AMP Limited reports third quarter cashflows, AUM and Australian wealth protection update
AMP Limited today reported cashflows and assets under management (AUM) and an update on its Australian wealth protection business for the third quarter to 30 September 2014. AMP Chief Executive Craig Meller said: “This continues our solid momentum across the business. Our current range of products are performing well, the focus on Asia continues to
October 26, 2014
Australian Unity launches new property trust
Australian Unity Investments has launched the Australian Unity Rockdale Property Trust, which owns a modern retail building in south Sydney at 395 West Botany St, Rockdale. The property is currently leased to Fitness First Australia and Repco. There is also a lease on an adjoining car park to provide 123 parking spaces across the site
October 26, 2014
CRC chair says ‘my licensee made me do it’ is no excuse for unethical behaviour
Horse racing in Victoria and travel agents across the country have more in common with financial planning than might be immediately obvious. Central to the similarities is a code of professional conduct, and a robust mechanism to enforce that code. But they also share the skills and expertise of Dr June Smith, who last week
October 24, 2014
CBA managers, paraplanners subject to new FinWiz and Count education standards
Commonwealth Bank yesterday announced financial adviser education standards across its Count Financial and Financial Wisdom authorised representatives, according to the bank’s head of wealth management. These will also be applied across the division’s non-planner staff, including managers, paraplanners and support staff, says Marianne Perkovic, executive general manager, Wealth Management Advice. According to Perkovic, this is
October 24, 2014
Providing financial planning along with a good bedside manner
Establishing an office across the road from a major Queensland hospital was a strategic move for Brisbane-based practice Complete Financial Balance. A focus on advising clients in the medical sector is a core difference of the business, which was the inaugural winner of the Practice of the Year award at the Association of Financial Adviser’s
October 24, 2014
Liquidity risk is manageable and can offer opportunities: AllianceBernstein
Liquidity risk—or the danger that investors will be unable to trade in securities at the time and price of their choosing—has become a much greater challenge for investors, and could hurt bond investors in particular as interest rates rise, global asset manager AllianceBernstein said today. According to Douglas J. Peebles, Chief Investment Officer and Head
October 24, 2014
AMP Capital wins concentrated equities mandate worth A$175 million
AMP Capital has won a A$175 million mandate from Nikko Asset Management Australia to manage a concentrated equity portfolio on behalf of its multi-manager team. The mandate is managed by AMP Capital’s Co-Head of Australian Fundamental Equities, Gian Pandit, and is a tailored investment solution based on the highly successful concentrated equity strategy run by
October 24, 2014
Australian market stuck in the mud
While the Australian market is going through some tough times at the moment, there is no clear catalyst for that to change according to Paul Moore, Chief Investment Officer and founder of boutique fund manager, PM CAPITAL. “The September quarter showed that the market status has come to an end, and that going forward the
October 24, 2014
New FPA chair focuses on quality of advice, personal commitment to professionalism
Neil Kendall has been a board member of the Financial Planning Association for four years, so he expects his transition to the position of chair will be about as seamless as such a transition can be. Kendall formally succeeds Matthew Rowe when Rowe’s term expires at the FPA Congress in Adelaide on November 19. Under
October 22, 2014
van Eyk liquidation puts spotlight on quality of research and structure of providers
Creditors of research group van Eyk Research voted yesterday to liquidate the business, again putting the spotlight on how investment research in Australia is conducted, how it is funded, and how research businesses are structured. The provision of high quality research is fundamental to the role that financial planners play in creating effective and robust
October 22, 2014
The little-known rule with huge implications for self-managed super funds
Imagine a self-managed super fund (SMSF) trustee that signs a pension agreement with a member stating that the trustee will start paying a pension to the member now and that later, when the member dies, the pension will automatically continue to be paid (that is, revert) to the member’s spouse. The trustee makes resolutions
October 22, 2014
Praemium wins inaugural Lonsec SMA Platform award
Praemium is pleased to announce that its SMA platform has been selected as the SMA Platform Winner of this year’s inaugural Lonsec Awards held on Tuesday 14 October. Presented by Lonsec and SuperRatings, the inaugural Lonsec Awards used a mix of qualitative and quantitative measures to identify high achieving funds managers and investment products that
October 21, 2014
