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02 September 2013 • By Reporter • 1 min read

ASIC issues interim stop orders on Trilogy schemes

Trilogy Funds Management has drawn the attention of the corporate regulator for issuing misleading product disclosure statements (PDSs), with interim ...

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Former Wealthsure CEO to be banned

In an enforceable undertaking (EU) offered to the Australian Securities and Investments Commission (ASIC), the former chief executive and current ...

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CBA sees group executive departure

Commonwealth Bank has announced group executive, Institutional Banking and Markets Ian Saines will depart the group at the end of the year

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PIS legacy continues to haunt Centrepoint

Centrepoint Alliance has announced a positive financial result across three of four business units, but legacy costs relating to poor advice from ...

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Industry fund threat comes from banks and technology

Big banks can threaten the industry fund value proposition because they control so much of a member’s financial situation, but other external ...

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Australian Ethical profit back on track

Australian Ethical has bounced back from a relatively poor result last year to post a $1.06 million net profit after tax (NPAT). The result is up ...

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Xero scraps personal finance tool to focus on advisers

Accounting software provider Xero has announced rapid growth in customer numbers, while flagging plans to phase out its Personal Finance Management ...

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Prime focuses on wealth management

The lion’s share of Prime Financial’s revenue came from wealth management as the firm’s profit dipped slightly on the previous year

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Hedge funds lag as sub strategy plunges

Hedge funds returned 0.88 per cent in July and 4.59 per cent for the year to date as one sub strategy plunged deep into the red, the latest Credit ...

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Centuria boosts profit in stronger results

Listed property investment manager Centuria Capital has boosted its profit and earnings while also boosting its assets and selling off legacy ...

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