From the Source

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Capital protected fund launches for retiree incomes

Brisbane-based Pentalpha Investment Management released a new retail class of unit in its Income for Life Fund at the start of 2019. This follows the launch of the Foundation Class two years ago (now closed to new investors). The Fund conservatively targets 6% plus p.a., offering a much higher yielding alternative to cash, term deposits […]

26 Feb 2019

MLC Life Insurance named Employer of Choice for Gender Equality

From MLC Life Insurance

MLC Life Insurance is honoured to be awarded the Workplace Gender Equality Agency’s (WGEA) Employer of Choice citation for gender equality. MLC Life Insurance is one of 140 organisations across Australia to receive the citation, which is awarded to organisations that meet rigorous standards in workplace gender equality. David Hackett, CEO, MLC Life Insurance said: […]

26 Feb 2019

Quantifeed opens office in Australia to meet growing demand for digital wealth advice; taps local tech talent

From Quantifeed

Quantifeed, Asia Pacific’s leading provider of digital wealth management solutions, has opened an office in Australia to strengthen its strategic relationships as demand for B2B digital advice solutions grows. Quantifeed’s new Sydney office – staffed with eight employees- will also enable the company to grow its technology offering by leveraging local software engineering talent. Lars […]

26 Feb 2019

MyState grows loan book but profit down against a backdrop of external challenges

From MyState Bank

MyState Limited has announced that net profit after tax for 1H FY19 was $14.4 million compared with $15.8 million in the pcp. Managing Director and Chief Executive Officer, Melos Sulicich, said: “The lower result reflected higher funding costs as well as investment to deliver a new platform that will facilitate growth of the funds management […]

25 Feb 2019

AMP Bank takes top honours for best value savings accounts

From AMP Bank Limited

AMP Bank has been recognised for the calibre of its savings products, picking up 10 Mozo Experts Choice Awards, including multiple awards for AMP Saver along with being named Small Business Savings Bank of the Year and SMSF Savings Bank of the Year. AMP Bank was awarded the following Mozo Experts Choice Awards: Small Business […]

25 Feb 2019

ALP ban on grandfathered commissions another win for big end of town

From AFA - Association of Financial Advisers

The Association of Financial Advisers (AFA) strongly objects to the Australian Labor Party (ALP)’s plan to ban grandfathered commissions on investment and superannuation products by the end of 2019, arguing that it will hand yet another victory to the big end of town at the expense of small financial advice businesses and their clients. AFA […]

22 Feb 2019

Liquidnet appoints Chris Gardener as Relationship Manager

From Liquidnet

Liquidnet, the global institutional investment network, today announced the appointment of experienced stockbroker Chris Gardener as Relationship Manager, further expanding the firm’s Australian-based presence. Mr Gardener brings over 30 years’ experience working in capital markets servicing institutional clients in Australia. He spent the last 20 years at UBS’ institutional trading desk, covering equity sales, trading, […]

22 Feb 2019

Paragem appoints new General Manager

From Paragem

Paragem has announced the appointment of Ms Sonya Choi La Rosa to General Manager bringing more than 20 years leadership experience across adviser operations, technology, transformation, paraplanning and policy. Earlier in her career Ms Choi La Rosa practiced as a financial planner, more recently working in program management, change and business readiness. Prior to joining […]

22 Feb 2019

Boutique Prime Value appoints former Christian Super CEO Peter Murphy – aims for more institutional investment

From Prime Value Asset Management

Boutique fund manager, Prime Value Asset Management, has appointed former Christian Super CEO, Peter Murphy, to an expanded client services team as the manager targets institutional investors via several alternative asset funds. Mr Murphy spent almost a decade as CEO of Christian Super, during which time the Fund received several awards and experienced top quartile […]

22 Feb 2019

DomaCom $1.3 million placement oversubscribed

From Domacom

DomaCom is pleased to announce that it has secured $1.315 million in funding through the placement of 13,150,000 shares at 10 cents a share to sophisticated and institutional investors. The placement was filled by existing and new investors and includes an Institutional Equity Fund Manager who is taking a position in DomaCom for the first […]

21 Feb 2019