The Australian Stockbrokers foundation since inception has raised over $8 million which has been donated to a variety of charities.
It was over 20 years ago that a group of brokers gathered in the Grosvenor Place board room of Prudential Bache to discuss how we could assist an approach from John Menadue (then chairman of QANTAS and a patron of The Matthew Talbot Hostel) to assist in the refurbishment of The Talbot’s main facility in Riley Street Woolloomooloo.
We had no idea that this legacy would continue for more than twenty years. Australia was emerging from an ugly recession and foreign investment banks were buying out local broking houses following the failure of the Aussie banks’ foray into stock broking.
Nevertheless, an Event Committee was formed, plans were made and the first Stockbrokers Awards dinner was held at the Regent Hotel, with $160k raised for The Talbot. Buoyed by this success it became an annual event, and it continues to be the largest gathering of stockbrokers each year.
Every year the tradition continues and the Australian stockbroking community gathers in Sydney to raise money for charity. More than five hundred industry practitioners gather to open their hearts (and their wallets) for those less fortunate members of our community.
Charity in Focus – Bear Cottage
Located in Manly, Bear Cottage is the only children’s hospice in NSW providing paediatric palliative care support to families who care for a child with a terminal or life-limiting illness. Critical care programs at Bear Cottage include respite, palliative and end of life care for children 0-18 years of age, which are provided free of charge to all families in a home like and non-clinical environment.
Bear Cottage is an initiative of The Children’s Hospital Westmead which allows access to some of the best medical resources in the world. Since opening their doors in 2001, Bear Cottage has cared for patients and families from every state in Australia. Since 2013, the Australian Stockbroker’s Foundation (ASF) has been supporting Bear Cottage. To date, $86,200 has been donated by the ASF to support respite and critical care programs at Bear Cottage. Head of fundraising at Bear Cottage Claire McCarthy confirmed that the most recent ASF donation of $25,000 in January 2017, was gratefully received by Bear Cottage as their occupancy rates continue to increase.
While Bear Cottage receives some Government funding, they heavily rely on corporate and community support to meet annual operating costs of $4 million per year. It currently costs up to $10,000 per week for a family of four to stay at Bear Cottage and the donations from the ASF have gone directly to support critical respite and end of life care. In 2016 Bear Cottage provided end of life care to 25 families who were supported and cared for by our expert and highly trained palliative care staff. ASF funding provides families with peace of mind and reassurance in the knowledge that there is no time restriction on their stay which is crucial at such a challenging time.
For many families caring for a child with a terminal or life-limiting illness, a visit to Bear Cottage provides a rare opportunity for them to spend quality time together. During their stay, families are encouraged to relax without having to think about cooking, cleaning and daily chores. Be it a visit to the beach or a trip on the Manly ferry, the Bear Cottage team work closely to ensure the psychosocial needs of the entire family are met.
By the continuing support and donations from ASF, Bear Cottage are able to deliver expert care to their patients and provide support to families. Many families at Bear Cottage after the death of their child remain connected to Bear Cottage by attending the family Christmas party and annual sibling and bereavement camps. Many families have formed strong connections at Bear Cottage and thus the circle of love and support continues to expand as many families find friendship and comfort in each other.
Sponsor in Focus
Ascot Securities, a participant of the Australian Securities Exchange, are a provider of a broad range of financial services to wholesale, institutional and retail clients. With nearly 20 years of experience, Ascot Securities provides a unique and specialised level of service with expertise that is specifically tailored to the needs of the individual client.
Ascot Securities are part of the Australian Amalgamated Investment Group (AAIG) which offers a wide range of financial services to wholesale and financial advisory clients including stockbroking, financial planning, corporate, funds management and research services as part of their overall Wealth Management solution. In addition to this, Ascot is able to offer Research coverage on over 300 listed companies through highly regarded analysts both internal and from a leading and respected global research provider.
Commenting on the Platinum Sponsorship, Ascot Securities Managing Director, Matt Roberts says:
“We are proud to be sponsors of the Australian Stockbrokers Foundation’s Stockbroker Awards for the second year running. As an Australian organisation, it is important to support local charities and non-profit organisations. Over the years, these events have raised millions of dollars for those less fortunate in the community. We are looking forward to contributing for the second year in a row”.
Every year our Platinum Sponsors play a large role in helping us make the night such a success and enabling the Australian Stockbrokers Foundation to raise significant donations for our chosen charities.
Hall of Fame 2016 – Doug Hall Clark Jnr
Source: The Australian
Douglas Hall Clark Jnr has tackled all the material reforms in the regulation of financial services that have ‘touched’ the stockbroking industry over the past 20 years.
Doug represented us on:
- the Financial Services Reform Act (FSRA), which rewrote Chapter 7 of the Corporations Act (implemented 2002-2004);
- implementation of Conflict Management and MDA Services requirements (2004);
- the staged implementation of the Anti-Money Laundering & Counter-Terrorism Financing Act (from 2006);
- the various responses to the GFC, such as the Short Selling and Margin Lending reforms;
- the transition of Market Supervision (and its industry funding) from ASX to ASIC (2010),
- the implementation of Market Integrity Rules to enable competition in the Market for ASX-traded products,
- the review of Capital Adequacy requirements for Market Participants;
- reviews of the Insider Trading prohibitions, Research Services, Wholesale Client thresholds and ASIC’s powers;
- policy developments in relation to High Frequency/Algorithmic Trading and Dark Pools; and
- all the FoFA reforms.
Many of you will have come across Doug in your courses on being RO’s & RE’s. He chaired frequent meetings of the SAA’s Compliance Committee, and has been a member of many working groups convened for particular policy development purposes.
On behalf of the industry, we congratulate Doug on his contribution to the industry and his induction into the Australian Stockbrokers Foundation Hall of Fame.
Thank you to all our sponsors,
winners and attendees at the
2016 Stockbrokers Awards.
To view photos of the night please visit us on Facebook
Part 1 CLICK HERE
Part 2 CLICK HERE
To view the list of 2016 winners CLICK HERE