ASVWFS modern era offering gains momentum in a changing market

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Reflecting on ASVW Financial Services Pty Ltd (ASVWFS) first six months, CEO Stuart Abley affirmed that the group’s marketplace offering and approach was fundamentally different to the traditional licensee model... Read more continue reading

Lifespan boosts compliance capability with new hire

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Lifespan Financial Planning, one of Australia’s largest privately-owned financial advice networks, has boosted compliance support for its cohort of more than 250 financial advisers with the appointment of Adrian Caspar... Read more continue reading

Petrol lifts 8% in June quarter, stoking inflation

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Oil market update What happened? Global oil prices jumped by around 2 per cent on Friday as traders reacted to falling US inventories and signs of stronger demand from both... Read more continue reading

State Street and Korea’s NPS extend global equity and alternatives custody and middle-office servicing agreement

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State Street Corporation has announced that its service contract with the National Pension Service of Korea (NPS), the world’s third largest pension fund[1], has been renewed.  State Street will continue... Read more continue reading

Weekly economic and market update – week ending 9 July, 2021

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Investment markets and key developments over the past week Share markets fell over the last week, mainly on the back of worries that a resurgence of new coronavirus cases will... Read more continue reading

BT Panorama hits $100bn funds under administration

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BT has announced it has completed the final tranche of its BT Wrap migration to BT Panorama – taking BT Panorama’s total funds under administration (FUA) to over $100bn. A... Read more continue reading

AMP sells AMP Capital GEFI business to Macquarie

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AMP Limited has announced it has entered into a binding agreement with Macquarie Asset Management to sell AMP Capital’s Global Equities and Fixed Income (GEFI) business for a consideration of... Read more continue reading

WealthO2 MDA brings together top managers

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WealthO2 has launched a managed discretionary account (MDA) best of breed service bringing together the who’s who in managed accounts. The service makes it even easier for advisers to access... Read more continue reading

Cost of fraud in Asia-Pacific markets is high according to study

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LexisNexis® Risk Solutions has released its 2021 True Cost of Fraud™ APAC Study covering the retail, ecommerce, financial services and lending sectors for Australia, Hong Kong, India and Japan. The... Read more continue reading

Crestone Wealth Management doubles Brisbane presence with new investment advisers

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Crestone Wealth Management (Crestone) has welcomed six new investment advisers to its Brisbane team, bringing the Brisbane office to a total of 21 staff. Crestone’s bolstered Brisbane presence confirms its... Read more continue reading