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21 February 2019 • By Adrian Flores • 1 min read

Wealth firm demerging from CBA records $2.6m profit

A wealth business in the process of demerging from the Commonwealth Bank of Australia has posted a net profit after tax of $2.6 million in the second ...

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Statewide Super announces new CEO

Tony D’Alessandro has been announced as the new chief executive officer of Statewide Super after the resignation of his predecessor.  Mr ...

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AMP leaders likely to face criminal charges

While the troubled wealth giant managed to retain its vertically integrated model following the royal commission, analysts fear the group and its ...

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Part-time government delaying royal commission recommendations

Labor has continued to attack the government over its implementation of the royal commission recommendations despite not having produced a full ...

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AFCA to accept legacy complaints

The Australian Financial Complaints Authority has announced that from July, it will start to accept legacy financial complaints.  The authority ...

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Ausbil launches active dividend income fund

Investment house Ausbil has established its new Active Dividend Income Fund, with an aim to generate higher dividend income that is paid to investors ...

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NAB hands CEO $1m payout

The National Australia Bank has arranged for outgoing chief executive Andrew Thorburn to receive a $1 million payout as well as confirm arrangements ...

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More financial firms facing shareholder backlash

Investment managers and superannuation funds are increasingly voting contrary to the recommendations of their proxy advisers as the number of company ...

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Netwealth profit up 21%

The specialist platform provider has posted an underlying net profit after tax of $17 million for the half year to 31 December 2018. Netwealth saw ...

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Schwartz backs Macquarie alumni’s new Hong Kong-based fund

Three founding members of Macquarie’s Asian Listed Equities division have established Stonehorn Global Partners and launched the Hong Kong-based ...

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