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Showing 761 - 770 of 1631 results for "Division 305"

Perpetual's acquisition of The Trust Company pays off

LAURA MILLAN  |  THURSDAY, 27 AUG 2015
Perpetual Private's profit before tax was up 74% for the year to 30 June 2015, with the parent company registering a net profit after tax 50% higher. "The result was boosted by the acquisition of The Trust Company, growth in new high net worth clients ...

Industry fund competes directly with advice networks

LAURA MILLAN  |  WEDNESDAY, 26 AUG 2015
... well-educated and we have privileged access which enables us to design products and solutions - such as our open Defined Benefit Division - specifically for our members," he said, adding: "This makes access to quality, professional advice that demonstrates ...

PROFILE: J.P. Morgan head of Australia funds David Hallifax

ALEX BURKE  |  WEDNESDAY, 26 AUG 2015
You know the old saying: there's nothing like selling monkey hand-puppets door-to-door to turn you off working in sales forever. David Hallifax was doing odd jobs with a friend to support himself while backpacking around Australia. He'd crossed the ...

Super fund goes nuts for returns

DARREN SNYDER  |  FRIDAY, 21 AUG 2015
First State Super has hinted at further investment in Australia's agriculture industry after purchasing a major stake in almond orchards, the country's highest grossing horticultural export. Yesterday Select Harvests Limited (SHV) announced to the Australian ...

IRESS sees profit in wealth management

DARREN SNYDER  |  THURSDAY, 20 AUG 2015
Financial planning software provider IRESS has recorded a 10% profit increase in its Australia and New Zealand wealth management division over the past six months. The half-year result reflects continued demand in the wealth management segment with ...

CBA profit tops $9 billion

DARREN SNYDER  |  WEDNESDAY, 12 AUG 2015
Commonwealth Bank recorded a $9.1 billion cash profit in the last financial year with its wealth management arm the only division to see a profit drop. The bank's total cash profit was a 5.3% increase on the previous year yet its wealth management profits ...

Macquarie advisers defect to start independent firm

LAURA MILLAN  |  WEDNESDAY, 12 AUG 2015
Four senior executives and financial planners from Macquarie Private Wealth (MPW) have left the group to start their own non-aligned boutique advice firm. Jeffrey Wrightson, Stephen Thaxter, Chris Forrest and Nina Kazmierczak have set up Sovereign Wealth ...

Bendigo wealth earnings fall 20pct despite acquisition

LAURA MILLAN  |  MONDAY, 10 AUG 2015
Bendigo and Adelaide Bank cash earnings for its wealth management division are down 20.5%, despite the acquisition of a stake in a superannuation fund. Australia's fifth largest bank reported its results for the year to 30 June 2015 and confirmed that ...

UBS adds three execs to asset management team

LAURA MILLAN  |  FRIDAY, 31 JUL 2015
UBS has appointed a director of product development, a director of institutional business development and a marketing manager to its global asset management team in Australia. Vasco Gil joins UBS from Russell Investments, where he was product manager. ...

American IRAs not super funds

DARREN SNYDER  |  MONDAY, 20 JUL 2015
A recent decision by the Australian Administrative Appeals Tribunal (AAT) ruled that an American Individual Retirement Account (IRA) is not a superannuation fund for Australian Tax Purposes. In the case of Baker and Commissioner of Taxation, tribunal ...