Ben Abbott

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Funds management

12 November 2003

The wealth management divisions of major banks languished over the 2002/03 financial year, with total earnings excluding appraisal adjustments increasing by a total of on...

Financial planning

11 November 2003

Colonial rejigs agency offer to Matrix Planning

Colonial Group is redrafting a proposed new agency agreement with Sydney-based dealer group Matrix Planning Solutions following the latter raising concerns that the new a...

Financial planning

11 November 2003

ASIC gives Zurich seal of FSRA approval

Zurich Financial Services Australia (ZSFA) has been issued the last of its eight Australian Financial Services Licences by the Australian Securities and Investments Commi...

Financial planning

11 November 2003

ASIC bans adviser for five years

An adviser from Darling Point, New South Wales, has been banned from representing a securities dealer or investment adviser for five years after his company breached cond...

Financial planning

10 November 2003

Count flags strong growth over next year

Count Financial expects to post an operating profit of $10 million for the 2003/04 financial year in line with its 30 per cent per annum growth over the past five years....

Financial planning

9 November 2003

Tynan to focus on exiting advisers

Financial planning group Tynan Mackenzie has embarked on an acquisition trail, primarily targeting adviser practices intent on exiting the industry due to the increased c...

Financial planning

9 November 2003

Contrarian value fund launched on ASX

Boutique fund manager MMC Asset Management and HGL Limited have joined forces to launch a listed investment company seeking to avoid the “herd mentality” of some fund man...

Financial planning

6 November 2003

Morningstar first to downgrade BT over Putnam

Research house Morningstar has downgraded BT Funds Management’s international equities capability following the much-publicised scandal involving its US-based management ...

Financial planning

5 November 2003

FICS returns serve against criticism

The Financial Industry Complaints Service (FICS) has hit back following heavy criticism levelled at it by some members last week over its complaint handling procedures, l...

Financial planning

5 November 2003

ASX moves to alleviate adviser confusion

The Australian Stock Exchange (ASX) has moved to shore up what it perceives as a gap in knowledge standards available for financial planners who provide advice on listed ...