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Showing 711 - 720 of 2671 results for "Purchase"

Blockchain startup raises $68m, ordered to return funds

ALLY SELBY  |  FRIDAY, 21 FEB 2020
The Securities and Exchange Commission (SEC) has settled charges against a blockchain startup, after it raised $68 million through an unregistered "initial coin offering". Enigma MPC, based in San Francisco and Israel, raised approximately $68 million ...

Profits down as Perpetual looks to future

HARRISON WORLEY  |  THURSDAY, 20 FEB 2020
... our capabilities beyond Australian equities," Adams said. Part of Perpetual's strategic growth initiatives, the recent purchase of Trillium Asset Management was heralded by Adams as a means to meet the "evolving expectations" of stakeholders as demand ...

Advice complaints low: AFCA

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 FEB 2020
... inappropriate advice to establish an SMSF was highlighted by Donald as a trend in complaints that AFCA has noticed. The advice to purchase property with an SMSF, especially in a rural area, was also complained about. "Last year we had 40% more complaints ...

Zenith enters superannuation

ELIZA BAVIN  |  TUESDAY, 18 FEB 2020
... $12 million acquisition supporting its push into the superannuation industry. Zenith has entered into an agreement to purchase the Chant West superannuation and consultancy business, supporting the growth ambitions of both businesses. David Wright, chief ...

Chief economist update: Japan fails to learn from history (yet again)

BENJAMIN ONG  |  TUESDAY, 18 FEB 2020
"Those who do not remember the past are condemned to repeat it." - George Santayana... and repeat the past, Japan did. Preliminary estimates show that the economy contracted by 1.6% in the last quarter of 2019 following a 0.1% growth (if you could call ...

AMP faces fresh class action

ALLY SELBY  |  WEDNESDAY, 12 FEB 2020
... which will claim AMP and subsidiary advisers received commissions and other incentives for recommending their clients purchase insurance through AMP Life, has been funded by Woodsford Litigation Funding. Woodsford has also bankrolled the class action ...

Argo Investments' profit plunges

ALLY SELBY  |  MONDAY, 3 FEB 2020
Listed investment company Argo Investments' profit has taken a dive, falling 24.4% from the previous period. Yet Argo has maintained its half-year dividend at 16 cents per share fully franked. The company announced a half-year profit of $118.8 million ...

Westpac facing new class action

ELIZA BAVIN  |  MONDAY, 3 FEB 2020
Westpac is facing a new class action over issues connected to the bank's monitoring of financial crime and the recent AUSTRAC scandal. Rosen Law, a US based international investor rights law firm, filed the class action on behalf of purchasers of ...

The PDS is weak: Rice Warner

ELIZABETH MCARTHUR  |  MONDAY, 3 FEB 2020
... investment community used similar remuneration structures - in the 1980s, it was not uncommon to pay a fee of 8% of the purchase price to buy into a property trust." Therefore, one of the consequences of that structure was an industry focussed on selling ...

Millennials not attracted to property

ALLY SELBY  |  WEDNESDAY, 29 JAN 2020
Low return expectations may be impacting first home purchases among younger Aussies, with investors turning towards equities and bonds to reap stronger returns. That's according to the latest analysis from Fidelity, which compared real (inflation-adjusted) ...