Wealth Management News

InvestorDaily ECP Asset Management’s All Cap Australian Equities fund has come out on top in delivering the most competitive returns over the last 12 months, according to Mercer’s latest investment survey. During the year ending 31 March 2024, the fund delivered 32 per cent before fees, compared to the 14.4 per cent delivered by its […]

InvestorDaily Perpetual has announced the appointment of Tania Cecconi as lead partner in Western Australia, where she will be responsible for working across the private wealth segment. According to the firm, she will also work on community and social investment, including philanthropy, not-for-profits, senior living, and First Nations communities. Cecconi joins Perpetual with a corporate […]

InvestorDaily In a statement on Monday, AMP announced that its Australian wealth management (AWM) business would be dissolved as part of a streamlining process aimed at introducing a “simplified structure.” The role of chief executive of AWM will be removed, with AMP confirming a transition to a new operating model would occur by the end […]

Reuters AMP Ltd reported third-quarter net outflows at its Australian wealth management unit more than halved due to increased inflows into its flagship online investment platform, North, and reduced withdrawals at its pension trusts. AMP has suffered from persistent outflows since a government-backed inquiry revealed a series of scandals that the 173-year-old firm has been […]

Money Management Shez Ford, former executive at ANZ Wealth, CBA, and ING Australia, has been named Allianz Australia’s chief general manager, consumer, from August 2023. In this role, she would lead the firm’s consumer division, which focuses on the distribution of consumer products through its direct and intermediated channels. She made the move from the […]

risk info The Association of Financial Advisers and the Financial Planning Association of Australia will merge to form the Financial Advice Association of Australia. Confirmation of the merger was made this afternoon following Extraordinary General Meetings conducted by both associations, where the result of the member vote on the merger proposition was announced. A release […]