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06 May 2020 • By Sarah Kendell • 1 min read

Big four bank restructures private client arm

A big four bank has restructured its private wealth advice arm to sit within its broader retail banking division, in a move the bank says will better ...

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Investment consulting giant expands into retail

One of Australia’s largest investment consulting firms has entered the market for providing managed account services to financial advice practices

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Super fund reports member switching tripled amid virus

A big four bank’s superannuation business saw switches by fund members rise to three times the usual rate in March, as the coronavirus pandemic rocked ...

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Refinitiv partners with boutique wealth manager

Refinitiv partnered with a boutique private wealth firm to provide a customised open data platform, aiming to deliver solutions for the company’s ...

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Clearing house pleads guilty to mishandling client money

The company is the first in Australia to face criminal prosecution and plead guilty to breaching client money provisions. Pershing Securities ...

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Squeezed dividends could diminish ASX returns

Retirees, companies and investment managers alike are expected to be hit by capital retention policies alongside lower earnings across sectors, with ...

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New retail investors flood market despite ‘dangerous’ conditions

The corporate watchdog has expressed concern that retail investors could be playing with fire as the number of newcomers entering the market during ...

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Aberdeen Standard Investments strengthens institutional sales team

Aberdeen Standard Investments has strengthened its distribution team with the appointment of a new institutional director. Vishal Sharma will ...

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RBA announces policy decision

The RBA has announced its latest decision on monetary policy as economic uncertainty becomes the new normal. The RBA held interest rates at 0.25 ...

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The stimulus is a stay of execution

Australia is losing billions every week to COVID-19. But do the government’s stimulus measures go far enough? Treasurer Josh Frydenberg has ...

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