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Showing 71 - 80 of 263 results for "Mutual fund"

Advice the face of wealth management evolution

DARREN SNYDER  |  THURSDAY, 16 NOV 2017
The chief executive of a US mutual fund provider and subsidiary to a US$1.7 trillion global investment manager believes the financial services industry cannot go back on its move to independent financial advisers. Speaking at a Morningstar investment ...

Japanese broker targets Aussie SMSFs

DARREN SNYDER  |  MONDAY, 14 AUG 2017
One of Japan's largest online broking platforms is soon to launch in Australia with a focus on self-managed superannuation funds and financial advisers. Within two months the Monex Group expects to be operating in Australia, providing clients with trading ...

AMP Capital appoints independent directors

KARREN VERGARA  |  FRIDAY, 21 JUL 2017
AMP Capital appointed three non-executive directors to its responsible entity and trustee boards. John Nesbitt, Ming Long and Peter Rowe will join the AMP Capital Funds Management and AMP Investment Services boards effective July 28. Serving as the ...

Vanguard global chief executive steps down

KARREN VERGARA  |  FRIDAY, 14 JUL 2017
Vanguard global chief executive Bill McNabb will step down at the end of the year to be succeeded by chief investment officer Tim Buckley. McNabb, who will stay on as chair, served as chief executive since 2008. He joined Vanguard 31 years ago, led ...

Blockchain feasibility test successful: Calastone

KARREN VERGARA  |  TUESDAY, 13 JUN 2017
... Brierley said. The proof-of-concept phase found using distributed ledger technology across the entire lifecycle of mutual fund transactions - from order placement through to the settlement and payment - industry participants could significantly benefit ...

Fiduciary rule introduced in United States

JAMIE WILLIAMSON  |  TUESDAY, 13 JUN 2017
Financial advisers in the United States are now required to act in the best interests of clients in a bid to prevent the US$17 billion lost by retirement savers each year. Last Friday, the US Department of Labor partially introduced the impartial conduct ...

Barclays refunds US$97m for overcharging clients

KARREN VERGARA  |  WEDNESDAY, 17 MAY 2017
... Barclays Capital has agreed to refund $97 million to clients for misrepresenting services and overcharging advisory and mutual fund fees. An investigation by the US Securities and Exchange Commission found Barclays overbilled clients to the tune of US$50 ...

PIMCO fund "Highly Recommended"

DARREN SNYDER  |  TUESDAY, 4 APR 2017
A global investment manager recently received a "Highly Recommended" rating for an actively-managed fixed interest fund. The PIMCO Income Fund had its previous "Recommended" rating upgraded by Zenith Investment Partners. It is now rated at the highest ...

Australia winning silver in APAC fintech race

ALEX BURKE  |  TUESDAY, 28 FEB 2017
Australia's finance sector ranks second among its Asia-Pacific peers when it comes to digital transformation, according to State Street research. The Asia-Pacific portion of State Street's global survey of 2000 investors and 500 investment providers ...

Financial advisers losing communication battle

EMMA RAPAPORT  |  MONDAY, 6 FEB 2017
... joined Morningstar in 1997 as a data analyst, and has been president since October 2015. He also served as director of Mutual Fund Research, as part of the team that launched Morningstar Investment Services, and as director of business strategy for international ...