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|Socially mindful and environmentally conscious millennials are driving a shift in how the ultra-wealthy manage their money as family offices set to ramp up allocation towards impact investing, according to latest research.|
|Australian private and family business owners are about twice as likely to sell than hand over the reins to the next generation when compared to the global average, a report by PwC Australia found.|
|High-net-worth individuals could soon turn to Apple, Google, Amazon and Facebook for wealth management needs according to latest research from Capgemini.|
|An IOOF subsidiary entered into a historic partnership with one of the world's leading global private foundations, which has been in operation for more than a century.|
|Asia-Pacific family offices have recorded strong performance off the back of developed-market equities and private equity, according to latest research.|
|Citi will treble its Australian wealth management business by 2020, announcing plans to rapidly expand its client base and increase staff by more than 100 over the next three years.|
|A prominent Australian family office entered into a placement with an ASX-listed asset manager, bringing its total investment to $55 million.|
|Australian and US sophisticated investors partnered to acquire a suite of large-scale multifamily real estate assets in the US.|
|Two prominent Australian family office businesses have signed a conditional heads of agreement to combine operations.|
|Client feedback at boutique property fund manager Forza Capital suggests high-net-worth investors believe commercial property assets are fully priced.|
Sargon Capital's liquidators are looking for extra funding to dig deeper into the company's transactions, potential claims and the possibility of a dividend payment to creditors.
iShares today listed two exchange traded funds on the ASX that invest in Australian corporate bonds.
A survey of 110 pension funds, endowments, foundations, sovereign wealth funds and insurance companies worldwide has revealed the new priority position ESG is taking in asset allocation.
Investec has established a postgraduate research scholarship with the University of Sydney Business School; in a move that it says will benefit the future finance workforce in Australia.
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