Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 811 - 820 of 1866 results for "broker"

Financial System Inquiry recommendations wrap

STAFF WRITER  |  SUNDAY, 7 DEC 2014
The Financial System Inquiry (FSI) has made 44 recommendation to increase efficiency, resilience and fair treatment of the financial system. Read below the relevant recommendations for the superannuation, wealth management and funds management industries. ...

'Twilight pool' block trading venue to launch in 2015

JAMES FERNYHOUGH  |  WEDNESDAY, 3 DEC 2014
... approach. The cost of transacting on Block Event will be 10 basis points. Investors can either trade directly or go through a broker. Weinberg said Block Event would provide the "ideal" way for institutional investors to make block trades. "The average ...

Industry welcomes grandfathering deal

LAURA MILLAN  |  WEDNESDAY, 26 NOV 2014
The financial services industry has welcomed the parliamentary agreement between the Coalition and Labor to fix the unintended consequences of scrapping grandfathering from the Future of Financial Advice (FoFA) legislation. The Financial Planning Association ...

Genesys advisers looking at all options following wind up

LAURA MILLAN, JAMES FERNYHOUGH  |  WEDNESDAY, 19 NOV 2014
Advice practices licensed under AMP-owned Genesys Wealth are currently considering all options after the licensee announced yesterday that it would wind up. At the moment, 92 advice firms employing 188 advisers are licensed under Genesys, according ...

SEC imposes US$4.16bn in penalties

ALEX DUNNIN  |  WEDNESDAY, 19 NOV 2014
The US corporate regulator, the Securities and Exchanges Commission (SEC), won orders for and imposed US$4.16 billion in penalties and disgorgements last year. In its 2013-14 annual report the SEC stated these penalties and disgorgements arose from ...

Non-aligned licensee inquiries to rise in 2015

LAURA MILLAN  |  MONDAY, 17 NOV 2014
Independence, the flexibility to build an approved product list and cheaper, more advanced technology and platforms are encouraging more advisers to leave large licensees and strike out on their own. The big four banks and AMP have collectively seen ...

Sydney set to become China share trading hub

MARK SMITH  |  THURSDAY, 13 NOV 2014
Sydney's time zone could see it become a hub for processing trades via the cross border trading link connecting Shanghai and Hong Kong, according to Omgeo executive director of industry relations Tony Freeman. The Shanghai Hong Kong Stock Connect scheme ...

MetLife partnership extend group insurance to SMEs

MARK SMITH  |  MONDAY, 3 NOV 2014
... Steadfast-MetLife corporate life insurance, income protection and total and permanent disability (TPD) cover. "Steadfast is the leading broker of risk products to SMEs and partnering with them is a natural fit for us in this segment of the market," MetLife ...

Market wrap

AAP  |  WEDNESDAY, 29 OCT 2014
... cents to $34.82, ANZ shed 25 cents to $33.16 and National Australia Bank was minus four cents at $34.56. But home loans broker Mortgage Choice added 12 cents, or 4.6 per cent, to $2.73 after it reported a strong rise in first quarter loan approvals and ...

Active management under threat from smart ETFs

MARK SMITH  |  MONDAY, 27 OCT 2014
The distinction between active and passive investment strategies is being blurred by the new range of index products being brought to market, according to S&P Dow Jones Indices managing director and index committee chairman David Blitzer. Speaking to ...