BTFG wrap refunds surpass $2 million

02-Jul-2013|By Kate Kachor

BT Financial Group (BTFG) has paid out more than $2 million in compensation to BT Wrap and SuperWrap customers after an internal review found some had been paying adviser fees above the disclosed percentage ranges. BTFG undertook a review to.. Read More

High-grade bonds improve diversification


The inclusion of high-grade bonds in an investment portfolio could achieve better diversification and provide a truly defensive component for financial advisory clients, according to a global fund manager. Speak.. Read More

Australian equities a long-term bet


Despite short-term challenges driven by growth headwinds at the major banks, the Australian equity market was still fertile investment ground in the long term due to its high yields and exposure to growing markets in.. Read More

Licensee completes process improvements


An advice group has finalised improvements to its advice processes recommended by an independent expert, following an ASIC investigation that revealed it did not have sufficient resources to carry out its legal oblig.. Read More

Lloyd to step down from Perpetual


Perpetual chief executive Geoff Lloyd would step down in mid-2018 after more than five years in the role, the fund manager announced yesterday. In a statement, the company said Lloyd had timed his exit from Perp.. Read More

Long journey’s end sees Netwealth list


Independent platform provider Netwealth began trading on the ASX yesterday following a successful initial public offering that saw shares in the group offered at $3.70. In a statement, Netwealth said shares in t.. Read More

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