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| | | ... implementation of the recommendations set out in her final report. The 267-page report, initially released to government in December, included 13 primary recommendations for making financial advice more affordable and accessible. In an open letter published ... |
| | | | ... access to our full range of investor solutions, as well as exceptional client support and market-leading expertise." As at December 2022, Cit was the third-largest custodian in Australia by assets, with $693 billion under custody. This was up 2.2% in ... |
| | | | ... The cuts will occur across all businesses, with the decision made "in light of the current environment," it said. As of December 2022, Lazard employs close to 3500 globally. "The first quarter was marked by economic uncertainty and market turmoil, particularly ... |
| | | | ... week Gavin Fineff was sentenced to nine years behind bars for defrauding clients out of $3.36 million. Meanwhile, in December, Rahul Goel was handed a three-year sentence for stealing $35,000 from clients' super accounts. |
| | | | ... billion, a decrease of 8%. In contrast, APRA data shows a significant increase in term deposit holdings in banks between December 2021 and September 2022, with the amount rising by $170 billion, from $781 billion to $951 billion - a 22% increase. Irrespective ... |
| | | | ... by the Australian Custodial Services Association. Specifically, the group saw a 2.2% increase from the six months to December end, taking it to $693.6 billion. |
| | | | ... out of the deal to $80 million. The update comes as Perpetual reports a 4% increase in assets under management since 31 December 2022. They now sit at $210 billion. The Australian asset management business accounts for $63.9 billion, close to $40 billion ... |
| | | | ... the most significant inflationary contributors. Of note, inflation for services also increased to 6.1% from 5.5% in the December quarter, the highest level since 2001. Treasurer Jim Chalmers said the latest ABS data confirms that inflation has passed ... |
| | | | ... Services channel, Insignia said. As at March end, Insignia had 1241 advisers across Advice Services, down from 1278 at December end. Overall, the business saw 42 advisers leave in Q3. Insignia said it is continuing to refine its advice business proposition ... |
| | | | ... investigation into a $149 million Ponzi scheme. ASIC froze the assets of Ascent and its director Michael Dunjey in late December 2021. Dunjey was also forced to surrender his passport and remain in Australia. ASIC alleges that Dunjey operated a dodgy ... |
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