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Showing 1 - 10 of 45 results for "cash management account"

Macquarie Bank to pay $10m for unauthorised fee transactions

ELIZA BAVIN  |  MONDAY, 22 APR 2024
The Federal Court has ordered Macquarie Bank to pay a penalty of $10 million for failing to have effective controls to prevent and detect unauthorised fee transactions conducted by third parties, such as financial advisers, on customer cash management ...

ASIC permanently bans adviser who stole client funds

JAMIE WILLIAMSON  |  MONDAY, 8 JAN 2024
A financial adviser based on Queensland's Hope Island was permanently banned by the corporate watchdog after he was found to have misled clients about potential returns and used their funds for his own expenses. Delan Pagliaccio is banned from providing ...

Aura Group launches term deposit fund

CHLOE WALKER  |  FRIDAY, 9 SEP 2022
... Aura Term Deposit Fund invests in term deposits of Australian authorised deposit-taking Institutions and cash management account and is now available to wholesale investors. The new fund aims to provide exposure to an actively managed portfolio of Australian ...

ASIC takes Federal Court action against Macquarie Bank

ANDREW MCKEAN  |  TUESDAY, 5 APR 2022
... system. In a statement, Macquarie Group detailed that it had cooperated with ASIC's investigation into the cash management account thirty party fee authority and fully reimbursed the 13 affected clients. The company also stated: "Macquarie treats the ...

Aussie neobank partners with crypto exchange

ELIZABETH MCARTHUR  |  MONDAY, 6 SEP 2021
... provide integrated banking capabilities to BTC Markets customers, initially via access to a corporate cash management account with real-time notifications and payment automation. In the coming months, Volt said, BTC Markets will invite its customers ...

Trading platform partners with Sharesight

KARREN VERGARA  |  TUESDAY, 1 DEC 2020
A new trading platform has partnered with Sharesight to provide portfolio and tax reporting to retail investors. Marketech Focus, which soft launched in June, has revamped its digital infrastructure to allow investors to track portfolio performances ...

JBWere to continue using Praemium

KANIKA SOOD  |  TUESDAY, 7 JUL 2020
JBWere has extended its agreement with the ASX-listed platform business to provide reporting and non-custodial administration for the private banking giant's wealth management client portfolios. JBWere will continue using Praemium for another two years. ...

Cash management account to shutter

KANIKA SOOD  |  FRIDAY, 27 MAR 2020
A cash management account distributed by Colonial First State and issued by Bankwest is set to terminate effective June. The BWA Cash Management Account offered a variable rate of 0.40% per year, and acted as a central account for a usually advised ...

Banks, ASIC still at war over fees-for-no-service

HARRISON WORLEY  |  TUESDAY, 12 MAR 2019
... Macquarie proposed using a proxy rate to reflect lost earnings, with either the higher of the Macquarie Cash Management Account rate or the RBA rate to be used. Similarly, ANZ said it would calculate interest to reflect lost earnings, but would calculate ...

Macquarie shuffles wealth leadership

HARRISON WORLEY  |  MONDAY, 25 FEB 2019
Macquarie's wealth division is about to see a few changes at the top. From April 1, Macquarie head of wealth product and technology Cameron Garrett will head up the firm's wealth intermediary. After leading the firm's wealth products and technology ...
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