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Financial Planning

Green light for Tower Australian Wealth Management spinoff

AAP  |  FRIDAY, 4 FEB 2005
The High Court of New Zealand yesterday gave final orders approving the arrangement plan for the separation of Tower Ltd's Australian Wealth Management businesses, as detailed in the scheme book, which was put to and approved by the company's shareholders ...

QSuper expands investment options for members

The $14 billion QSuper fund will be offering more than 420,000 of its members, eight investment options. Members can now choose to invest in fixed interest, Australian shares, international shares and socially responsible investment alternatives.

Investor Group buys Adelaide boutique practice

Listed financial planning firm Investor Group (IGP) will purchase boutique planning outfit Financial Management Services (FMS) for $1.8 million and integrate it with its Adelaide practice, Prescott Consultants.

Former financial adviser guilty of 18 criminal charges

Former financial adviser John Higgins has pleaded guilty to 15 counts of fraudulently misappropriating clients' funds for his own use under the Crimes Act (NSW), and three counts of dishonest conduct in relation to a financial product or service while ...

7.5% of super assets likely to move due to choice

A report released by the Association of Superannuation Funds of Australia (ASFA) has estimated 7.5 per cent of superannuation assets are set to move after the introduction of the choice of fund legislation.

Fidelity targets retail market with two new funds

Fidelity Investments Australia has launched a global and domestic equity fund targeted at financial planners.

AFSLs growing in number

ASIC has revealed the total number of Australian Financial Services Licences (AFSLs) stood at 4,101 after it issued 363 additional AFSLs since March last year.

Mariner sails into wealth management

Mariner has expanded into the boutique market by increasing its stake stake in JAM Development Capital to 47 per cent and re-naming the business Mariner Wealth Management.

Discount Managed Funds crack the $1 million mark

Discount Managed Funds (DMF), the 'do it yourself' online investment intermediary, has had in excess of $1 million of funds invested in the service since its inception in December 2004.

Netwealth enhances product range

Netwealth has improved its investment product range with the addition of five fund managers, the introduction of a new employer sponsored superannuation product, and the offer of more flexible investment strategies and payment options for investors.