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|The Australian Custodial Services Association celebrated excellence in custodial services yesterday, at the 2020 installment of its annual ACSA Awards during the Investment Operations Conference in Sydney.|
|Listed platform Praemium's half yearly results included an update about its UK business and its virtual managed accounts portfolios.|
|Grow Super has signed its first client for its superannuation administration platform which is based on distributed ledger technology.|
|China's Taiping Trustees is not the only group owed money by Sargon and its related companies. There is also a roughly $35 million debt facility from Westpac bank, Financial Standard understands.|
|OneVue Holdings has taken control of a Sargon subsidiary's 19% stake in ASX-listed wealth and advice firm Sequoia Financial Group, as its looks to recoup $31 million.|
|Ernst & Young was this afternoon appointed as administrator for three more Sargon-related companies after the main holding company went into external administration last Wednesday.|
|Philip Kingston's Sargon has been forced into external administration by one if its Chinese creditors.|
|Netwealth is looking to take advantage of growing demand among high net-worth and private wealth investors for sophisticated platform offerings, with plans afoot for the launch of a premium product within months.|
|New technologies such as artificial intelligence, data analytics, blockchain and the internet of things (IoT) are set to radically transform and disrupt markets and economies.|
|HUB24 continues to establish itself as a market leader when it comes to its use of technology, with plans afoot for a new innovation lab to help clients improve their practice management outcomes. It has also restructured some of its operations.|
Early Release of Super payments surged around $7 billion in the first week of July, according to Treasury estimates, but this may not be a reason to panic.
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Funds from IOOF, Vanguard and Fiducian figure among the top-five performers among wholesale funds, in the latest Rainmaker Information tables to May end.
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Pengana Capital's national sales manager for private banking and wealth has left the firm after more than five years, setting his eyes on a new life in sunny Queensland.
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In a new paper from Actuaries Institute, Anthony Asher argues financial advice can be made cheaper if the Australian Taxation Office (ATO) provides some of the data necessary for good advice.
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