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Financial Planning

Premium outlines growth strategy

MICHAEL HOBBS  |  WEDNESDAY, 21 MAY 2008
Premium Wealth Management is creating a mortgage and risk insurance business, boosting its paraplanner support services and accelerating its recruitment strategy.

Avanteos offers defensive options

RUTH LIEW  |  WEDNESDAY, 21 MAY 2008
Avanteos has ramped up its platform features by adding term deposits to its existing range of defensive investments.

AUI and Wingate form JV

RUTH LIEW  |  WEDNESDAY, 21 MAY 2008
Australian Unity Investments (AUI) and Melbourne-based private investment and advisory firm Wingate Group are embarking on a joint venture to form a boutique international equities fund manager.

Lehman realigns to focus globally

MICHAEL HOBBS  |  WEDNESDAY, 21 MAY 2008
Lehman Brothers has shifted to a global fixed income management strategy forcing them to abandon their Australian focused funds.

BankWest's recruitment drive on track

MICHAEL HOBBS  |  WEDNESDAY, 21 MAY 2008
BankWest's financial planning business has recruited 27 financial planners since its inception in December last year and is on schedule to have a financial planner in each branch, according to Mark Reid, BankWest head of retail.

Macquarie posts 23pct profit hike

MICHAEL HOBBS  |  TUESDAY, 20 MAY 2008
Macquarie Group has reported a 23 per cent rise in net profit after tax to $1.8 billion on the previous year, buoyed by strong returns from its investment banking deals and equity-related businesses in Asia-Pacific and Europe.

Australians wary of advice commissions

RUTH LIEW  |  TUESDAY, 20 MAY 2008
Nearly two thirds of Australians believe the adviser sales commission system compromises financial advice, according to a Newspoll survey.

Investment Trends names top SMAs

RUTH LIEW  |  TUESDAY, 20 MAY 2008
BlackRock, MLC and Tricom are among the top separately managed account (SMA) players according to a new Investment Trends report.

Spiers heads BT advice business

RUTH LIEW  |  TUESDAY, 20 MAY 2008
BT Financial Group has appointed Mark Spiers, chief executive of Magnitude financial planning - BT's external financial planning arm - to general manager, advice, for the Westpac/BT Financial Group.

Share performance gap widens after tax

MICHAEL HOBBS  |  TUESDAY, 20 MAY 2008
There are more reasons why investors should put their savings in a super fund after a new report found a substantial difference between the returns of funds taxed within super and under a personal tax rate.