JBWere enters UBS alliance
JBWere has entered into a strategic alliance with UBS in a move it claims will strengthen its wealth management capabilities.
The announcement comes at the same time as National Australia Bank announced it would exercise its option to acquire the remaining 19.9 per cent of JBWere from Goldman Sachs.
The JBWere announced said the company was embarking on a new strategy of non-exclusive research and distribution arrangements and that UBS was the first of these agreements.
It said the non-exclusive arrangement would allow JBWere's Australian clients to access UBS's pipeline of equity deals and initial public offerings (IPOs) as well as accessing domestic and international investment research, covering more than 3,000 stocks in Australia, New Zealand and internationally.
Outlining the arrangement, JBWere chief executive, Justin Greiner said he believed the alliance would be good for the company's private wealth clients and would allow them to access a large and diverse range of world-class research and products.
Recommended for you
Sharing his reasoning in joining the FSC board, WT Financial chief executive, Keith Cullen, believes “product and advice cannot be separated” from each other in the current environment.
The Emerge Foundation, a charity run by financial advisers and fund managers, has announced a scholarship program to help veterans transition into tertiary education.
In an open letter, Sequoia chief executive Garry Crole has hit out against shareholders “with a personal axe to grind” as he fights for his job ahead of an EGM.
The JAWG has announced it is in talks with Treasury around five “core principles” to strengthen the education standards for new entrants to the financial advice space.
