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Showing 7101 - 7110 of 9288 results for "wealth"

Bendigo offloads IOOF stake

LINDA HAUSKEN  |  THURSDAY, 9 AUG 2012
Bendigo and Adelaide Bank has sold its 7.8% stake in wealth management firm IOOF Holdings, worth $110 million. In a statement to the Australian Securities Exchange (ASX) Bendigo and Adelaide Bank said the sale was conducted at $6.16 a share and is expected ...

CFS names new executive manager

LINDA HAUSKEN  |  WEDNESDAY, 8 AUG 2012
The Commonwealth Bank's group executive wealth management, Annabel Spring today announced the appointment of Linda Elkins as the new executive general manager of Colonial First State. Prior to her new role, Elkins was general manager of marketing and ...

UK adviser offered 50% PI discounts

ALEX DUNNIN  |  TUESDAY, 7 AUG 2012
UK wealth intermediary group Tenet has introduced a 50% discount on the cost of professional indemnity (PI) insurance for advisers promoting risk-rated multi-asset funds. Tenet, a large fee for service intermediary support services group that works ...

MFOs take growth from banks

MELANIE TIMBRELL  |  TUESDAY, 7 AUG 2012
... organisations worldwide, according to a Bloomberg Markets study. Of the top 10 fastest-growing firms ranked, only HSBC Private Wealth Solutions was part of a big bank with the other nine on the list boutiques. The boutiques operate with generally smaller ...

40% of super funds gone by 2020:CoreData

BEN COLLINS  |  TUESDAY, 7 AUG 2012
... increase to 24% by 2030, from 20% today. 28% of the population will be aged over 60 by 2050. Kristen Turnbull, head of advice, wealth and super at CoreData, said the research suggested that two in five funds that exist today will not be around in less ...

Crystal Wealth appoints former Multiport CEO

LINDA HAUSKEN  |  MONDAY, 6 AUG 2012
Boutique financial advisory and investment management firm Crystal Wealth Partners has named former Multiport chief executive John McIlroy as company director and shareholder. Prior to joining Crystal Wealth Partners, McIlroy was the founder of SMSF ...

A question of survival

BEN COLLINS  |  FRIDAY, 3 AUG 2012
Lawmakers have stepped up and have responded to the history of product flogging in wealth management, leading to an inflection point where the only fund managers that will survive are those willing to reinvent their business. Fund managers will either ...

Super asset changes deliver positive return

MELANIE TIMBRELL  |  FRIDAY, 3 AUG 2012
... balanced options) over the 12 months were legalsuper with 5.7%, Vision Super with 4.4%, EquipSuper with 3.4%, Perpetual Wealth Focus with 3.2% and AustralianSuper with 2.8%. The top five public offer Retirement super funds (by balanced options) over ...

Direct investors prefer scaled advice

MELANIE TIMBRELL  |  THURSDAY, 2 AUG 2012
... advice relationship to full service if they were satisfied with the advice received. Kristen Turnbull, head of advice, wealth and super at CoreData, said the number of direct investors has been growing over recent years, driven by the market environment ...

Regulators on post-Trio watch

BEN COLLINS  |  THURSDAY, 2 AUG 2012
... facilitate a more open discussion on regulatory change. "More staff have come from the industry and that helps understand the wealth sector," he said. But to put in context, APRA's deputy chair Ross Jones said that Trio is the one instance of superannuation ...