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Showing 9311 - 9320 of 21783 results for "Dec"

Court fines advice firm $7.8m

KARREN VERGARA  |  FRIDAY, 9 FEB 2018
The Federal Court has banned financial advice firm Wealth and Risk Management (WRM) and its related companies from operating in financial services for 18 years, and ordered the group to pay $7.8 million for engaging in unconscionable conduct. The court ...

Record high returns elusive in 2018: Economist

KARREN VERGARA  |  THURSDAY, 8 FEB 2018
Principal Global Investors chief global economist Bob Baur warns investors that 2018 will unlikely deliver the euphoric levels of financial market returns experienced in 2017. Speaking at this morning's Financial Standard Chief Economists Forum, Baur ...

JBWere team joins Koda Capital

ALEX BURKE  |  THURSDAY, 8 FEB 2018
A JBWere executive director and two advisers from the same firm will take up new roles as partners at Koda Capital. Former JBWere executive director Frank Macindoe joins Koda's Sydney office. He was previously a partner at Blake Dawson for about 20 ...

Chief economist update: RBA to lift rates after 2018

BENJAMIN ONG  |  THURSDAY, 8 FEB 2018
Now we've seen it all - the "most hated bull market in history" and the "most widely-expected correction." To wax pedantic about this, the Dow and the S&P 500's big drop on the 5 February 2018 does not even fit the technical definition of a correction ...

Market volatility ideal for fundamental investors: Expert

DARREN SNYDER  |  WEDNESDAY, 7 FEB 2018
An Australian equities expert believes the recent volatility on Wall Street and the ASX signifies an investment opportunity for fund managers that target fundamental valuations. Nikko Asset Management head of Australian equities Brad Potter described ...

Robo-adviser crashes during Wall Street selloff

ALEX BURKE  |  WEDNESDAY, 7 FEB 2018
One of the largest robo-advisers in the US saw its website go offline while markets fell across the globe on February 5. Wealthfront had to issue multiple clarifications to users via Twitter after complaints reached the platform that the website was ...

Performance fees drive Janus Henderson post-merger revenues

ALEX BURKE  |  WEDNESDAY, 7 FEB 2018
Janus Henderson's pro-forma adjusted revenue increased by 11% in the 12 months to 31 December 2017, driven by investment performance and higher average assets under management. Janus Henderson said strong markets delivered a 9% average increase in AUM ...

Spring FG wealth GM departs in management restructure

ALEX BURKE  |  TUESDAY, 6 FEB 2018
The group general manager of Spring Financial Group's wealth operations will depart, along with the group's chief financial officer, following a management restructure. In Spring's half-year results announcement, which revealed an expected operating ...

ClearView issues refunds over life sales misconduct

JAMIE WILLIAMSON  |  TUESDAY, 6 FEB 2018
ClearView has stopped selling life insurance direct to consumers and will refund $1.5 million to thousands of customers as a result of poor sales practices. An ASIC review found ClearView staff used unfair and high pressure sales tactics when selling ...

Advisers decline further education: Spot poll

KARREN VERGARA  |  MONDAY, 5 FEB 2018
A large cohort of advisers without the necessary educational qualifications will not undertake further study to meet the professionalism deadline, Financial Standard's weekly survey reveals. Two-in-five or 39% of advisers don't intend to undertake tertiary ...