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Showing 1 - 10 of 98 results for "mortgage broking"

Ownership changes spur upheaval in unit trust sector

KARREN VERGARA  |  WEDNESDAY, 12 JUL 2023
... by the Commonwealth Bank. CBA sold CFSGAM for $4.2 billion in 2019 as part of demerging its asset management, mortgage broking and wealth businesses following the Royal Commission. In terms of recent acquisitions, Pendal Group, which lost $5.2 billion ...

ASIC bans former Madison adviser

CASSANDRA BALDINI  |  TUESDAY, 6 JUN 2023
... of ASIC's decision. Vick's business comprised a group of companies that provided services in property sales, mortgage broking, accounting and financial advice, ASIC said. It found that the former adviser did not act in the best interests of clients ...

TIP Group to acquire advice firm

CASSANDRA BALDINI  |  TUESDAY, 7 MAR 2023
... 2010, Enva is based in Adelaide with a satellite office in the Sunshine Coast and offers financial planning, mortgage broking, insurance broking, private lending and financial services licensing and compliance. Enva reported FY22 revenue of $1.8 million ...

AMP wants life insurance caps raised, fees lowered

CASSANDRA BALDINI  |  MONDAY, 27 JUN 2022
... system in life insurance with good governance practices in place to protect consumers is workable, like in the mortgage broking industry. " "The Quality of Advice Review is a generational opportunity to reset regulations relating to financial advice ...

Demand for retiree client book increases

KARREN VERGARA  |  SATURDAY, 1 JAN 2022
... groups of 50 to 200 authorised representatives to be acquired by one bulk purchase continues to be evident. On the mortgage broking front, Radar Results found a steep rise in the price multiples buyers are willing to pay. The multiple for annual trails ...

Wealthwise acquires holistic advice firm

KARREN VERGARA  |  THURSDAY, 4 NOV 2021
... Wealthwise has acquired Complete Financial Solutions, which provides holistic financial advice, as well as lending and mortgage broking services. Complete FS was founded by Mark Giles in 1987 and was most recently part of ClearView Financial Advice. ...

BNK partners with Goldman Sachs

KANIKA SOOD  |  WEDNESDAY, 4 AUG 2021
... securitisation markets and the next stage of growth." BNK Banking Corporation has two businesses: banking and mortgage broking aggregation. In April, it announced a $250 million prime residential program with Bendigo and Adelaide Bank.

ASIC takes action against Equiti

KARREN VERGARA  |  FRIDAY, 21 MAY 2021
... Equiti Property, which is also a subsidiary of Equiti FS's parent company Equiti Group. The group also had a mortgage broking business Equiti Finance. ASIC alleges that the bonus payments influenced the financial product advice provided or the choice ...

Crescent Finance launches real estate funds

KANIKA SOOD  |  MONDAY, 3 MAY 2021
... Reuters' global head of Islamic capital markets. "Such providers have been around for many years and in effect are mortgage broking firms with a twist and do not pass the basic smell test on 'where did you get your money from?' Crescent Finance ...

Multiples paid for client books dip

KARREN VERGARA  |  WEDNESDAY, 31 MAR 2021
... capability to the latter would fetch between $80,000 to $120,000. The firm, which also brokers accounting and mortgage broking firms, found that demand for accounting and loan books has shot up. The short supply in accounting practices is garnering top ...
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