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Showing 1 - 10 of 262 results for wealthy

Fund managers nervously await 'golden visa' reforms

KARREN VERGARA  |  WEDNESDAY, 24 APR 2024
... Some $2.7 billion of this sits in venture capital and emerging companies. A host of fund managers depend on SIVs to reach wealthy investors they otherwise have no access to. They include Colonial First State, MA Financial Group, First Sentier Investors ...

Income inequality elevated, spikes: Oxfam

KARREN VERGARA  |  TUESDAY, 16 APR 2024
... of one denotes total inequality. Australia's Gini coefficient in 2019-20 was 0.318, which was close to the average of wealthy nations of 0.315, according to the Organisation for Economic Cooperation and Development (OECD), ranking the country with the ...

Treasury details winners from tax concessions on super contributions

ANDREW MCKEAN  |  THURSDAY, 1 FEB 2024
... of benefits due to their average personal tax rates being lower than the 15% concessional rate. Tax advantages for the wealthy were also evidenced in the concessional taxation of superannuation earnings, where individuals with larger balances and higher ...

Aussies want advice from their super fund: CFS

CHLOE WALKER  |  TUESDAY, 23 JAN 2024
... by those with an average amount of money. By comparison, only 15% of respondents believe advice is most needed by the wealthy. "There is a common misconception that financial advice is for the wealthy because it is unaffordable," CFS Superannuation chief ...

2024 to be a watershed year: FAAA

JAMIE WILLIAMSON  |  THURSDAY, 11 JAN 2024
... planner and will receive great value, as the benefits of financial advice far outweigh the cost for average as well as wealthy Australians," she said. "We have a financial system that's so complex that the average Australian simply can't navigate ...

GSFM to distribute Access Capital Partners offering to HNWs

CHLOE WALKER  |  FRIDAY, 8 DEC 2023
... Parisian firm Access Capital Partners (ACP) to distribute its European infrastructure and smaller buyout strategies to local wealthy investors and family offices. GSFM chief executive Damien McIntyre said the partnership will provide a diversified exposure ...

Billionaires of all ages watching AI: Research

CHLOE WALKER  |  FRIDAY, 1 DEC 2023
... said it's exciting to see the rise of billionaires in the region. "The great wealth transfer among billionaires and wealthy families has also started to show momentum, highlighting the importance of finding consensus between generations on family ...

Family office executives take investment reins: Ocorian

CHLOE WALKER  |  THURSDAY, 5 OCT 2023
... globalized network of administration centres, and 44% said they will bring sophisticated regulatory expertise. "Traditionally, wealthy families entrusted investment managers to manage their assets, but falling returns driven by the financial crisis in ...

Should wealthy Aussies use super to fund aged care?

ANDREW MCKEAN  |  THURSDAY, 3 AUG 2023
... Australia's ageing population, assistant treasurer Stephen Jones has responded to a new issues paper that suggests requiring wealthy Australians to use part of their superannuation for their personal aged care costs. The paper is expected to be submitted ...

AAC at centre of billionaire insider trading scheme

CHLOE WALKER  |  WEDNESDAY, 26 JUL 2023
... sure thing," US attorney Damian Williams said in a video on social media. "None of this was necessary. Joe Lewis is a wealthy man. But as we allege, he used inside information as a way to compensate his employees, or to shower gifts on his friends and ...
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