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06 November,2020 |
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Latest News |
Money Management Original | Is AMP about to lose its mantle as largest adviser group? | With AMP Financial Planning’s ongoing loss of advisers, its lead over the second largest financial planning group by adviser numbers has dropped to 70 from over 200 adviser roles since the start of the year. |
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Money Management Original | AMP flags significant advice strategy update | Having moved to outsource paraplanning and expanded its life/risk approved product list, AMP is flagging a significant advice strategy update next week. |
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Industry News | Ord Minnett acquires E.L&C. Baillieu | Ord Minnett, which exited IOOF in 2019, has announced it has entered into an agreement to acquire 100% of wealth management firm E.L&C. Baillieu |
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Money Management Original | US election outcome upholds ‘status quo’ | Grosvenor Capital Management will continue doing what they’re doing in terms of tax policy and investments regardless of who wins the US presidential election. |
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Industry News | Ares launches second credit fund | The fund will invest in a diversified portfolio of liquid and illiquid asset classes and its initial offering will be from 16 November to 4 December. |
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Industry News | Platypus appoints ESG head | Kristen Le Mesurier will be the new head of environmental, social and corporate governance and engagement for the asset manager. |
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Industry News | Former financial adviser convicted for dishonest conduct | In the first criminal prosecution for offending of this kind, Mark Kawecki has been convicted and fined $30,000 for dishonest conduct relating to artificially satisfying rules for companies applying to the ASX. |
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Industry News | Janus appoints global head of ESG | Paul LaCoursiere has been appointed global head of environmental, social and governance investments, starting from next year. |
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Industry News | NAB profit down 46.7% | Fee waivers provided due to the COVID-19 pandemic, reduced transaction volumes due to the pandemic, along with increased expenses and credit impairment charges contributed to the bank’s hit in profit. |
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Outsiders |
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Money Management Original | Bountiful experiences as first mate takes the helm | At the time of writing, Australian Securities and Investments Commission chair, James Shipton remains stood aside awaiting a Treasury-instigated independent review of the six-figure sum paid by taxpayers to cover his tax advice. |
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Money Management Original | Getting to the bottom of illicit habits | Outsider knows that there are those who believe that some inhabitants of Sydney’s so-called big end of town occasionally indulge in illicit substances reflective of their large incomes but, let’s face it, the big end of town has been pretty much empty since March. |
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