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The article provides an overview of the career of Australian businessman Mark Bouris and the success of his wealth management business, Yellow Brick Road (YBR). He claims that with YBR, he deconstructed financial advice, centralise compliance and the financial planners themselves. He offers his view on brand-building exercises such as the television reality program "Celebrity Apprentice." YBR is said to be investing in training new branch owners who will operate through the company's licence.

The article reports that the richest people in Australia have offloaded assets valued at more than $15 billion in 2007. According to the author, some of the rich people in the country are selling assets to expedite the transfer of wealth to their children, while some just decided to retire. The author reveals that another reason for the sell-off is the opportunity to enter new businesses or to rebalance investment portfolios.

The author looks at the competition in the private banking services sector in Australia. Commonwealth Private Bank executive general manager Adrian Hondros describes the characteristics of wealthy private banking clients. Private banking services are offered to high-net-worth individuals that include entrepreneurs, professionals and executives. Personal attention and easy access to a range of products are the hallmarks of the private bank offering. INSET: TRUE DIVERSIFICATION A HARD SELL TO CLIENTS.

The article discusses the developments in the financial industry in Australia. It claims that the country's financial planners will be affected by the Future of Financial Advice (FOFA) reforms, which will become effective in July 2012. The opinion of the Association of Financial Advisers (AFA) president Brad Fox on the new regulations is also cited.

The article focuses on the decline of equity markets and low profits of financial planners in Australia. It states that financial planning sector will suffer from market dislocation as reported by Citigroup's Trends in Wealth Management. It also notes that people began to stop investing due to price increase of financial planning businesses in the boom times. Shirlaws consultant Chris Dionne says that equities should have cultural alignment and strategies for planners to stay in the commission.

The article discusses how entrepreneurs in Australia manage their finances and how they keep their wealth growing. It examines the factors contributing to the downfall of businesses and the challenges associated with managing wealth. It is noted that such challenges differ in size and complexity according to how the money was made and where it is invested.

The article focuses on the Myer Family Office (MFO), and offers a look at the management of famous family fortunes in Australia. It discusses how the MFO creates wealth strategies and deals with issues facing Australia's rich families. The article reveals that the most fundamental role of family offices is wealth protection, which includes asset allocation, risk-weighted decisions about investing, and local and global financial market analysis.

The article focuses on the challenges and opportunities facing big banks in Australia. It is noted that big banks remain good investments with domestic growth and wealth management in good stead. However, some analysts argue that big banks have made up a loss in volume as corporations turn away from troubled capital markets in favor of bank funding.

The article discusses the approach used by top wealth managers in Australia to manage the investments of their clients. According to UBS Wealth Management chief executive officer Liz Cacciottolo, asset allocation is the most important key to wealth creation. Meanwhile, Paul Heath of Goldman Sachs JBWere states that as clients get more sophisticated, wealth managers need to match that growth with new products and training for advisers.

The article presents an interview with HSBC Australia chief executive Stuart Davis. When asked about the future plans of the bank, he replies that HSBC would try to expand its wealth-management distribution. He comments that though he has been with HSBC since 1981, he always Keeps his options open. He admires two Australian bank chiefs John McFarlane and David Morgan for their professional skills and success.

The article focuses on the ways rich people in Australia protect and manage their wealth. There have been severe illnesses and deaths among the top 200 richest people in the country this past 12 months. Of course, illnesses makes no distinction between the rich and the rest, except that the rich can have better access to the best medical treatment. Majority of the Rich 200 members who died the past year appear to have prepared for their deaths.

The article discusses the prospects of investing in wealth management stocks which are aggressively gaining an upward momentum due to sharemarket improvements and higher demand for managed funds. It cites some of the wealth management stocks that have been bullish of late including the Magellan Financial Group, BT Investment Management, and IOOF Holdings. It also mentions the benefits of regulatory reforms such as Future of Financial Advice (FOFA) and MySuper.

The article discusses the financial performance and valuation of wealth management stocks. The author believes wealth management stocks should be considered by portfolio investors. He recommends investors to take advantage of the high yield and wait for the next bull market. He suggests selecting Magellan Financial Group.

The article reveals that business advice was the most sought service from accountants and wealth management firms in the financial year 2009-2010.

The article reports on OnePath, which is the new name for the wealth management businesses of the Australia and New Zealand Banking Group.

The article reports on the result of survey conducted by Roy Morgan Research which reveals that Australian consumers are confused about the relationship between planners and providers of superannuation and wealth management products they recommend. It states that the findings calls for tigher regulation of the industry. The report showed no real changes since 2006.

The article features the golfer Adam Scott who is included in the 2009 BRW Young Rich list. It notes that Scott's business stake in 2008 was affected by a worse property deal. It states that Scott has a large stake on Entrepreneurial Welfare Management (EWM) Group that has failed to pay up a billion-dollar property deal. It cites that the wealth management company EWM engages in investment chances. Moreover, Scott's ranking in golf slipped down after he struggled in the main golf tournaments.

The article reports the 10 most expensive addresses for 2009 compiled by wealth-bulletin.com, the Dow Jones wealth management news site. It notes that the most expensive street in the world is the Avenue Princesse Grace in Monaco at 120,000 U.S. dollars per square metre. However, it notes that the value of the top 10 places declined by 12 percent, and only the Via Suvretta in St. Moritz, Switzerland continues to rise. Meanwhile, new on the list were Cap Ferrat in Southern France and Sardinia.

The article reports on the negative predictions given for financial firm Perpetual. Brokers saw limited cost flexibility and higher than normal prospective earnings multiple as factors to its likelihood of experiencing further downgrades. Analyst Kieren Chidgey of Bank of America-Merrill Lynch rates its underperformance with anticipation in cost increase in the last half of 2009. Meanwhile, Goldman Sachs JBWere was the only firm to predict leverage gain in the event of market recovery.

The article offers news briefs related to banks in Australia. A report by Deutsche Bank AG revealed that retail fund flows into wealth management companies are below the levels of 2003. Bank of America-Merrill Lynch analyst Stuart Howe says that probable cuts to the coal price will mean that the sector will depend on how much volume is created. The 25% dividend cut made by National Australia Bank Ltd. has led in the usual variety of responses from brokers.

The article focuses on Raine & Home, a family-owned international property company based in Australia. Angus Raine is the fourth generation to lead the company. Thomas Raine and Joseph Home opened the firm's first office in 1883. The article details how company Chairman Max Raine transferred wealth to the next generation.

The article describes the referral service and business planning strategies of the Australia-based Scott Associates with principal Mark Scott to complement his accounting services. Scott emphasized a web of compliance faced by accountants, tax agents and financial planners who are combining their services. Details about Scott's goal to providing wealth management services to his clients are cited.

The article answers a question on how wealth managers in Australia choose clients.

The article focuses on the strategies and operations of the Australia-based wealth management company Wealth Within under co-founder Dale Gillham. The company operates its funds management business and has developed wholesale managed account services for independent financial planners. They focused their operations on building the education and investment business instead of changing or launching other business arms.

The article reports on the launch of a financial planning advisory group service by Hayes Knight for firms in its professional network. Hayes Knight director Greg Hayes claim that they plan to get a bigger market share in the wealth management sector for the accountancy profession, thus prevent the drain of clients to financial planners.

The article offers information about Australian businesspeople and their wealth management. It is observed that there are more than 1.7 million business owners in the country. It is noted that small business operators earn less income in wages than their workers. It is suggested that businesswomen are better in managing and preserving wealth than their male counterparts.

The article profiles Steve Wilson, the executive chairman of Wilson HTM in Australia in 2007. It includes background information on Wilson and his extensive work experience in the investment and funds management sectors, as well as his different views on investment advising and the financial services industry.

The article discusses the methods used by some Australian executives to become rich. According to MFS Tourism chief executive officer Rolf Krecklenberg, he was able to build his shareholding in MFS after it acquired a company in which he held a stake. Meanwhile, David Leckie of Seven Network was able improve his finances because his stock options were linked to the company's total shareholder return growth.

The article reports on the development of the operations within BT Financial Group, a company which is claimed to the strongest brand in the wealth management industry. The company was holding and increasing market share in most business segments. BT has announced that it had signed a deal with AQR Capital Management LLC. BT will offer a long-only global equity fund from AQR's product range.

The article provides information on the ways rich people in Australia prepare for their death. It is said that rich people do not personally own assets because they prefer discretionary trust, which is unaffected by the death of the an individual. Rich people also advised their beneficiaries not to hurry to tidy up some complex network of trusts after their death. Moreover, they also arrange for their children to make agreements on how the family fortune will be manage after their death.

Reports the challenges facing the banking industry in Australia. Payment of a higher wholesale rate; Reduction of provisions for bad debt; Pace of earnings growth from the transition to wealth management market.