Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 7241 - 7250 of 19594 results for "RIS"

Dead advice clients slugged ongoing service fees

JAMIE WILLIAMSON  |  THURSDAY, 19 APR 2018
The Commonwealth Bank has admitted one of its advice subsidiaries charged ongoing service fees to clients it knew had passed away. Providing testimony to the Royal Commission today, CBA executive general manager, Commonwealth Private Marianne Perkovic ...

Suncorp names new chair

HARRISON WORLEY  |  THURSDAY, 19 APR 2018
Suncorp will welcome a new chairman in September following the retirement of Ziggy Switkowski from its board. Current board member Christine McLoughlin is moving into the chairmanship on 20 September as Switkowski retires at the annual general meeting. ...

Chief economist update: The colour of Beige

BENJAMIN ONG  |  THURSDAY, 19 APR 2018
Speculators speculating on the US Federal Reserve's next monetary policy movement should pay close attention to the Beige Book Report. The "book" isn't made up of figures and numbers and stats but instead anecdotal evidence on the state of the US economy. ...

Beer tap runs dry for $2 billion manager

KANIKA SOOD  |  WEDNESDAY, 18 APR 2018
A $2 billion manager - which at one point had 22% of its total equities portfolio invested in beer stocks - sold off the last of its positions in the brewing industry as it sees valuations peaking. Brewing company valuations shot up as a wave of consolidations ...

Cardena Private Wealth adds life insurance

KANIKA SOOD  |  WEDNESDAY, 18 APR 2018
The boutique wealth manager and advisory firm has signed onto MBS Insurance's life insurance offering, after 12 months of using its personal insurance consultancy for clients. Risk consultancy MBS will now advise Cardena's client base of high-net-worth ...

Robo-advice on the rise but no replacement

JAMIE WILLIAMSON, KARREN VERGARA  |  WEDNESDAY, 18 APR 2018
Robo-advice presents opportunities for increasing consumer accessibility to financial advice, but Investment Trends data and adviser insight suggests it will never be a panacea. Latest Investment Trends research shows adoption of robo-advice in Australia ...

Why wait for Royal Commission to address trust?

HARRISON WORLEY  |  WEDNESDAY, 18 APR 2018
A financial services industry group said its latest consumer research shows Australians care less about Royal Commission findings and are more concerned about professional standards. The Financial Services Institute of Australasia's (FINSIA) latest ...

Fintech launches active trading platform with no monthly fees

KANIKA SOOD  |  TUESDAY, 17 APR 2018
Saxo Capital Markets Australia has launched its new active trading platform that will let users trade over 35,000 financial instruments at no monthly fees and without expensive legacy hardware. The product is aimed at professional traders and smaller ...

NAB details serious compliance concerns in RC advice submission

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
In the past nine years NAB has identified about 70 financial advisers giving rise to serious compliance concerns across its wealth division. In its submissions to the Royal Commission, NAB disclosed that between 1 January 2009 and 1 January 2018, it ...

Vanguard launches two active factor ETFs

ALEX BURKE  |  MONDAY, 16 APR 2018
Vanguard will list its first active exchange-traded funds for Australian investors on the ASX tomorrow. The first of the two new ETFs is Global Value Equity (ASX: VVLU), and invests in global equities with value characteristics. The second, the Global ...