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Financial Planning

AXA takes care of business

AXA comes to the rescue of financial planners who are time and resources poor after it launched a series of initiatives that can help improve planner profitability, productivity and quality of advice.

SA posts record planner growth

MICHAEL HOBBS  |  FRIDAY, 17 AUG 2007
The number of financial planners recruited in South Australia have risen over the past year eclipsing the growth rate in other states, according to eJobs Financial Planning.

Market uncertainty stalls K2 float

MICHAEL HOBBS  |  FRIDAY, 17 AUG 2007
Top rating fund manager K2 Asset Management has withdrawn its initial public offer (IPO) due to recent market volatility.

CBA plans CommSec Bank

WWW.THESHEET.COM  |  THURSDAY, 16 AUG 2007
Commonwealth Bank is reviewing plans for the transformation of CommSec, its equity and funds brokerage business, into a full service financial institution.

Active fund tax burden costs 4pc of returns

CHRIS NICHOLLS  |  THURSDAY, 16 AUG 2007
The extra tax burden of active investing could cost up to $38,000 for a top marginal tax bracket investor with $500,000 in investments, according to Vanguard research.

Look before you leap

Investors looking to switch fund managers due to the market turmoil should look beyond performance tables and understand the CGT implications of moving their assets, according to finance expert Michael Hutton.

New product drive independence: Cerulli

ALEX DUNNIN  |  WEDNESDAY, 15 AUG 2007
The plethora of new products now available in the investment market means independent and un-tied advice is the preferred model, according to the latest Cerulli US report on the state of their intermediary markets.

Three stars for Japan

Standard & Poor's Fund Services has rated both the Perennial Wholesale Japan trust and the Fidelity Japan fund with three stars.

Gen X-ers choose brokers over banks

Many young people, especially those aged under 35, rated brokers as exerting the most influence on their mortgage choice, according to a new study commissioned by CPA Australia.

Suncorp and Tyndall outline team restructure

The merger of the investment management teams of Suncorp and Tyndall has formed a fund manager ranked the 18th largest in the country, according to Rainmaker, and not surprisingly, the union also heralded major staff changes and fresh appointments.