AMP Capital welcomes Cbus Property and UniSuper as new partners in the AMP Capital Retail Trust – Australia’s largest retail transaction

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AMP Capital has announced new partners in the AMP Capital Retail Trust (ACRT). UniSuper, one of Australia’s leading superannuation funds and Cbus Property, one of Australia’s leading property investors and developers, have taken the majority ownership of Pacific Fair in Queensland, which was recently recognised as the Queensland Retail Property of the Year[1], and 50... Read more continue reading

AMP Limited provides Q3 21 AUM and cashflows update 

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Key points: Australian wealth management (AWM) assets under management (AUM) remained steady at A$131.2 billion during Q3 21, with improved investment markets offsetting net cash outflows. AWM net cash outflows of A$1.4 billion in Q3 21 improved from A$1.8 billion of net cash outflows in Q3 20 and includes A$0.5 billion in regular pension payments... Read more continue reading

Pitcher Partners Newcastle and Hunter and DFK Crosbie merge

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Accounting, audit and advisory firm DFK Crosbie has announced it will merge with the Newcastle and Hunter Valley practice of Pitcher Partners. The merger will see DFK Crosbie take on the Pitcher Partners brand from 15 November 2021 and will be jointly led by Pitcher Partners Newcastle and Hunter’s current Managing Partner, Michael Minter and... Read more continue reading

State Street appoints new head of Australia and head of Singapore and Southeast Asia

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State Street Corporation has announced that it has appointed Tim Helyar as head of Australia and Kevin Hardy as head of Singapore and Southeast Asia, as part of its Asia Pacific growth plan. The two newly created roles will report to Mostapha Tahiri, chief executive officer for Asia Pacific. Based in Sydney and Singapore, Helyar... Read more continue reading

abrdn launches innovative Global Risk Mitigation Strategy in Australia

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abrdn is making its well established Global Risk Mitigation (GRM) Strategy available to Australian professional and advised investors from yesterday. The strategy aims to help investors mitigate equity risk, reduce portfolio volatility and deliver stronger long-term compounded returns as they plan for their financial future and retirement. Incepted in 2019, the GRM Strategy is designed... Read more continue reading

My Dealer Services responds to demand by self licensees to grow through acquisition opportunities  

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My Dealer Services Pty Ltd (MDS) Director Mr Alex Euvrard has announced that the group has responded to escalating demand by self licensees pursuing growth through acquisition opportunities that was revealed in a survey of its national network with the launch of an easily accessible facility to bring advice book buyers and sellers together. Respondents to the MDS... Read more continue reading

Industry Veteran joins Real Asset Management as Chief Technology Officer

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Industry veteran, Craig Thompson, has joined rapidly growing Australian owned wealth and asset manager Real Asset Management Group (RAM) as their new Chief Technology Officer. Thompson has worked as MA Financial Group’s Head of Technology for the past two years and was General Manager of Information Technology for MA Hotel Management for five years. At... Read more continue reading

Response statement to the FSC’s White Paper

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The FPA broadly welcomes the release of the FSC’s white paper and its goal to reduce the cost of providing financial advice, allowing financial planners to spend more time with new and existing clients. This white paper closely aligns with the FPA’s five-year policy-platform roadmap – Affordable advice, sustainable profession. Introduced in June 2020, our policy... Read more continue reading

AZ NGA eyes regional expansion with key acquisition

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Azimut-backed professional services utility, AZ Next Generation Advisory (AZ NGA) has secured a key plank in the group’s strategy by gaining a foothold in the New South Wales Hunter Region with the acquisition of RI Newcastle and Lower Hunter. Established in 2001 by Gil Gordon, RI Newcastle and Lower Hunter employs 14 staff including five... Read more continue reading

Maple-Brown Abbott to launch global emerging markets equities strategy

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Boutique investment manager Maple-Brown Abbott will launch a global emerging markets (GEM) equity investment capability and has appointed John Moorhead to the newly created role of head of global emerging markets. Mr Moorhead is based in Sydney and reports to CEO and managing director, Sophia Rahmani, and CIO, Garth Rossler. In this role, he will... Read more continue reading