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WEALTH MANAGEMENT BUSINESS
Financial planning
A 10.7 per cent increase in profit recorded by its financial services division combined with a record insurance margin of 11.7 per cent helped drive Promina Group to a 7....
Financial planning
St George Bank wealth management general manager Geoff Lloyd said the retrenchment of 10 staff from Advance Asset Management yesterday marks the end of the organisation’s...
Editorial
Westpac’s wealth management business represented a key driver for its record $3.071 billion profit announced today....
Financial planning
Challenger Financial Service has appointed AMP Capital Investors’ portfolio manager Alan Sheen as its head investment analyst, effectively its second major signing from A...
Financial planning
Challenger Wealth Management chief executive Chris Cuffe will step down from his role on June 30 this year to pursue interests outside of financial services....
Financial planning
St George’s wealth management business contributed almost 20 per cent more to the group’s profit before tax this year than in 2004, on the back of strong investment marke...
Financial planning
Suncorp’s wealth management business contributed significantly to the group’s $821 million profit for 2005 on the back of strong investment earnings, although the result ...
Funds management
A strong wealth management performance in Australia and New Zealand helped lift AXA’s net profit for the half-year to June 30 by 36 per cent to $246 million....
Financial planning
Trans-Tasman financial services group Tower has announced its managing director, Keith Taylor, will relinquish his role of steering the group later this month to Tower Au...
Financial planning
MLC has finalised a deal giving it 100 per cent ownership of a Hong Kong-based wealth management business for a purchase price of $148 million....
Editorial
Proceeds from the sale of the Australian arm of its wealth management business, a benevolent market climate and the completion of a successful two year recovery strategy ...
Funds management
The financial services division of the Promina group will undergo an internal restructure as it looks to turn a tidy profit into a growth strategy for its adviser network...
Financial planning
Challenger Financial Services Group has confirmed it is in discussions with HSBC to acquire HSBC Asset Management (Australia), as first flagged by Money Management yester...
Funds management
Colonial First State has today split its underperforming funds management arm from the remainder of its wealth management business after a wide-ranging review....
Financial planning
Australian Wealth Management began life positively today with early trading on the Australian Stock Exchange seeing its share price jump 16 per cent before levelling out...
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MARKET INSIGHTS
Podcast
Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...
It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...
So we are now underwriting criminal scams?...