the corporate regulator deems ...

Challenger boutique winds up fund

KANIKA SOOD  |  THURSDAY, 27 FEB 2020
... is the responsible entity for the fund. Kinetic currently manages about $600 million, for institutional and wholesale clients. Two other Kinetic funds, the Kinetic Premier Small Companies Fund, and the Kinetic Wholesale Smaller Companies Fund are currently ...