The latest issue of Financial Standard now available as an e-newspaper
|The world is only six years away from welcoming its first trillionaire, according to a new study that looked at the private wealth of the world's richest denizens.|
|A new report finds the majority of Australian millionaires are cautious investors and prefer to leave their wealth in cash rather than risk capital erosion.|
|Australia's high-net-worth population slumped in the rankings of a global wealth study as millionaires shifted their portfolio to cash amid share market uncertainty.|
|Myer Foundation and the Australian Government's Clean Energy Finance Corporation are among the early investors in a global manager's new Aussie equities strategy.|
|Mining magnate Andrew Forrest and wife Nicola have donated $655 million to their philanthropic foundation.|
|The Sydney boutique has partnered with an advisory firm to launch a new fund that will invest in Asian credit.|
|Latest research shows Australia lost close to half a trillion dollars in wealth at the end of 2018.|
|L1 Capital's latest UK residential property fund is expecting to raise between $60 million and $70 million as financial planning groups and rich investors hunt opportunities for attractive yields.|
|The private wealth firm with $17 billion in assets under management has hired from JANA and Morningstar as it builds out its investment team.|
|Pinnacle Investment Management has taken a stake in a new boutique set up by former Blue Sky executives, after it withdrew its bid to take over management of the Blue Sky Alternatives Access Fund last year.|
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The chief commercial officer and head of communications and marketing officer at Iress have announced their resignations.
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Commonwealth Bank has ditched its 90-year-old Dollarmites program after the state governments' banning of school banking schemes.
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BT has identified the cause of its $147 billion platform being down for a week, with new chief executive Matt Rady making assurances for the future.
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The life insurer appointed a general manager, product and proposition, hiring from MetLife.
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