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Investment

Wilson staff shared information while sign on bonus was discussed

BEN COLLINS  |  WEDNESDAY, 29 AUG 2012
Lawyers representing Wilson HTM in legal action against fellow broker Ord Minnett have said that a former senior Wilson employee provided Ord Minnett with commission statements and contact details of advisers, at the same time he was negotiating a sign ...

GBST Quant and Russell alliance to foster tax-aware investing

MARK STORY  |  WEDNESDAY, 29 AUG 2012
Technology solutions provider GBST announced today that its GBST Quant capabilities will provide customised after-tax benchmarking for the new Russell After-Tax Survey, due to launch late August.

AMP North nudges $3 billion in AUM

LINDA HAUSKEN  |  WEDNESDAY, 29 AUG 2012
AMP's North platform has posted a solid $639 million of net cash flows in the first half of 2012, with 91% of the net cash flows being in non-guaranteed products.

Zurich's restructure sees 11 depart

MELANIE TIMBRELL  |  WEDNESDAY, 29 AUG 2012
Zurich's new three-year strategy focused on growth in the risk and investments business has seen 11 roles cut and five added as the financial services provider shifts its focus to the institutional and dealer group level.

Ord Minnett conspired to take us over: Wilson HTM notifies court

BEN COLLINS  |  TUESDAY, 28 AUG 2012
Ord Minnett planned to take over fellow broker, Wilson HTM, by paying sign on fees to poach its advisers, said Wilson HTM in the NSW Supreme Court yesterday.

MLC restructures Australian Share Fund

LINDA HAUSKEN  |  TUESDAY, 28 AUG 2012
MLC Investment Management is continuing to enhance its investment strategies and has reduced the number of managers in its Australian Share Fund from eight to three.

Reg compliance with archaic technology unlikely: Bravura

MELANIE TIMBRELL  |  TUESDAY, 28 AUG 2012
The inflexibility of service providers' technology infrastructure will make the challenge of complying with new financial services regulations potentially 'insurmountable', a software administrator has warned.

ASIC warns of hybrid securities risks

LINDA HAUSKEN  |  TUESDAY, 28 AUG 2012
ASIC has flagged warnings about the risks and complexities of hybrid securities, urging consumers to tread carefully and not be blindsided by promises of high yields.

Market down 5%: Resources look ugly

MARK STORY  |  TUESDAY, 28 AUG 2012
At reporting season's three quarter mark last week, defensive stocks surfaced with their best half year of growth since 2009, while cyclicals recorded their worst - despite industrials earnings rising 4%.

Delay FoFA reforms another year: Lawyer

MARK STORY  |  MONDAY, 27 AUG 2012
With critical elements of the ASIC guidance governing FoFA reforms - originally expected in June - still outstanding, Richard Batten, partner with Minter Ellison Lawyers says an extra year's delay would make for infinitely better outcomes.