Folkestone expands distribution team

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Folkestone Funds Management, part of the ASX listed Folkestone group (ASX: FLK) announced the appointment of Monica Hood as Business Development Manager. Monica joins Folkestone’s distribution team with specific emphasis on growing Folkestone’s distribution network and servicing the needs of research houses, financial planning firms, master fund/wrap providers, and SMSF’s. Adrian Harrington, Head of Funds […]

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Templeton Global Growth Fund Ltd announces improved shareholder returns and continuing portfolio outperformance

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Templeton Global Growth Fund Ltd (“Company”; ASX Code TGG), an Australian listed investment company (LIC), yesterday announced its FY17 results, noting improved shareholder returns including continuing strong performance of its underlying portfolio as well as a significant narrowing in the discount to net tangible assets per share (NTA) from 9.71% discount to after-tax NTA as […]

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AWS founder welcomes Sam Koranias as new planner to the practice as growth plans gain momentum

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Australian Wealth Solutions (AWS) founder and principal Sam Zervides has announced Sam Koranias has been appointed an authorised representative of the Melbourne headquartered financial services practice as the growth plans for the business gain momentum. Commenting further on the announcement, Sam Zervides said Sam Koranias joined the practice in 2013 after completing his Bachelor of […]

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MBS Insurance realises business goal by promoting two new partners from within the practice

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MBS Insurance partners Kris Mason and Drew Burden have announced that financial advisers Chris MacKenzie and Brent McCullough have been promoted to partners of the Sydney headquartered specialist risk advice practice. Commenting further on the announcement, Kris Mason and Drew Burden said the appointments reflect MBS’s commitment and focus on investing in, and bringing through, […]

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Bendigo and Adelaide Bank named top non-major business bank

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Bendigo and Adelaide Bank, Australia’s fifth largest full service retail bank, has been named Australia’s best non-major business bank for 2017. Bendigo Bank received the award at the RFI Group’s Australian Business Banking Awards 2017 in recognition of outstanding product and service offerings for Australian business owners. The Bank continues to build a strong reputation […]

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Charter Hall Direct new PFA Fund targets 7.25% per annum income

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One of Australia’s largest unlisted managers of investment-grade office buildings, Charter Hall Direct Property, today announced the launch of a new unlisted office property fund for retail investors, self managed super funds trustees and high net worth investors. The fund, called the Charter Hall Direct PFA Fund (PFA or fund), features quality office buildings located […]

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AMP Capital secures record commitments of US$4.1 billion for infrastructure debt strategy

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AMP Capital  has reached final close on the AMP Capital Infrastructure Debt Fund III (IDF  III), raising US$2.5 billion for the mezzanine debt strategy, an additional  US$800 million in co-investment rights and securing a further US$800 million  from investors who want access to its deal capabilities. IDF  III, the third infrastructure debt fund launched by […]

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MyState reports NPAT of $30.1 million

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MyState Limited, the banking and wealth management group, today announced a net profit of $30.1 million for the year to 30 June 2017, slightly below the underlying net profit of $31.1 million reported in FY16. Earnings per share were 34.0 cents, compared with 35.5 cents in FY16. The Directors have declared an unchanged final dividend […]

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Trusts are now in the Opposition’s sights – investors urged to consider alternatives

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“The recent tax hikes on contributions to super have significantly eroded the potential retirement savings of many Australians. Super isn’t necessarily the most tax-effective savings plan out there anymore.” These are the words of Neil Rogan, a specialist in investment management and General Manager – Investment Bonds Division at Centuria Life following the latest in a range […]

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Australia’s first financial advice certification mark announced: Certainty Advice

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Certainty Advice Group has announced a certification mark for ethical financial advice. It’s a first in Australia. “Since 2005, we have always had a simple objective,” says MD of Certainty Advice Group, Jim Stackpool. “Consistent and methodical delivery of comprehensive and ethical advice without any real or perceived conflict or incentives. So by creating this […]

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