From the Source

Ariel Investments open Sydney office

U.S.-based funds management firm Ariel Investments announced yesterday its expansion into the Asia-Pacific region with its first offshore office to be established in Sydney. The firm has appointed Australian institutional investment veteran Ian M. Webber to lead its growing presence across the region. Ariel Investments specialises in managing all-cap global and international equity portfolios, as well […]

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Zurich boosts its strategic accounts team, reflecting its commitment to important dealer group relationships

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Zurich Financial Services Australia (Zurich) is pleased to announce two significant appointments to its retail life risk Strategic Accounts team, strengthening the resources and breadth of talent dedicated to managing key relationships with dealer group partners. Mr. Kevin Canning will lead the team as National Strategic Account Manager, and Mr. Nathan Taggart has also been […]

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Boutique advice firm jumps from Platform to MDA

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Melbourne-based accounting and financial planning firm MEDIQ Financial Services has launched a new managed discretionary account solution, in a move that will boost backoffice efficiency, improve the client experience and lower administration costs. The practice, which is licenced by independently-owned dealer group Synchron and has a specialist focus on doctors and other medical professionals, road-tested […]

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Blue Sky raises $20 million for its listed investment company

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Blue Sky Alternatives Access Fund Limited  has successfully completed a $20 million capital raise through a one for three non-renounceable entitlement offer. The funds raised will be used to build on the listed investment company’s actively managed portfolio of alternative assets across private equity and venture capital, water and agriculture, hedge funds and private real […]

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Bennelong and Quay launch joint initiative

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Bennelong Funds Management (Bennelong) is pleased to announce a new addition to its stable of boutiques: Quay Global Investors (Quay), a joint initiative between Quay’s principals Justin Blaess and Chris Bedingfield, and Bennelong. Quay Global Investors has been successfully operating as Quay Real Estate Advisors since 2013, with a focus on preserving and creating wealth […]

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NAB Wealth appoints independent Customer Advocate

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National Australia Bank (NAB) yesterday announced Professor Dimity Kingsford Smith, Professor of Law, University of NSW, as independent Customer Advocate for its wealth advice complaints process, effective immediately. The Customer Advocate role has been established following NAB Wealth’s commitment to improve and build independence into its advice complaints process. The Customer Advocate will have the authority […]

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Peters MacGregor Capital Management’s Global Equity Fund joins retail platforms BT Wrap & Asgard

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The Peters MacGregor Global Equity Fund, one of Australia’s longest running global equity funds, has been added to the BT Wrap and Asgard platforms. The Fund provides clients with investments in up to 25 global companies that meet Peters MacGregor’s strict investment criteria of great companies with great management purchased at great prices. Wayne Peters, […]

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AMP Capital fund successfully completes final asset sale

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AMP Capital yesterday confirmed it has sold the last asset in the AMP Capital Property Income fund (PIF), the Yass Highway Service Centre, for circa $23 million. The fund had a ten-year fixed term and at its peak owned 42 properties throughout Australia. In consultation with investors, the properties have been progressively sold and capital returned […]

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AMP Capital CEO to retire after 20 years service

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AMP Capital CEO Stephen Dunne has announced that he will retire from AMP Capital later in the year, after 12 years as Chief Executive Officer of the diversified investment manager. AMP Chief Executive Officer Craig Meller acknowledged Stephen’s substantial contribution to the company since joining AMP in 1994. “Stephen has led AMP Capital through a […]

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GPS Wealth white label speeds to market with HUB24

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HUB24 and GPS Wealth have launched a new white label platform for the independently owned national licensee, within weeks of agreeing to work together. GPS Wealth’s new platform, branded CAREportfolio, spans super, pension and investments, and provides a complete managed account and wrap offering for all its member firms. GPS Wealth Managing Director, Grahame Evans, […]

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