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Financial Planning

Russell adds Plato

MICHAEL HOBBS  |  WEDNESDAY, 16 JAN 2008
Plato Investment Group's 130/30 Australian Share Fund has been granted a 15 per cent weighting on Russell Investment Group Australian Opportunities Fund.

BRIC sector splits SRI managers

MICHAEL HOBBS  |  WEDNESDAY, 16 JAN 2008
Ethical and socially responsible investments (SRI) fund managers have conflicting policies on how they invest in BRIC (Brazil, Russia, India and China) markets, leading to inconsistent returns for SRI investors.

Centro appoints new head

Troubled property group Centro Properties turns a new leaf when it appointed a new chief executive today to replace current head Andrew Scott.

Super advice for $199

MICHAEL HOBBS  |  TUESDAY, 15 JAN 2008
Westpac throws a fresh challenge to the industry on making advice affordable after it introduced a low cost superannuation advice service this month.

City Pacific to buy MFS

MICHAEL HOBBS  |  TUESDAY, 15 JAN 2008
Financial services provider, City Pacific has placed a $1.33 billion offer for funds management and advisory provider, MFS Limited.

Avanteos starts year with rebate resolutions

MICHAEL HOBBS  |  TUESDAY, 15 JAN 2008
Leading fund managers including ING, Colonial First State and Perpetual, and individual investors are set to benefit from new rebate and reporting initiatives from Commonwealth Bank-owned platform, Avanteos.

CMC poses new threat in online broking

RUTH LIEW  |  MONDAY, 14 JAN 2008
Australia's largest CFD provider, CMC Markets, has completed negotiations to acquire non-advisory stockbroking group, Andrew West Stockbrokers (AWS), in the next step of its expansion phase - creating a new player in the non-bank broking industry.

Russell rejigs international funds

MICHAEL HOBBS  |  MONDAY, 14 JAN 2008
Russell Investment Group has reorganised its international equities exposure, replacing Jacobs Levy and Altrinsic with ClariVest Asset Management and adding Harris Associates to its list of fund managers.

ING PEAL pledges $10m to Wolseley

RUTH LIEW  |  MONDAY, 14 JAN 2008
ING Private Equity Access Limited (ING PEAL) has committed $10 million to Wolseley Partners' next private equity fund, which is aimed at the mid-sized deal space of the sector.

Welcome to 2008

Financial Standard wishes all our readers a happy and prosperous new year for 2008 and we look forward to working with you again starting 14th January when we open our online news service for the year.