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Financial Planning

Advice that spans three generations

MICHAEL HOBBS  |  THURSDAY, 24 APR 2008
IOOF group has developed a service to help financial planners build a relationship with GenX and GenYers through their baby boomer parents.

Big Day Out for advisers

RUTH LIEW  |  THURSDAY, 24 APR 2008
Advisers returned to their offices armed with a bundle of new ideas and strategies following Tuesday's Advisers Big Day Out (ABDO).

Lift victims may get cash back

RUTH LIEW  |  WEDNESDAY, 23 APR 2008
Investors caught out in Lift Capital's collapse may be compensated up to the full amount of their investments, according to McGrath Nicol, the administrator of the firm.

Concise targets midcaps

RUTH LIEW  |  WEDNESDAY, 23 APR 2008
New player Concise Asset Management has shaken off the residues of the recent share market fallout as it launches the Concise Mid Cap Fund.

Credit Suisse expands private banking

MICHAEL HOBBS  |  WEDNESDAY, 23 APR 2008
Credit Suisse has purchased corporate advisory firm, Hindal, enabling the development of its strategy to provide investment banking, private banking and asset management services to high net worth clients and Australian businesses.

Macq Life amps up FutureWise

RUTH LIEW  |  WEDNESDAY, 23 APR 2008
Macquarie Life has upgraded its FutureWise life insurance product suite, following feedback from and ongoing dialogue with financial advisers using the platform.

Snowball buys Yarra Financial

MICHAEL HOBBS  |  WEDNESDAY, 23 APR 2008
Snowball Group has acquired Yarra Financial Group, which runs a $130 million funds under advice (FUA) financial planning practice and a separate accounting business.

Brookvine and ipac back Prisma

Multi-manager ipac securities has moved approximately $160 million out of BT and into Prisma Capital Partners, a US-based fund of hedge fund represented locally by alternatives consultant Brookvine.

Ernst & Young unites

Ernst & Young will integrate all of its 87 country practices under one umbrella to reflect how businesses have changed from being country-specific to global by nature.

Quattro to distribute HK giant's products

MICHAEL HOBBS  |  TUESDAY, 22 APR 2008
Quattro Asset Management has come to an arrangement with Hong Kong non-bank financial services juggernaut, Sun Hung Kai Financial to distribute the firm's products to Australian investors.