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CountPlus' 100-day plan for Count Financial

ELIZABETH MCARTHUR  |  MONDAY, 26 AUG 2019
... shareholders," Rowe said. "In a short time, we will implement our plan to bring Count Financial into the modern age of advice, not only making it comply with legislation around new education standards and the banning of grandfathered commissions, but ...

Dividend payouts stagnate

KARREN VERGARA  |  MONDAY, 26 AUG 2019
... credit charges bouncing off lows, UBS said in a banking sector note. Further, UBS forecasted an ongoing trend of regulators not backing down from proposing changes to capital, remediation and responsible lending. "We remain cautious on the banks given ...

KPMG names financial services head

HARRISON WORLEY  |  MONDAY, 26 AUG 2019
The global consulting firm has named a new leader for its financial services division. KPMG financial services management consulting head Daniel Knoll has been promoted to national industry leader for financial services. The role will see the former ...

Boutique launches new fund

KARREN VERGARA  |  MONDAY, 26 AUG 2019
... securities, and trusts investing in direct property or mortgages and other managed funds of about 20 to 50 securities. It does not invest in equities. The fund charges management fees of 0.85% per annum and pays monthly income distributions. Based on ...

Chief economist update: Trump should read Frank

BENJAMIN ONG  |  MONDAY, 26 AUG 2019
... Hole being just a repetition of the Fed's recent mantra that it "will act as appropriate to sustain the expansion"? Nah, not according to Trump's tweet on August 23 where @realDonaldTrump joked (or really believed it?): "The Dow is down 573 points ...

Government should intervene in BOLR changes: Opposition

JAMIE WILLIAMSON  |  FRIDAY, 23 AUG 2019
... last week or the week before" that "passed all the tests that were expected of them by all the regulators". "Therefore, it is not correct to say it has anything to do with the Hayne Royal Commission," Mookhey said. In concluding, Mookhey said he plans ...

Perpetual in acquisition mode

KANIKA SOOD  |  FRIDAY, 23 AUG 2019
... under management. Adams denied Perpetual is currently looking at it actively. "I wouldn't believe everything I read.We are not in current discussions with Pzena," he said, declining to confirm if Perpetual pursued it at an earlier point in time. ...

Chief economist update: Jerome is in the Hole

BENJAMIN ONG  |  FRIDAY, 23 AUG 2019
... February 2018 - nominated by no less than US President Donald Trump himself. Two things are certain. One, Jerome would be careful not to disappoint financial markets that are expecting another 25 bps cut that will take the fed funds rate down to 1.75%-2.0% ...

Managed funds versus the ASX 200

KANIKA SOOD  |  THURSDAY, 22 AUG 2019
... workplace super. It found that 11 of the 80 beat the index for the year. The 11 outperformers were split almost evenly between not-for-profit super funds such as Equipsuper, First State Super and QSuper and retail funds such as Integra Super, Virgin ...

ASIC bans SMSF business director

HARRISON WORLEY  |  THURSDAY, 22 AUG 2019
... in credit activities, but held neither an Australian financial services license, nor an Australian credit license, and was not acting as an authorised representative of another licensee. The regulator noted Goldenberg should not have been providing financial ...