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| | | The economic costs of short-termism by the wealth management industry is hindering financial performance and resulting in significant losses to equity holders, according to boutique Australian Equity fund manager, Hyperion. Short-termism, as discussed ... |
| | | | ... Count Financial's $25.6 million normalised net profit after tax. Grahame Petersen, Commonwealth Bank group executive of wealth management said Count Financial would provide the bank further access to the self-managed super fund sector through its network ... |
| | | | ... Warner anticipates that the establishment cost to the industry on the whole would be $46 million, while one of the leading wealth managers said it expects to spend $5 million on the process. Advisers are concerned that the opt-in process will take far ... |
| | | | ... noble as the concept is, will need a bit of finetuning. And if this finetuning means they bump up the interest rate then wealth management institutions better get used to complaining about the rush of money moving into cash and TDs rather than managed ... |
| | | | ... regulations. "There are many pages... for all of us to pour over," he said. Financial strategist Justin Hooper of Sentinel Wealth, a non-aligned financial advisory firm, said it could not go far enough. "There should be nothing that influences an advisor ... |
| | | | ... existing contractual rights of an adviser to receive ongoing product commissions. Steve Tucker, group executive of MLC & NAB Wealth, said overall the dealer group believes this is a good outcome for consumers and the industry. "The Government's announcement ... |
| | | | ... while the group's funds under management (FUM) within Perpetual Investments and funds under advice (FUA) within Private Wealth were up 1% and 5% respectively on the previous year. The Private Wealth division average FY11 FUA was $8.7 billion or 7% higher ... |
| | | | ... Kelaher, managing director of IOOF, said it was a very pleasing result and had come despite the difficult environment for wealth management businesses. "It's a great testament to our staff and management," he said. In a release, IOOF said the expected ... |
| | | | Wealth management firm iPac has bought a $230 million Adelaide-based planning practice, growing the funds under management of its South Australian arm to more than $1.2 billion. Financial advisory firm Intervest Holdings has taken its team of six financial ... |
| | | | ... Personal Protection Portfolio," West said. West, formerly chief executive of CGU Insurance, took up the role at MLC and NAB Wealth in March with a mandate to grow the insurance business. The three key areas he set his sights on are delivering market-leading ... |
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