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Showing 781 - 790 of 1647 results for "Division 305"

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 ...

ASIC bans auditor and adviser

ALEX BURKE  |  WEDNESDAY, 15 JUL 2015
ASIC has permanently banned an insurance adviser and disqualified an SMSF auditor. Abhinav Gupta provided insurance advice via ACE Insurance's Victorian Combined Insurance division from October 2013 to May 2014. He was not a salaried employee of Combined ...

Claims of wrongdoing have no basis: IOOF

DARREN SNYDER  |  TUESDAY, 7 JUL 2015
IOOF managing director Christopher Kelaher has told a Senate committee today that claims of widespread wrongdoing at the company have no basis of fact. "I'm confident that I can confirm to you and the broader community that the company has an extremely ...

Executive appointment round-up

STAFF WRITER  |  FRIDAY, 3 JUL 2015
The biggest industry moves this week are Suncorp Life's chief executive stepping down after seven years in the position and Victorian Funds Management Corporation appointing a new chairman. Suncorp Life boss to step down - Geoff Summerhayes will step ...

State Street appoints head of custody

ALEX BURKE  |  MONDAY, 29 JUN 2015
State Street has appointed a new director for its custody division in Australia and New Zealand. Paul Khoury has been named head of State Street global services in Australia and New Zealand. Khoury will be based in Sydney and his appointment will be ...