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| | ASIC has slapped a permanent ban on a financial adviser who doctored her exam certificate and continued to provide advice without the proper qualifications. Adele Baaini, while working as a representative for licensee AAN Wealth Management, has been ... |
| | | Sequoia Financial Group will hold an Extraordinary General Meeting (EGM) in June that will consider a resolution to remove chief executive and managing director Garry Crole. Sequoia was earlier this month informed by a group of shareholders, that collectively ... |
| | | ... hat over the last two decades. So, I'm confident in taking over full responsibility of the company." According to the Financial Review Rich List, Farquhar is worth $18.16 billion, while Cannon-Brookes is worth $19.01 billion. |
| | | The investment bank is offloading Marcus Invest to Betterment just three years after announcing it will launch the digital adviser. Betterment will acquire Marcus Invest's digital investing accounts for an undisclosed figure. Goldman Sachs, however ... |
| | | ... minimum investment of $5 million and essentially fast track residency in Australia, to attract potential investors. The Financial Services Council estimates that SIVs have attracted $15 billion from investors, mainly from China. Some $2.7 billion of ... |
| | | The Financial Services Council (FSC) is expanding its remit into the financial advice sector by adding six licensees to its network of members. Count, Fortnum Private Wealth, Infocus, Otivo, Rhombus Advisory, and WT Financial Group have joined FSC's ... |
| | | ... $120,000 on average. "Regarding bonuses, approximately 73% of professionals in the industry indicated eligibility for financial bonuses," Kaizen said. "Among the 73% of those with eligibility for bonus potential, 90% received a portion of their total ... |
| | | ... proposed revising the annual superannuation performance test, so it better aligns trustees' investments with the best financial interests of members. In its Treasury submission, the Institute said the test should include two metrics: the current one ... |
| | | ... decision to axe the four units. "The flows varied across strategies, but the decision was based upon our long-term view of financial materiality of these businesses," an FSI spokesperson said. Mitsubishi UFG Financial Group acquired FSI in 2019 for $4.2 ... |
| | | ... peaking about at $2.09 in 2018. FOR has returned 19.8% in the last year and 9.5% p.a. since its 2009 inception. "The 2019 financial year handed us some important lessons about the importance of portfolio liquidity that had nothing to do with redemptions. ... |
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