Posted by admin on May 15th, 2008
Leading independently owned investment advice and financial planning company Goldridge Wealth Management (Goldridge) has appointed Joe Byrne to its board of directors. Byrne, who was Goldridge’s Investment Manager, now has responsibility for the leadership of the company’s investment analysis and research team and becomes its Investment Director.
Goldridge’s Chairman Daniel Mintz said, “Joe’s appointment is consistent [...]
Posted by admin on May 15th, 2008
A subsidiary of Brent King’s Viking Capital has acquired the investment advisory business of Dorchester Pacific just three days after it sold it to a third party.
Dorchester sold Equity Investment Advisers and Sharebrokers, MoneyOnline and New Zealand Investor magazine on Friday to former Spicers financial adviser Stephen Rogers for $1.375 million.
Yesterday the Investment Research Group, [...]
Posted by admin on April 27th, 2008
It seems that British investors are uncomfortable about asking for financial advice investment products from stocks and shares to asking for overseas property investment advice. A report from independent financial product researchers Defaqto, the Retirement Savings and Income Report, shows that consumers in the UK prefer to consult friends and family, Investment Company or [...]
Posted by admin on April 20th, 2008
Low fees charged by providers to manage KiwiSaver funds will make the product non-viable and impossible to maintain, says retirement-product expert Paul King.
The consultant, ASB’s former head of strategy, said the product’s high-profile launch forced the financial services industry to cut costs to join the KiwiSaver party - Investment Advice costs that could not be [...]
Posted by admin on April 14th, 2008
Isa Sales Plunge To Record Low As The Credit Crunch BitesSales of tax-free individual savings accounts (ISAs) for the 2007-08 tax year are expected to be the worst on record, as fears over the credit crunch and the precarious nature of the economy take their toll.
Desperate attempts by fund managers and independent financial advisers to [...]
Posted by admin on April 11th, 2008
The Financial Planning Association and Fidelity Investments are offering independent financial advisers an opportunity to take part in the FPA practice-management score-card-benchmarking program at no cost.
The FPA Practice Management Scorecard , which helps financial planners establish financial goals and evaluate their progress, allows a planner or financial adviser to compare their business to similar businesses [...]
Posted by admin on March 24th, 2008
I am going to retire in 2009. The financial adviser for my company has told me that he doesn’t like index funds for retirement. He says they are fine in the accumulation phase but not good in the distribution years because of volatility. My index funds - Vanguard 500, Total International, Total Bond, and Total [...]
Posted by admin on March 21st, 2008
DETROIT (AP) — Borders, the nation’s second-largest bookseller, said Thursday it may put itself up for sale and has lined up $42.5 million in financing to help continue operating.Borders delayed its fourth-quarter earnings report, scheduled for Wednesday, until Thursday.Borders Group Inc. said the financing commitment comes from investment funds affiliated with Pershing Square Capital [...]
Posted by admin on March 19th, 2008
Fortis Agrees to Sell 50% Stake in Unit to Ping An
By Cathy Chan and Martijn van der Starre
March 19 (Bloomberg) — Fortis, Belgiums biggest financial-
services company, agreed to sell half of its asset-management
unit to Ping An Insurance (Group) Co. for [...]
Posted by admin on March 19th, 2008
Ping An to Buy Stake in Fortis Unit for $3.4 Billion
By Cathy Chan and Martijn van der Starre
March 19 (Bloomberg) — Ping An Insurance (Group) Co.,
Chinas second-biggest insurer, agreed to buy half of Fortiss
asset-management unit for 2.15 billion euros ($3.4 [...]
