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WEALTH MANAGEMENT DIVISION
Editorial
St George Bank’s Wealth Management division accounted for 12 per cent of the bank’s record interim profit of $568 million, with managed funds growing to $44.3 billion for...
Funds management
St George Bank has announced what it describes as an “organisational realignment”, which will see the creation of a new retail bank and wealth management division....
Editorial
A 28.6 per cent increase in net profit generated by its wealth management arm has helped drive Queensland-based Suncorp to a 16.1 per cent increase in net profit for the ...
Funds management
NAB has found itself running against profit trends, with its wealth management division failing to deliver a significant increase in earnings to contribute to the bank’s ...
Editorial
A 5 per cent increase in first quarter funds under management by Perpetual Investments has encouraged the group to forecast a 10 per cent increase in interim after-tax op...
Financial planning
Wealth management made a significant contribution to a record $1 billion profit posted by Queensland-based Suncorp today....
Editorial
Strong performance of equities funds and growth in the wealth management division has offset costs relating to legacy issues for Perpetual Investments, and led the compan...
Editorial
Strong growth in funds under management in the six months to December 31 last year has helped Perpetual to a net interim profit after tax of $73.5 million, a 13 per cent ...
Editorial
A solid contribution from its wealth management division has helped the Bendigo Bank to a rise in profits of more than $10 million....
Editorial
The acquisition of Associated Planners Financial Services and its integration with Garrisons Financial Planning to form Genesys has immediately benefited Challenger, with...
Financial planning
Perpetual Trustees has been given the green light by Irish authorities to kick off its new Dublin-based global equities business, with the go-ahead coinciding with today’...
Financial planning
Perpetual Trustees has appointed a new head for its $5.5 billion Private Clients business....
Funds management
AXA is preparing to boost the property related products it has on offer for advisers with both a domestic and international property fund in the pipeline at the group....
Financial planning
Tower’s decision to opt for a float of its wealth management arm instead of a trade sale was driven in part by a legacy agreement between its dealer group, Bridges Financ...
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...
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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?...