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Showing 11 - 20 of 330 results for "FUA"

NAB, Jarden to launch NZ wealth business

CHLOE WALKER  |  THURSDAY, 14 DEC 2023
... payments to NAB and Jarden. The new firm will boast a total of 113 advisers, with NZ$29 billion of funds under administration (FUA) and NZ$15 billion of funds under management (FUM), which includes NZ$5 billion of KiwiSaver FUM. It will be led by Malcolm ...

Insignia Financial finds buyer for Millennium3

CASSANDRA BALDINI  |  TUESDAY, 21 NOV 2023
... tax to the group on an annualised basis. Further, WTL said the M3 network will add circa $5 billion in funds under advice (FUA) and more than $150 million of in-force risk insurance premium, bringing its FUA to $23 billion and in-force premium to $470 ...

Clime IM doubles down on strategy, taps into AI

ANDREW MCKEAN  |  MONDAY, 30 OCT 2023
... its FUM to $1.25 billion for the September 2023 quarter, a 1.8% decrease from the preceding quarter. Its funds under advice (FUA) settled at $4.3 billion, indicative of a 2% quarter-over-quarter contraction. In a statement, Clime noted that the transition ...

HUB24 farewells longstanding chair

CHLOE WALKER  |  TUESDAY, 24 OCT 2023
... to work with the talented team at HUB24 during this period of strong growth in the business as funds under administration (FUA) increased from $150 million to now over $80 billion, and revenue has grown at a compound annual growth rate of 62% over the ...

Netwealth to distribute private markets offering

ANDREW MCKEAN  |  THURSDAY, 19 OCT 2023
... Netwealth also disclosed its quarterly business update to the ASX, revealing a large increase in funds under administration (FUA) from $1.7 billion for the September quarter, despite a negative market movement of $0.4 billion. Netwealth's FUA has now ...

Nanuk hires from Ellerston

KARREN VERGARA  |  MONDAY, 25 SEP 2023
... in Nanuk's active ETF and managed fund coupled with the recent launch of an AUD currency hedged unit class leading to FUA exceeding $700 million. This interest has been fuelled by heightened demand from investors and advisers seeking deeper engagement ...

Causeway PM, H&G form joint venture

CASSANDRA BALDINI  |  MONDAY, 11 SEP 2023
... inception and has steadily accumulated approximately $600 million in funds under management (FUM) and funds under advice (FUA) since 2018. It attributed FUM and FUA growth to servicing a small, select group of private, wholesale, and institutional investors. ...

Praemium reports strong growth in FY23

CHLOE WALKER  |  TUESDAY, 29 AUG 2023
... Meantime, its net profit after tax was $15.2 million. The investment platform now has $44.0 billion in funds under administration (FUA), up 9% on the year prior. It saw net inflows of $1.4 billion. As at June 30, Praemium's separately managed accounts ...

HUB24 profits surge 64%

CHLOE WALKER  |  TUESDAY, 22 AUG 2023
... recorded a statutory NPAT of $38.2 million in FY23, up 160% from the previous year. Meantime, total funds under administration (FUA) rose 23% to $80.3 billion. "FY23 has been another successful year for the HUB24 Group with strong FUA growth and operational ...

Madison FG, Godfrey Pembroke's PDG combine services

KARREN VERGARA  |  THURSDAY, 17 AUG 2023
... billion in funds under management and over 130 advisers. Madison had 73 authorised representatives overseeing $3 billion of FUA at the end of June, according to ASIC's Financial Adviser Register. Godfrey Pembroke currently has 59 advisers. The Heads ...