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AFA Learning Pillars shape AFA National Adviser Conference program

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The program for the Association of Financial Advisers (AFA) 2014 National Adviser Conference has been built around the AFA’s four learning pillars of professional development and leadership, which is a cultivation of practitioner-focused content and peer-to-peer learning. AFA’s General Manager of Membership Services and Campus AFA, Nick Hakes, said at a big picture level the […]

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Perpetual delivers strong results and returns in 2014

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Perpetual Limited (Perpetual) has delivered strong results for the 12 months to 30 June 2014 with underlying profit after tax (UPAT) of $104.1 million, up 37%, and statutory net profit after tax (NPAT) of $81.6 million, up 34% on FY13. The Board has determined to pay a fully franked final dividend of 95 cents per […]

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Centrepoint partners with Steadfast Group

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Centrepoint Alliance Premium Funding Pty Ltd (‘Centrepoint’) and Steadfast Group Limited (‘Steadfast’) have announced the appointment of Centrepoint to become a preferred partner and provider of insurance premium funding facilities to the 306 strong Steadfast broker network. Centrepoint has built relationships over a number of years with individual Steadfast Network Brokers, providing local service with a […]

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Credit Specialist extends commercial loan terms to 25 years

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Credit Specialist La Trobe Financial announced that it has extended the loan terms available on commercial lending products to 25 years. This includes La Trobe Financial’s commercial SMSF product. Mr Steve Lawrence, Executive Head of Credit-Commercial Lending at La Trobe Financial stated that “the long term, P&I servicing loan profile is significant in complementing the […]

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AMP reports A$382 million net profit for 1H 14

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AMP Limited has reported a net profit of A$382 million for the half year to 30 June 2014[1], down  3 per cent on A$393 million reported for 1H 13. Underlying profit[2] was A$510 million compared with A$440 million for 1H 13, up 16 per cent half on half, with double digit growth in operating earnings for all […]

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Westpac Institutional Bank appoints Rachel Slade as General Manager, Global Transactional Services

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Westpac has announced the appointment of Rachel Slade to the position of General Manger, Global Transactional Services (GTS). A member of Westpac Institutional Bank’s Executive Team, Ms Slade will oversee global transactional services for Westpac’s corporate and institutional customers. She will also manage all payments networks and corporate cash requirements for corporate customers. Leading the GTS team, she will […]

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Perpetual Investments appoints George Moromalos as Head of Research and Consultant Relationships

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Perpetual Investments yesterday announced it has appointed George Moromalos as Head of Research and Consultant Relationships. Mr Moromalos will join Perpetual Investments on Monday 22 September and moves into the role after seven years at State Street Global Advisors as Vice President, Manager Business Development. As Head of Research and Consultant Relationships, Mr Moromalos will work […]

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AMP lifts adviser education standards and launches customer panel

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AMP has announced it will implement a series of measures across its licensee groups that aim to significantly lift the bar on adviser professionalism and reinforce its existing commitment to stand behind the advice it gives to consumers. AMP Group Executive Advice and Banking Rob Caprioli said AMP, as the largest advice network in Australia, […]

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HUB24 to acquire boutique licensee Paragem

HUB24  is pleased to announce it has executed an agreement to acquire the independently owned financial planning licensee Paragem Pty Ltd (Paragem). Paragem is a leading boutique dealer group, founded by Ian Knox and Charlie Haynes that has grown strongly to license 20 high quality financial advisory practices across Australia, which advise on more than […]

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Nikko Asset Management unveils global multi-asset capability, integrates experience and assets in Asia

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Global investors’ increasing demand for multi-asset investment strategies is driving Nikko Asset Management, a related company to Tyndall Investment Management Limited, to form a specialist portfolio management team in Singapore, the company announced yesterday. The team, which currently oversees $24 billion of assets for institutional and intermediary clients, will be launching multi-asset products as well […]

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