WEEKLY WRAP: JBWere appoints new Chief Investment Officer

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JBWere appoints new Chief Investment Officer

JBWere has appointed James Wright as its new Chief Investment Officer responsible for setting the firm’s investment strategy. He will also oversee the tactical asset allocation, product and security selection for JBWere’s private wealth management, institutional and not-for-profit client portfolios.

Dalton Nicol Reid gets accessibility boost

Dalton Nicol Reid’s Australian Equities High Conviction Portfolio has received a Recommendedrating from investment research house Lonsec. The rating is an upgrade from the previous ‘Investment Grade’ rating received in March 2013.  

FPA and Platinum Asset Management announce new education scholarship

The FPA and Platinum Asset Management (Platinum), together with the Neilson Foundation will offer a scholarship to undergraduate students majoring in financial planning as part of their degree.

The scholarships will be offered through five Australian universities; Deakin, LaTrobe, Canberra, Western Sydney and Wollongong, and will commence at the beginning of the 2014 academic year. The scholarships offered will be for approximately 20 students annually at $15,000 per student.

Charter Hall Direct Property’s DIF2 oversubscribed

More than a year ahead of schedule Charter Hall Direct Property today announced that its Direct Industrial Fund No.2 (DIF2) has successfully closed oversubscribed raising $135 million within ten months of launch.

Market Vectors Australian ETFs begin trading on ASX

Market Vectors ETFs (Market Vectors), the exchange traded fund business of US-based investment manager Van Eck Global, listed four purpose-built Australian ETFs on the Australian Securities Exchange (ASX), on Wednesday.

Kardinia wins ‘alternative strategies’ Manager of the Year

Kardinia Capital has won the ‘Australian equities – alternative strategies’ Manager of the Year in the Professional Planner/Zenith Fund Awards. Kardinia beat Perpetual and Zurich to win the 2013 industry award, announced at a ceremony in Sydney on 11 October.

Centric Wealth furthers regional expansion

Centric Wealth has today announced the next step in the Group’s growth strategy with the opening of a local office in Newcastle, New South Wales. Head of the local office, Adam Pearsall, said he was very pleased to be permanently based in his home territory.

IPA pursues pronouncement 11

The Board of Directors of the Institute of Public Accountants (IPA) recently decided to adopt the IPA’s own Pronouncement 11: Financial Planning Services in place of the alternative APES 230: Financial Planning Services.

Allianz wins AB+F awards in two major categories

Allianz won in the categories of ‘Life Insurance Product of the Year’ and ‘Innovation of the Year’ at the 2013 Insurance Awards hosted by Asia – Pacific Banking and Finance.

AMP University Challenge: Record number of female participants

A team from La Trobe University in Victoria has won the AMP University Challenge in a year that saw a record number of female entrants and finalists. The AMP University Challenge is a national financial planning competition open to all Australian university students who want to find out first-hand what being a financial planner is all about.

Nikko AM acquires Treasury Asia Asset Management

Nikko Asset Management (Nikko AM), a related company to Tyndall AM, has acquired the Asia-Pacific investment manager Treasury Asia Asset Management Limited (TAAM).