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WEALTH MANAGEMENT BUSINESS
People & Products
Fiducian Portfolio Services (FPS) has unveiled its new head of wealth management, former St George Bank staffer Mark Schroeder, who joins this week with a mandate of impr...
People & Products
Tower has announced Bridges Financial Services managing director David Bleakley will step down and leave the group early in the new year after three years at the helm of ...
Financial planning
AMP has confirmed that it is willing to review its investment platform strategy as part of a bid to rejuvenate its wealth management business under new chief executive An...
Editorial
National Australia Bank today recorded the highest ever net profit for an Australian bank following its announcement of a $3.96 billion net profit after significant items...
People & Products
Former Westpac head of financial planning and advice Brett Himbury has made the move to the Commonwealth Bank (CBA), being appointed yesterday to the role of executive ge...
Financial planning
Disadvantaged investors are not bound by yesterday’s undertaking to industry regulators by the National Australia Bank to pay $67.2 million in compensation following prod...
Funds management
Suncorp Metway’s wealth management business, with a 29.3 per cent decline in profit, has tarnished what is otherwise an impressive year’s performance for the 12 months en...
Funds management
AXA Asia Pacific Holdings (AXA APH), with profit of $287 million, has more than doubled its performance for the six months ending June in comparison to last year’s $134 m...
Editorial
The Commonwealth Bank has posted a net profit after tax of $2.012 billion, a drop of 24 per cent from last year, with funds management doing little to boost the bank’s re...
Financial planning
The ANZ Banking Group will roll out its own version of ING’s OneAnswer to its 320 bank based financial advisers....
Financial planning
Westpac and BT have appointed Scott Walters in the newly redefined role of head of financial planning, replacing Brett Himbury who left Westpac last month....
Financial planning
The ANZ Banking Group could be making the move from the BT Wrap to ING MyWrap for its Private Clients division, according to the ING group....
Financial planning
Hartleys Limited will unveil a writedown of at least $21 million for the financial year ending today due to costs associated with the restructure of the group, and has ap...
People & Products
Deutsche Bank Australia has appointed former Invesco Australia chief executive officer Michael Parsons as managing director and head of its private wealth management busi...
Editorial
National Australia Bank (NAB) has reported a $205 million write-down of its $6.5 billion wealth management business due to the continued lacklustre performance of global...
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MARKET INSIGHTS
Podcast
So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...