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Showing 7471 - 7480 of 9290 results for "wealth"

Market Wrap

AAP  |  TUESDAY, 9 AUG 2011
... down 5.79 per cent, or 77 cents, at $12.54. Overall, falls outnumbered rises by more than 13 to one. Macquarie Private Wealth associate director Lucinda Chan said the worry on the market was the prospect of weak US and European economies hitting Australia's ...

Bendigo Wealth plays part in group profits

MATT WOODINGTON  |  TUESDAY, 9 AUG 2011
The recently formed Bendigo Wealth made a 14% contribution to Bendigo and Adelaide's $342 million full year profit for 2010/2011. The wealth management division was officially launched in April, offering margin lending, cash, investment, managed fund ...

ANZ fears regulation could hamper scaled advice

MATT WOODINGTON  |  FRIDAY, 5 AUG 2011
ANZ Wealth head Paul Barrett believes that the current definitions of 'best interest' advice could halt the industry's migration into the world of scaled advice. Speaking at the Financial Services Council (FSC) conference, Barrett spoke of the need ...

US ceiling raised but underlying reasons remain

ELISE BURGESS  |  FRIDAY, 5 AUG 2011
... society that has chronically and consistently underpaid its basic workers for a generation," said Abernethy. "The massive wealth creation generated by the industrial revolution, the IT revolution and the internet has not been shared with the labour that ...

Govt uncertainty plagues wealth mgmt industry

ELISE BURGESS  |  FRIDAY, 5 AUG 2011
Uncertainty around regulations and industry reforms has shaken the wealth management industry's chief executives, with lack of confidence in Australian preparation for its ageing population, a new report has revealed. The survey of 31 chief executives ...

JBWere wealth head resigns

ELISE BURGESS  |  FRIDAY, 5 AUG 2011
Brad Gale, head of JBWere's institutional wealth business and equity partner, has resigned from the company. JBWere confirmed to Financial Standard that Gale has left the firm after 11 years, although it is not known where he is heading to next. "We ...

Gold, gold, gold, but not to Australia

ALEX DUNNIN  |  THURSDAY, 4 AUG 2011
... This could trigger a race for the precious metal with growing numbers of wealthier people in China and India where holding wealth in gold is part of their culture, he said. Investors who don't understand these dynamics will be squeezed out. These defensive ...

Industry looks to draw line under reforms

MATT WOODINGTON  |  THURSDAY, 4 AUG 2011
... our sector through engaging effectively with the community," said Maher. John Van Der Wielen, managing director of ANZ Wealth said the lack of clarity around legislation had caused people to take their eye of the ball while debating the unknown. "At ...

Star hire strengthens IOOF adviser drive

ALISON BEVEGE  |  WEDNESDAY, 3 AUG 2011
... platform has $25 billion in funds under management. Most recently Weldon helped launch MLC Wrap in his role as MLC & NAB Wealth manager of wrap. Renato Mota, IOOF general manager of distribution, said the appointment would reinforce the existing strategy ...

BT regroups for market push

ELISE BURGESS  |  WEDNESDAY, 3 AUG 2011
... total of 750 over three years through a mix of internal and external recruitment. Cooper said the rate of change facing the wealth management industry, such as the Future of Financial Advice (FOFA) reforms, meant it was time for innovation to compete ...