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WEALTH MANAGEMENT BUSINESS
Financial planning
ANZ chief executive John McFarlane has played down speculation he will expand the bank’s wealth management business through acquisitions in the near future, while announc...
Financial planning
Suncorp has signalled it expects to post a 13 per cent increase in pre-tax profit for its wealth management business for the six months to December 2004 and has upgraded ...
Financial planning
The National Australia Bank’s wealth management business, MLC Australia, today announced a series of new appointments as part of the bank’s ongoing reorganisation of its ...
Financial planning
St George Bank-owned Ascalon Capital Managers has acquired an equity stake of up to 46 per cent in Alleron Investment Management, to bring the number of boutique fund man...
Funds management
Building societies and credit unions continue to enjoy strong growth and high profitability, despite operating in a cooling market, with KPMG suggesting wealth management...
Financial planning
National Australia Bank, despite reporting a healthy operating profit for its wealth management business, has ended an otherwise tough year on a bad note after today repo...
Financial planning
Tower’s wealth management business could separately list on the Australian Stock Exchange (ASX) as early as December, pending the outcome of a review of the proposed spli...
Financial planning
Challenger Financial Service Group has hit back at industry suggestion it is paying over the odds for adviser firm Associated Planners Financial Services....
People & Products
Tower Australia-owned risk advice dealer Pivotal Financial Services has a new head following former head of financial planning at Trust Company, Steve Murray, joining the...
Financial planning
From write-downs to shedding staff, it has been a tough couple of years for Tower, but as Ross Kelly reports, things are looking up....
People & Products
BT Financial Group has formally appointed the interim head of its financial planning and advice business, Justin Greiner, permanently into the role four months after he t...
People & Products
Challenger Financial Services Group chief executive officer Chris Cuffe will step down as head of the group in August to take over responsibility for developing its wealt...
Editorial
Suncorp’s wealth management business is unlikely to match its buoyed half yearly profits but chief executive John Mulcahy is projecting an increase in underlying profit o...
Financial planning
AMP is confident of a reversal of fortune following last year’s $5.5 billion loss, announcing today a renewed commitment to regional wealth management and flagging allian...
Financial planning
Tower Australia has restructured its chief sales role by dividing the risk and wealth management aspects of the position in a move resulting in the departure of Tower hea...
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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?...