Atrium achieves $1 billion FUM milestone, pegging solid investor returns with lower volatility

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An investment approach that ignores market noise and avoids investment herds has helped Atrium Investment Management (Atrium) reach its first billion dollars in funds under management, while delivering solid investment gains coupled with minimal volatility. Atrium Chief Executive Officer, Alex Hone said the $1 billion milestone was a pleasing first step in a long-term journey […]

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Accomplished Melbourne advisers to complement growing Fitzpatricks Professional Network

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Two senior, well-respected Victorian financial advisers will join on 7 December 2015 to practice under the Fitzpatricks AFSL in a further sign of the concentration of high quality advice practitioners within the licensee’s growing national network. Joining to operate from Fitzpatricks Collins Street, Melbourne offices are Bev Manallack CFP and Heather Boughton CFP. Each brings […]

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New-look Fortnum/FPSA Group focused on helping practices grow

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Independently-owned dealer group Financial Planning Services Australia (FPSA) has successfully transitioned to Fortnum Financial Advisers’ Australian Financial Services Licence (AFSL) and launched a refreshed licensee offer. A number of original FPSA practices, including Sydney-based First Unity and Brisbane-based Kent Private Wealth, have already transitioned to the new FPSA entity under Fortnum. Fortnum has also invited […]

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NAB Asset Management continues to lift SMA education

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NAB Asset Management has released its second Benchmark Magazine, which focuses on raising awareness and education about the increasing use of separately managed accounts (SMAs). The publication provides key information for advisers looking to offer SMAs as part of their advice proposition, including first-hand adviser testimonies and guidance from industry experts. NAB Asset Management Head […]

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Choosing between emerging market economies is key for 2016

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Standard Life Investments, the global investment manager, believes that differences in financial vulnerabilities can help investors choose which emerging market to invest in for 2016. Emerging markets have experienced several years of relative underperformance. In 2016, they will face considerable external headwinds such as China’s slowdown and rebalancing, weak commodity prices, higher short-term US interest […]

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AMP announces close of AMP capital notes offer raising A$267.5 million

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AMP Limited (AMP) has completed its offer of AMP capital notes (capital notes), raising a total of A$267.5 million. AMP has also confirmed the allocation policy for the offer with 2,675,000 capital notes issued at A$100 each. The proceeds from the capital notes will further strengthen the AMP group’s capital base and meet general funding […]

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OneVue’s momentum continues with another major win

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OneVue has been selected by another custodian to provide a consolidated retail and institutional unit registry offering for one of the world’s most successful investment managers, with over $1 trillion in assets under management globally. OneVue will support this investment manager’s new wealth management distribution strategy in Australia by packaging OneVue’s unit registry service with […]

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AMP announce Board changes

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AMP  Limited yesterday announced that Ms Vanessa Wallace will join the AMP Limited Board  as a non-executive Director, effective 1 March 2016. Ms  Wallace is a non-executive Director of Wesfarmers and most recently was  Executive Chairwoman of Japan and the senior partner in the Asian region for  Strategy& having consulted to the financial services sector across […]

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2015 ANZIIF TurksLegal Scholarship winner announced

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TurksLegal and the Australian and New Zealand Institute of Insurance and Finance (ANZIIF) are pleased to announce the winner of the 2015 ANZIIF TurksLegal Claims Scholarship as Darren Low of Suncorp. Darren is a Commercial Insurance Graduate and Underwriter. He submitted his winning entry on the topic of the sharing economy and the challenges it […]

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AZ Next Generation Advisory acquires Harvest Wealth

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AZ NGA yesterday signed a binding sale and purchase agreement to acquire 51% of the capital of Harvest Wealth. The agreement includes a share swap of 49% of Harvest Wealth’s equity for AZ NGA shares and a progressive buy back of these shares over the next ten years. This latest agreement follows the recently announced deals reached […]

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