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Financial Planning

BT partners to cut platform costs

HAMISH MADDEN  |  TUESDAY, 20 FEB 2007
BT has launched BT Wrap Advantage, a new initiative which will deliver improved services and efficiencies to advisers and participating fund managers and lowers platform costs for the 75,000 users of the $31 billion platform.

Matrix finds its $1b Oasis

Independent financial planning group Matrix Planning Solutions predicts it will grow its funds under management (FUM) by 20 per cent each year under the Oasis platform, having already passed the $1 billion mark this year.

Meet the $9b intangible fund

In a short visit to Sydney, a London based fund manager from Morgan Stanley explained why investors have poured nearly $9 billion (US$7 billion) into a portfolio that values companies based on their 'invisible' assets.

ANZ bids 20 times earnings for E*TRADE

WWW.THESHEET.COM  |  TUESDAY, 20 FEB 2007
ANZ has put its faith in the continuation of the bull market, bidding more than 20 times earnings for the online share broker E*TRADE.

Property 'extreme makeover' a winning formula: FKP

FKP Funds Management, the funds management arm of FKP property group, delivered more than its full year return target in the space of six months by buying into and refurbishing distressed properties.

Index funds basking in the glow of 6,000

With the S&P/ASX300 Index zooming past 6,000 points last week, investors in index funds can look back at another year of exceptional passive returns.

Tyndall beefs up EPiC

NICK OLIVER  |  MONDAY, 19 FEB 2007
Tyndall has released an upgrade to its free interactive web based tool, the Efficient Portfolio Constructor (EPiC).

AXA launches online insurance tool

NICK OLIVER  |  MONDAY, 19 FEB 2007
AXA Australia has launched an online tool to help advisers keep track of their clients' insurance applications.

Challenger Infrastructure Fund upgrades forecasts

NICK OLIVER  |  THURSDAY, 15 FEB 2007
The Challenger Infrastructure Fund (CIF) has announced earnings of $46.4 million (EBITDA) on revenue of $58.2 million for the period to 31 December 2006 and increased its distribution guidance by 11.5 per cent.

DFS fee model a winner

DFS Advisory Services, a planning group spun-off from accounting firm Deloitte five years ago, has adopted a fee-for-service model that is proving a hit with high net worth investors.