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Showing 1 - 10 of 21 results for %22Master Wealth Control%22

AAT overturns ASIC ban on investment guru

CASSANDRA BALDINI  |  FRIDAY, 20 OCT 2023
... ASIC found she was claiming to hold AFS and credit licences that she did not. The licence for her company Master Wealth Control, which traded as DG Institute, was cancelled in 2021 on the basis that the business had not engaged in credit activity since ...

AMP to return $1.1bn to shareholders

JAMIE WILLIAMSON  |  THURSDAY, 11 AUG 2022
... took a hit, down to $117 million from $155 million year on year. The biggest factor impacting the result was North and Master Trust strategic repricing in 2021 as well as the release of AMP Bank credit loss provision which was partially offset by cost ...

Largest asset owners grow: WTW

JAMIE WILLIAMSON  |  WEDNESDAY, 24 NOV 2021
... of this is held by pension funds, 34.7% by sovereign wealth funds and 7.2% by Outsourced Chief Investment Officers and Master Trusts. Australian institutional investors account for six of the 100. Ranking highest is the Future Fund at 42 nd, moving up ...

ASIC cracks down on investment guru

ELIZABETH MCARTHUR  |  TUESDAY, 11 MAY 2021
... had her Australian credit licence cancelled by ASIC. Dominique Grubisa lost her licence for her company Master Wealth Control on the basis that the business was not engaging in the credit activities it was authorised to. ASIC is allowed to cancel a credit ...

APRA approves MLC super takeover

ELIZABETH MCARTHUR  |  FRIDAY, 7 MAY 2021
... trustee for MLC Super. On 31 August 2020, IOOF entered into an agreement with National Australia Bank to acquire the MLC wealth management business, which includes NULIS. Under the Superannuation Industry (Supervision) Act 1993, APRA must approve any ...

Fintech to take on super with new hire

ELIZA BAVIN  |  MONDAY, 16 NOV 2020
... SMSF offering for the next generation of Australian investors. He will now join Stake to build that offering under its master brand. "Self-managed super doesn't need to be a stuffy domain for the wealthy and mature cohort. As Aussies grab a hold of their ...

Masterfunds up $26 billion

ELIZABETH MCARTHUR  |  WEDNESDAY, 8 JAN 2020
... however that was due to investment earnings as inflows of $46 billion were exceeded by outflows of $60.1 billion. FUM in master trusts decreased by 21.6% due to the StatePlus transfer, excluding this numbers would have been up by less than 1%. The top ...

Leaving a legacy

KANIKA SOOD  |  FRIDAY, 18 OCT 2019
... progressively transfer what we are able to achieve to the foundation. Does that mean that you want to essentially, give all your wealth away? JC: Yes, that's correct. The foundation has been in existence for 17 years and we have been progressively ...

Priced out: Advice affordability at risk

ELIZABETH MCARTHUR  |  MONDAY, 9 SEP 2019
... process may eventually be split into two parts - specialist holistic advice and more general limited advice." Meanwhile, Master Your Money Now's Chris Carlin says there is opportunity amid the upheaval. About 70% of Carlin's clients are under ...

Perpetual in acquisition mode

KANIKA SOOD  |  FRIDAY, 23 AUG 2019
... during the financial year. The remaining $20 billion is split as about $14 billion from the intermediary channel (through master trust and wrap), $4.9 billion through direct retail or adviser-led (but not master trust and wrap) channels and the finally ...
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