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Mortgage Business MLC managing director joins FSC By Sarah Buckley 02 February 2021
The Financial Services Council has appointed MLC Wealth’s acting managing director, Andrew Morgan, as a director of the FSC board.
Mr Morgan has over 30 years of experience in the industry.
Having joined MLC Wealth in 2019 as chief corporate services officer, he was named acting managing director in November last year.
Mr Morgan has also previously held the positions of chief financial officer of wealth management at the Commonwealth Bank of Australia, as well as having held leadership positions at Perpetual Limited, Lend Lease Corporation and NAB.
Between 2005-2008, Mr Morgan was head of international mortgage at US-based mortgage company Radian.
3 secret ASX dividend shares with large yields
Tristan Harrison | January 13, 2021 5:35pm |
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There are some ASX dividend shares that have small market capitalisations but large dividend yields.
These are businesses that are already paying shareholders some of the profit each year, but they are earlier on in their expansion plans.
Here are those small dividend-paying businesses:
Propel has a trailing grossed-up dividend yield of 4.8%. According to the ASX, it has a market capitalisation of $295 million.
It’s the second largest funeral operator in Australia and New Zealand. Propel’s core business is regional funeral businesses, though it’s also looking to expand into metropolitan areas as well. For example, it recently acquired the Dils Group which operates primarily on the North Shore of Auckland in New Zealand.
3 ASX shares to buy for 2021
Tristan Harrison | December 31, 2020 1:51pm |
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There are three ASX shares in this article that could be solid performers during 2021, if 2020 trends are continued.
Here are three ideas:
Pacific is a multi-boutique asset management business that wants to partner with “exceptional” investment managers. It provides strategic business development to help them grow, either with funding or expertise.
Dean Fremder of
Perpetual Limited(ASX: PPT)said when Pacific Current shares were a bit lower: “The stock’s really cheap. It’s on nine times earnings. It’s growing earnings at double digits, so more than 10% a year. It is paying a 6.5% fully franked yield. And most excitingly, we think they can pay out a much larger portion of their earnings as dividends. We see no reason, given the surplus franking credits they have on the balance sheet, they can’t be paying a 10 or 11% fully franked yi