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Showing 1 - 10 of 12567 results for "Current"

Brisbane financial adviser has assets frozen

ANDREW MCKEAN  |  FRIDAY, 10 MAY 2024
... parties upon learning of the investigation. The Court also noted that claims by aggrieved individuals, based on ASIC's current analysis, could significantly exceed the amounts held in their accounts, making any asset dissipation detrimental to their ...

AFCA finds more Dixon Advisory victims

KARREN VERGARA  |  FRIDAY, 10 MAY 2024
... million in revenue last financial year?" As at 10 April 2024, Dixon Advisory and Superannuation Services (DASS) remains a current AFCA member. ASIC cancelled DASS's licence on 5 April 2023. The terms of the cancellation require Dixon Advisory to ...

Morningstar unsure if KKR's Perpetual bid benefits shareholders

ANDREW MCKEAN  |  THURSDAY, 9 MAY 2024
... KKR's proposed acquisition of Perpetual's wealth management and corporate trust businesses supports their view that its current stock price undervalues these assets. "The face value of the offer is above our expectations and represents a step toward ...

Advisers must unite for major reforms: SIAA

KARREN VERGARA  |  THURSDAY, 9 MAY 2024
Financial advisers will need to band together to successfully get through another of period of reforms that will ultimately make advice accessible and affordable, this year's Stockbrokers and Investment Advisers Association (SIAA) Conference will ...

Perpetual seals $2.18bn deal with KKR, chief to retire

ANDREW MCKEAN  |  WEDNESDAY, 8 MAY 2024
Perpetual has agreed to divest its wealth management and corporate trust businesses to Kohlberg Kravis Roberts (KKR) for $2.18 billion, pending shareholder approval. The deal will see the departure of Perpetual chief executive Rob Adams. The net proceeds ...

Platinum's FUM dips below $14bn

KARREN VERGARA  |  WEDNESDAY, 8 MAY 2024
Platinum Investment Management's funds under management took a $1.65 billion hit to finish at $13.5 billion at the end of April. Most of the outflows came from an unnamed institutional investor walking away and product rationalisation initiatives ...

REI Super updates Conservative option

KARREN VERGARA  |  WEDNESDAY, 8 MAY 2024
... Conservative investment option has not provided the level of product differentiation required to warrant keeping it in its current form and we see greater opportunity to offer an updated investment option," a note to members read. "The proposed change ...

ASIC clamps down on advisers, trustees cold calling

KARREN VERGARA  |  TUESDAY, 7 MAY 2024
... (SMC), has advocated for the banning of advice firms using third parties to solicit business via cold calling, and for current anti-hawking laws to cover cold-calling advisers who charge up to $6000 to roll members into an inappropriate fund. The government ...

Dexus completes $300m raising

ELIZA BAVIN  |  TUESDAY, 7 MAY 2024
... anticipated, DREP2 has attracted substantial investor interest from domestic and international investors who believe that the current market environment offers the right set of circumstances for opportunity style investing," DREP fund manager Jason Howes ...

Farewell TelstraSuper: Largest corporate fund explores merger options

ANDREW MCKEAN  |  MONDAY, 6 MAY 2024
... rebranding of the fund," TelstraSuper said. TelstraSuper also said that it needs to move to a new custodial arrangement as its current contract with J.P. Morgan is set to expire in 2025, which is a "significant task" for the fund. "... again, a merger ...
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