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Showing 1 - 10 of 127 results for "Wholesale clients"

Lombard Odier brings plastic circularity fund down under

JAMIE WILLIAMSON  |  TUESDAY, 19 MAR 2024
... compelling private offering for local Australian investment groups." "We are giving institutional investors and wholesale clients the opportunity to invest in growth-stage companies positioned to capture the worldwide transition undergone by the plastic ...

Too many Aussies eligible for wholesale products: FSC

ANDREW MCKEAN  |  TUESDAY, 13 FEB 2024
... reinvest distributions and make new investments under their current status, ensuring they remain classified as wholesale clients for all associated financial services, based on their original qualification. These changes, nevertheless, come with transition ...

Advice group awards mandate to JANA

JAMIE WILLIAMSON  |  WEDNESDAY, 24 JAN 2024
... JANA's institutional quality advice and scale to find best in class investment opportunities for their retail and wholesale clients."

AFCA tightens wholesale investor remit

KARREN VERGARA  |  FRIDAY, 17 NOV 2023
... assesses their complaints. AFCA will shortly update its operational guidelines for assessing complaints from wholesale clients following feedback from a Treasury independent review that highlights changes to two categories, AFCA lead ombudsman Shail ...

ASIC strips institutional broker's AFSL

ANDREW MCKEAN  |  THURSDAY, 16 NOV 2023
... institutional broker, formerly authorised to provide financial product advice and custodial services to both retail and wholesale clients, retains the right to seek a review of ASIC's decision through the Administrative Appeals Tribunal. Meanwhile, First ...

Institutional investor tips $30m into new Mantis offer

CHLOE WALKER  |  THURSDAY, 16 NOV 2023
... wealth manager's asset allocation with little bona fide hedge fund product choice. The unit trust is available to wholesale clients in Australia and wholesale investors in New Zealand only, with Equity Trustees as the responsible entity. The unit trust ...

Treasury unveils advice reforms draft legislation

KARREN VERGARA  |  TUESDAY, 14 NOV 2023
... the draft legislation. The recommendation that clients be required to give informed consent to be treated as wholesale clients is also missing. "FAAA members and their clients are looking forward to the certainty that this legislation will bring to the ...

J.P. Morgan readies evergreen solution for wholesale market

ANDREW MCKEAN  |  MONDAY, 13 NOV 2023
... solution" designed to democratise access to asset classes - previously exclusive to institutional investors - to wholesale clients. The asset manager's local chief executive Andrew Creber told Financial Standard that the firm has witnessed a growing ...

Adviser levy discount amounts to $8m saving

KARREN VERGARA  |  FRIDAY, 10 NOV 2023
... financial products to retail clients to pay $47,593,147 in total. Licensees that provide personal advice to only wholesale clients will pay $176,202, while those that provide only general advice to retail clients or wholesale clients will be charged ...

More than $17m paid in CFD-related remediation

JAMIE WILLIAMSON  |  THURSDAY, 9 NOV 2023
... Trading, which traded as Binance Australia Derivatives, due to its incorrect classification of retail clients as wholesale clients. This was paid in two tranches, first in May and June 2023 and then in September 2023. The further $4.3 million was paid ...
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