Financial Services

Global investment bank Morgan Stanley has pulled its permanent wealth management presence in Perth, as four advisers defect to rival firm Canaccord Genuity Australia.

GESB represents more than 60 per cent of the WA funds management sector, but diversity is emerging.

The gap between consulting and funds management continues to grow.

Australia's largest accounting body has revealed one in five Australian businesses have lost money or time due to a cyber incident in the past year, as it warns of future threats posed by AI.

Experts have welcomed the federal government's backtrack on the taxing of unrealised gains, but say there's still unanswered questions leaving investors anxious.

ANZ's bottom line has taken a big hit from a massive fine imposed by the market regulator and one-off costs related to 3500 staff redundancies.

The chair of a $1.1 billion salary-packaging company keeps his home state front of mind.

Leeuwin Wealth has nearly doubled its funds under management to $1 billion and has worked on 18 capital market transactions in its first 12 months of operation.

Westpac's full-year profit has grown slightly as the big-four bank delivered a bigger loan book and took in more customer deposits.

The state's Supreme Court has sentenced Chris Marco to 14 years' imprisonment, after he was found guilty of defrauding investors of $34 million.

Fraudster's upcoming sentencing is the next step in a long fight for those who lost money.

WA has again claimed the top spot in the CommBank State of the States report, the fifth consecutive quarter it has been named the nation's best performing economy.

Old Young's will be placed back in directors' hands after creditors of the award-winning Swan Valley distillery voted to approve a plan to pull the business out of administration.

The corporate watchdog has permanently banned Noel Northcott from the financial services industry, after an investigation into a fund's $11.3 million loss.

PPS Water Group founder Matthew Rear has been named Australia's top services entrepreneur at the 2026 EY Entrepreneur Of The Year awards.

The ATO has declined a Tax Ombudsman suggestion to re-route calls from accountants to experienced staff as pressures mount between tax agents and the agency.

Figures released today revealed Australia's unemployment rate climbed to 4.5 per cent in September, lifting the spirits of those eagerly awaiting another cash rate cut from the Reserve Bank.

ANZ will move its eight million Australian retail banking customers to ANZ Plus by late 2027, and add to its mortgage sales force in its branches.

Motoring mutual giant RAC is looking to become a company, asking members to vote on the historic move as it basks in a bumper profit and separately sweats on the $1.35 billion insurance arm sale.

Trading platform Cboe Australia has gained approval from the corporate watchdog to list new companies on its rival exchange, as the ASX faces a sharp slowdown in IPOs.

Argonaut's full-year profit surged to $15.5 million, fueled by a sharp rise in corporate finance fees amid a busy year of gold sector capital raisings and transactions.

Concerns are emerging about a lack of succession literacy ahead of a looming transfer of intergenerational wealth.

RAC Group has recorded a bumper profit as it works through regulatory concerns about the sale of its insurance arm to Australia's biggest insurer.

Westpac is cutting 200 customer-facing roles in its network but says it will try to keep as many workers as possible through retraining and redeployment.

The Federal Court has ordered documents relating to Chris Marco's Westpac accounts to be examined in the ongoing proceedings against his companies.

Australia's sovereign wealth fund has delivered a strong result for financial year 2025, despite significant global economic turmoil.

ANZ has announced some 3,500 jobs will be cut over the next twelve months in a $560 million restructure, which will also see consultant numbers trimmed.

A jury has found Chris Marco guilty of defrauding investors of more than $34 million, after a five week trial in the state's highest court.

Shares in Australian Finance Group have doubled in value this year as the Perth company benefits from the increased market share held by brokers in a growing housing loan market.

A former financial adviser has appeared in a Perth court after being extradited from New Zealand, over allegations of stealing $4.1 million from her clients.

Perth options trader Adam Tomasso has won a high-stakes court battle with IG Markets, allowing him to recover $5.5 million he earnt in the space of 30 minutes.

Canaccord Genuity has expanded its Australian presence, confirming this afternoon it has finalised a deal to buy 100 per cent of local stockbroking firm Wilsons Advisory.