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Showing 7441 - 7450 of 9290 results for "wealth"

Short-termism crippling wealth management

ELISE BURGESS  |  WEDNESDAY, 31 AUG 2011
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 ...

CBA in takeover bid for Count Financial

ALISON BEVEGE  |  TUESDAY, 30 AUG 2011
... 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 ...

Rice Warner: opt-in cost applies to advisers in regular contact

MATT WOODINGTON  |  TUESDAY, 30 AUG 2011
... 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 ...

Bonds, where the real money is

ALEX DUNNIN  |  TUESDAY, 30 AUG 2011
... 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 ...

FOFA: Government extends soft-dollar benefit ban to non-super risk insurance

ALISON BEVEGE  |  MONDAY, 29 AUG 2011
... 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 ...

FOFA divides on commission

ELISE BURGESS  |  MONDAY, 29 AUG 2011
... 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 ...

Perpetual posts results, buy-back option

ELISE BURGESS  |  FRIDAY, 26 AUG 2011
... 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 ...

IOOF profits soar despite difficult times

ALISON BEVEGE  |  THURSDAY, 25 AUG 2011
... 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 ...

iPac buys $230m SA planning practice

ALISON BEVEGE  |  THURSDAY, 25 AUG 2011
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 ...

MLC to launch new flagship insurance product

ALISON BEVEGE  |  WEDNESDAY, 24 AUG 2011
... 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 ...