ASX

Financial planning

Tower courts advisers as spin off gets green light

Shareholders of New Zealand based Tower Limited have “overwhelmingly” backed the move to spin off the firm’s Australian Wealth Management businesses and enter an underwri...

Funds management

Macquarie to list new private equity arm

Macquarie Funds Management today launched a new private equity arm which it intends to list on the Australian Stock Exchange, providing investors with exposure to unliste...

Financial planning

AXA performance justifies takeover snub

AXA Asia Pacific is continuing to set new share price highs today on the back of yesterday’s announcement that fund flows and new life business grew strongly for the 12 m...

Financial planning

DKN urges small shareholders to sell

Listed financial services and planning group DKN Financial has asked shareholders with a small holding in the company to sell their stake in attempt to save on administra...

Financial planning

It’s a stock picker’s 2005

Good stockpicking will be more obviously rewarded in 2005 than it was during the blanket gains of the Australian equity market this year, according to Tyndall Investment ...

Financial planning

Listed managed investments continue to grow

Listed managed investments came of age in 2004, with the Australian Stock Exchange reporting 24 new listings and 44 per cent growth in LMI trading during the year....

Financial planning

Alternatives forecast to shine in 2005

Australian investment managers are predicting a jump in demand for alternative investments in 2005 as investors go in search of opportunities in a slowing equities market...

Financial planning

Tower spin-off fuels Bridges CEO departure

Tower-owned advice firm Bridges Financial Services has lost its chief executive Chris Wren following an executive make-over of the Trans-Tasman firm’s wealth management a...

Financial planning

Navigator finds new share direction

Aviva-owned platform provider Navigator has added direct shares to its investment platform in an attempt to tap into the increasing popularity of direct investing amongst...

Editorial

Observer: Investors could be taking the wrong option

Retail investors are diving into option trading, writes Dominic McCormick. But will they be out of their depth when markets take a plunge?...

Financial planning

IWL takes an interest in Rivkin

Rivkin Financial Services may have a saviour in sight with IWL shelling out more than $2.5million to take a 10 per cent stake in the embattled group founded by disgraced ...

Financial planning

MFS seeks ‘back-door’ listing

Boutique fund manager MFS Group is set to list on the Australian Stock Exchange via a ‘back-door’ listing after announcing plans to merge with a publicly floated investme...

Financial planning

Tribeca chalks up seventh acquisition

Financial services education provider Tribeca Learning has bought tax training supplier Webb Martin to bring its total acquisitions to seven over the past four years....

Financial planning

Harts exec pleads guilty to insider trading

Former executive director of Harts Australasia, Maxwell John Sweetman, pleaded guilty yesterday in the Brisbane District Court to insider trading following an investigati...

Financial planning

Investor appetite for shares grows

Investors are more inclined to invest new savings in shares and managed funds than they were a year ago, according the latest ING/Melbourne Institute Household Savings an...