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Showing 691 - 700 of 6679 results for "Sale"

Banned adviser told to stay put

CHLOE WALKER  |  FRIDAY, 16 JUN 2023
... to buy. Further, he didn't disclose to Shaw and Partners the significant commissions he was paid by McFaddens for the sale of the unlisted securities and accepted some commissions that constituted conflicted remuneration. Finally, ASIC said he made ...

Treasury to scrap advice admin burdens, boosts intra-fund advice

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
The federal government will scrap a load of administrative burdens and give superannuation funds a larger role in making financial advice more affordable as it announces which out of the 22 Quality of Advice Review recommendations will become a reality ...

Suncorp wage scandal comes to a head

ANDREW MCKEAN  |  FRIDAY, 9 JUN 2023
... compliance. Meanwhile, Suncorp today announced its official response to the preliminary views of the ACCC regarding the proposed sale of Suncorp bank to ANZ. Suncorp group executive Steve Johnston expressed confidence in the ACCC's review process and ...

Advice practice valuations rise: Radar Results

KARREN VERGARA  |  FRIDAY, 9 JUN 2023
... 2.3x compared to the prior year. A risk firm with clients who are aged 61 and older is selling at 1.0x to 1.5x. "The last 80 sale transactions we have been involved with over 12 months show evidence of higher prices being paid," Radar Results chief executive ...

AMP offloads SuperConcepts

JAMIE WILLIAMSON  |  THURSDAY, 8 JUN 2023
... SuperConcepts executives Brad Ackermann and Andrew Row. The group will pay $8 million for the business, resulting in a loss on sale for AMP of $7 million. SuperConcepts was created in 2016 when AMP brought together several existing SMSF-related brands ...

Coinbase sued as US crackdown continues

JAMIE WILLIAMSON  |  WEDNESDAY, 7 JUN 2023
... and national securities exchange when it was not registered to. It was also charged for failing to register the offer and sale of its crypto asset staking-as-a-service program. According to the SEC's complaint, since at least 2019, Coinbase has made ...

Cash rate hits 4.1%

KARREN VERGARA  |  TUESDAY, 6 JUN 2023
The Reserve Bank of Australia (RBA) has hiked rates by another 25 basis points to bring the official cash rate to 4.1%. Many experts fear that Australia is teetering on the edge of a recession and that the latest decision by the nation's central bank ...

ASIC bans former Madison adviser

CASSANDRA BALDINI  |  TUESDAY, 6 JUN 2023
Brisbane-based financial adviser Stephen Vick received the ban for recommending his clients roll over their existing superannuation to a newly established self-managed superannuation fund (SMSF) and borrow to invest in residential property. The regulator's ...

Economists divided over cash rate decision

ANDREW MCKEAN  |  MONDAY, 5 JUN 2023
Accelerating wages growth and higher than expected inflation would perhaps indicate an increase is justified, however, the economic hardships faced by Australians is intensifying. According to an economic misery index by the University of Melbourne ...

The Australian small-cap conundrum: VanEck

CASSANDRA BALDINI  |  FRIDAY, 2 JUN 2023
Australian investors have traditionally been attracted to Australian small caps, yet locally, the asset class has consistently underperformed when compared to its global counterpart. A new research paper released by VanEck titled Global small-caps ...