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Showing 81 - 90 of 309 results for "Merit"

Morningstar upgrades four, downgrades 10

ALLY SELBY  |  THURSDAY, 3 SEP 2020
Following a qualitative review of 69 Australian fixed-interest strategies, ratings house Morningstar has made 15 changes; including upgrades, downgrades, and dropping its coverage of one strategy. The changes are attributable to Morningstar's revised ...

AMP reviews business units

ELIZA BAVIN  |  WEDNESDAY, 2 SEP 2020
AMP has announced its board is undertaking a portfolio review of the group's assets and businesses, in the first major move by newly appointed chair Debra Hazelton. The embattled wealth manager said its board remains committed to AMP's transformation ...

Hobart adviser cops ban

ALLY SELBY  |  WEDNESDAY, 29 JUL 2020
ASIC has banned a Hobart-based financial adviser from providing financial services for five years after he encouraged clients to inappropriately double gear their investments. Meritum Financial Group authorised representative David Horton has been banned ...

Almost 2000 advisers gone so far in 2020

ELIZABETH MCARTHUR  |  TUESDAY, 21 JUL 2020
... their advisers. PriceWaterhouseCoopers Securities went from having 56 advisers registered to two in the last six months. Merit Wealth lost 45, while Ausure lost 42. Consilium, the licensee which had picked up the Dover and Spectrum financial advisers ...

MLC general manager departs

ELIZABETH MCARTHUR  |  MONDAY, 29 JUN 2020
The general manager of advice partnerships at MLC has departed. MLC has confirmed Michael Downey left his role with the business last week. Taking to LinkedIn, Downey said he is confident the MLC advice business is set up for success in the years ahead. ...

Fidelity launches sustainable fund

ALLY SELBY  |  TUESDAY, 16 JUN 2020
... Australia managing director Alva Devoy said investment managers had a responsibility to evaluate companies on both financial merit and their commitment to ESG factors. "We approach this in an integrated way, with financial and ESG analysis happening ...

AustralianSuper denies turnover issue, delays office

ELIZABETH MCARTHUR  |  TUESDAY, 16 JUN 2020
... is on hold. Appearing at a Bloomberg webinar, Delaney denied that the accusations levelled by the Lonsec report had any merit. He said that some senior portfolio managers departing Australia's largest super fund was simply due to a restructure of its ...

Zenith defends LICs/LITs

ALLY SELBY  |  FRIDAY, 12 JUN 2020
Zenith Investment Partners maintains that there is still merit in listed investment companies and trusts, despite volatile market conditions exacerbating their propensity to trade away from their underlying value. Zenith head of real assets and listed ...

Report reveals superficiality of ESG pledges

ELIZABETH MCARTHUR  |  TUESDAY, 9 JUN 2020
A new report has revealed a number of superannuation funds, including AustralianSuper, voted down shareholder resolutions on climate change despite signing up to the Investor Group on Climate Change. The Australian Centre for Corporate Responsibility ...

Adviser banned for five years

ELIZA BAVIN  |  TUESDAY, 26 MAY 2020
A financial adviser who cycled through seven AFSLs in nine years has been banned after ASIC found he provided poor SMSF advice and based insurance advice on the commission he'd receive. The five-year ban follows ASIC surveillance of advice provided ...