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Financial Planning

Adviser goes to jail for $1.5m fraud

RUTH LIEW  |  THURSDAY, 29 MAY 2008
Perth-based financial adviser Antonio Pisano of Maddington, was yesterday sentenced to four years and eight months imprisonment following an investigation by the Australian Securities and Investments Commission (ASIC).

Global equities to bounce 15pct

MICHAEL HOBBS  |  THURSDAY, 29 MAY 2008
Global equities could increase by 15 per cent in the next six months thanks to the US Federal Reserve's ongoing actions to stimulate its domestic economy, according to Falkiner Global Investors.

Perpetual to review cost base

MICHAEL HOBBS  |  WEDNESDAY, 28 MAY 2008
Perpetual is reviewing its cost base, particularly its employee costs, after the firm posted a drop in funds across its advice and investment arms.

ING IM funds high on cash

MICHAEL HOBBS  |  WEDNESDAY, 28 MAY 2008
ING Investment Management is at its "most defensive" preferring to hold nearly a fifth of its allocation in its Managed Growth Super fund and across its fixed income strategies in cash.

ABN Amro Asset Mgmt to join Fortis

MICHAEL HOBBS  |  TUESDAY, 27 MAY 2008
ABN AMRO Asset Management (Australia) has severed ties with ABN AMRO Group and will merge with global fund manager Fortis Investments.

Mercer Wealth on adviser recruitment spree

MICHAEL HOBBS  |  TUESDAY, 27 MAY 2008
Huge volumes of financial advice-related phone calls, numbering more than 1,500 a day, spurred Mercer Wealth Solutions (Mercer) to expand its planning network to include self-employed financial advisers.

BT and Asgard to lead platform market

RUTH LIEW  |  TUESDAY, 27 MAY 2008
Nearly one third of all Australian financial planners will call the combined BT/Asgard their primary platform should the Westpac and St.George merger come to fruition.

EQT and Trust end merger talks

MICHAEL HOBBS  |  MONDAY, 26 MAY 2008
Equity Trustees has ended preliminary merger discussions with Trust Company after the firms could not agree to terms that are attractive enough for shareholders.

Nicholas Applegate ramps up global strategies

RUTH LIEW  |  MONDAY, 26 MAY 2008
US-based investment firm Nicholas-Applegate is banking on its global select, global equity and emerging markets strategies to lure business from Australian clients.

Online insurance lost in cyberspace

RUTH LIEW  |  MONDAY, 26 MAY 2008
Australians shopping for insurance online can save up to ten per cent more than buying them through conventional means - but the online revolution seems to be slow on the uptake, a new survey shows.