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Financial services market skyrockets

ANNABELLE DICKSON  |  WEDNESDAY, 18 AUG 2021
Australia's total market for financial services increased by $1.27 trillion last financial year to a total of $10.9 trillion at June end, research shows. The latest Roy Morgan Banking and Finance Report showed the increase was larger than the last three ...

Aware Super hires member growth executive

KARREN VERGARA  |  MONDAY, 16 AUG 2021
... confirmed they will merge before the end of the year. VISSF has about $900 million in funds under management and is currently home to about 6700 member. "We have an ambitious growth agenda as we pursue the size and scale that will help us continue delivering ...

Economic recap: Week to August 13

BENJAMIN ONG  |  MONDAY, 16 AUG 2021
... government went "soft hearted" and gave in to to pressure of allowing the repatriation of 6000 stranded Australians per week back home. This was later cut back to 3000 per week. But too late now. Going back to the point, All of the consumer sentiment ...

Profit boost for CBA, ups remediation bill

KARREN VERGARA  |  WEDNESDAY, 11 AUG 2021
... business. The year to June 30 saw CBA's net profit after tax grow almost 20% to $8.7 billion, driven by business lending, home lending and household deposits. Remediation costs totalled $575 million for the period, of which $326 million relates to ...

Delta to impact real estate market: Analysis

ELIZABETH MCARTHUR  |  WEDNESDAY, 11 AUG 2021
... circulating in the community. "We expect to see a continuation of the current trends for more flexible work and working from home well into 2022, by which time many of these trends will be so entrenched that they may not reverse in full," BuyersBuyers ...

How wealthy families protect assets no matter what

ELIZABETH MCARTHUR  |  WEDNESDAY, 11 AUG 2021
... ex-wife was able to successfully argue during divorce proceedings that they were residents of California. Woods had purchased a home in California and could not prove residence in Florida, so the divorce was settled under California law. "One basic move ...

Abrdn acquires robo-adviser

ANNABELLE DICKSON  |  WEDNESDAY, 11 AUG 2021
... investment technologies. abrdn's forward-looking digital strategy makes the company both an ideal partner for Nucoro and the ideal home for Exo to drive that vision and use its reach to deliver the proposition to customers." In April, Standard Life Aberdeen ...

Economic recap: Week to August 6

BENJAMIN ONG  |  MONDAY, 9 AUG 2021
... was an achievement in itself. The "thrill of victory". "The agony of defeat". Athletes from around the world are bringing home medals, pride and experiences from the Tokyo Olympics, but it's the coronavirus that's the overall winner. Worlometer.com ...

Goldman Sachs hires for family office offering

ELIZABETH MCARTHUR  |  WEDNESDAY, 4 AUG 2021
... appointed to lead private wealth management business for Goldman Sachs in Australia. Both are Australian but are returning home after careers overseas. Shirley has been with Goldman Sachs for almost six years, based in Singapore, and is currently an ...

MSCI acquires Real Capital Analytics

ELIZABETH MCARTHUR  |  TUESDAY, 3 AUG 2021
... regulatory approvals and customary closing conditions. Real Capital Analytics founder Robert White said: "MSCI is a natural home for Real Capital Analytics since our primary goal has always been to bridge the information gap between commercial real estate ...