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Financial Planning

ADPIA applauds abolition of NSW vendor tax

The Australian Direct Property Investment Association (ADPIA) has welcomed the NSW Government's decision to scrap the vendor tax believing the move will stimulate further investment in property syndicates.

MacarthurCook to raise $51.7 million in equity

MacarthurCook Fund Management has decided to raise up to $51.69 million for the MacarthurCook Property Securities Fund by way of a non-renounceable rights issue and public offer.

ASIC winds up managed investment scheme

The Australian Securities and Investments Commission (ASIC) has moved to wind a managed investment scheme operated by South Australian man Guiseppe Mercorella.

Macquarie sells stake in Malaysian funds management

Macquarie Funds Management has sold a 30 per cent stake in a Malaysian joint venture with AmMerchant Bank Berhad (AMMB).

Australia performs strongly in Asian market private equity investment

Australian companies garnered the largest share of private equity investments in the Asian Pacific (ex Japan) region during the first two quarters of the year according to the latest Thomson Financial private equity report.

Macquarie launches new dealer group

Lachlan Wealth Management has opened its doors for business as Macquarie Wealth Management's new dealer group.

IWL set to finalise JDV acquisition

AAP  |  MONDAY, 8 AUG 2005
Financial group IWL Ltd is set to win its long running bid for online broker JDV Ltd after the last remaining key shareholder agreed to sell its stake on Friday.

New buy and sell site for adviser practices

Financial planners will now have access to a new website which offers the opportunity to buy and sell practices or find new employment.

High yield investment scheme operator facing charges

The Australian Securities and Investments Commission (ASIC) has brought seven charges against Shane Hoy, the operator of a high yield investment scheme, in the Brisbane Magistrates Court.

Russell appoints boutique manager for its aggressive share line up

Russell has appointed boutique manager Quest Asset Partners (Quest) to manage $35 million for its Australian shares aggressive fund replacing Portfolio Partners.