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Daily news for financial services professionals
CFM unveils long-term trend-following trust
26-Sep-2017
Capital Fund Management (CFM) has launched a diversified and long-term trend-following trust, the CFM IS Trends Trust, with the alternative investment strategies firm saying demand was soaring for that type of produc.. Read More
CommSec, CFS offer new platform
29-Aug-2017
CommSec Adviser Services and Colonial First State (CFS) have joined forces to develop a new platform for financial advisers to manage a range of client investments across listed securities and managed funds. Th.. Read More
28-Aug-2017
AZ Next Generation Advisory (AZ NGA) has announced its 31st practice acquisition, purchasing Sydney financial planning firm Farrow Hughes Mulcahy (FHM) Financial Services. In a statement, the group said the deal.. Read More
ARFP and CCIV to boost local fund managers
28-Aug-2017
The Financial Services Council (FSC) has welcomed the government’s draft legislation about establishing a new Corporate Collective Investment Vehicle (CCIV) structure to facilitate further foreign investment in.. Read More
Mortgage Choice FP posts first profit
25-Aug-2017
The financial planning arm of mortgage broking group Mortgage Choice has posted its first full year profit, delivering gross revenue of more than $10 million for the 2017 financial year after the company announced it.. Read More
Opinion – Drown out the ‘noise’ with advice benefits
25-Aug-2017
We often hear, and quote ourselves, the statistic that only one in five Australians currently receive financial advice. It’s long been a statistic in the industry, and was more recently validated in Investment .. Read More
Diversification drives Perpetual profit jump
25-Aug-2017
Perpetual has delivered a 4 per cent increase in statutory net profit after tax (NPAT) for the year ended 30 June 2017, with revenue also up by 4 per cent. In its annual results announcement yesterday the group.. Read More
Advisers insourcing funds management
24-Aug-2017
Financial advisers were increasingly choosing to take client investment decisions into their own hands in order to justify increasing fees as a result of regulatory change and retain clients being lured by low-cost r.. Read More
Sonata sales underpin robust Bravura results
24-Aug-2017
Listed wealth software firm Bravura Solutions has posted strong financial results for the 2017 financial year, with group revenue rising to $191.9 million and wealth management revenue reaching $122.7 million in 201.. Read More
Disruption offers significant returns
23-Aug-2017
Investing in disruptive innovation, including blockchain technology, autonomous vehicles and artificial intelligence, could yield Australian investors returns that significantly outstripped traditional growth-focused.. Read More
22-Aug-2017
Melbourne advice firm Prognosis Wealth Management has joined Elders Financial Planning (EFP), becoming the eighteenth practice to join the dealer group in the past year. In a statement, EFP said Prognosis, heade.. Read More
