WEALTH MANAGEMENT
Funds management
St George Group today appointed Nick Basile to the new position of head of investments and insurance in an attempt to drive the group’s wealth management division forward...
People & Products
BT Funds Management has today appointed US based Putnam Investments to manage its $5 billion international share portfolio....
Financial planning
SOME of Australia’s leading master trust and wrap researchers have given their qualified endorsement to Westpac’s acquisition of the BT Wrap as part of its buyout of the ...
Financial planning
The Westpac Bank’s group executive of wealth management, David Clarke, has given the Count Financial group his assurance he will not attempt to poach any Count clients in...
Financial planning
AXA’s latest results for the six months to the end of June this year show a 5 per cent improvement on the corresponding period last year, with an after-tax profit of $130...
People & Products
The Westpac Bank has confirmed today that it will pay $900 million to buy the BT Financial Group from its US parent, the Principal Financial Group, in a move that will se...
Funds management
The Westpac Bank has agreed to pay $36 million to buy a 51 per cent stake in specialist alternative asset manager, Hastings Funds Management....
Financial planning
Tower Limited group chief operating executive Ken Boag will leave the group at the end of next week after the announcement last week that the group’s wealth management an...
Financial planning
Western Australian credit unions, State West and Health Credit, will merge their financial planning arms as part of a wider merger of the two groups....
Funds management
The funds management and banking sectors have been in an acquisition frenzy during the past two years, fulfilling the industry prophecy of rationalisation. FIONA MOORE ta...
Financial planning
MLC has dedicated 150 of its staff to formulate the design of a project to utilise the $200 million committed to the group’s wealth management operations by National Aust...
Financial planning
HISTORY does not repeat itself. Business cycles, market trends and business opportunities, if missed 10 years ago, do not represent themselves for a second bite of the ch...
Financial planning
The Tower group has announced it will make a strategic exit from the life insurance market in China in order to concentrate on its Australian wealth management operations...
Financial planning
Eighty-four per cent of Australians earning over $50,000 per year do not have a formal investment plan for the future, with 50 per cent relying on financial media and soc...
Funds management
The National Australia Bank (NAB) delivered its six month results to March 31, 2002 yesterday, reporting a net profit from core operations of $2,156 million, up by 15 per...
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Podcast
The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...
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...