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Showing 11 - 20 of 22 results for "FUA of"

Managed accounts continue rapid surge

JAMIE WILLIAMSON  |  WEDNESDAY, 22 MAR 2017
... accounts in their various forms have become. They now amount to the equivalent of nearly 7% of the platforms and wraps total FUA of around $600 billion." The census surveyed 35 companies of varying size, including major platforms, banks and single location ...

Retail FUA growth drives HUB24 profit

KERRIE SYDEE  |  MONDAY, 29 AUG 2016
... 94% to $3.31 billion in FY16, with the company recording a gross profit of $10.9 million, up 125%. HUB24 recorded total FUA of $3.78 billion at 30 June 2016, comprising retail FUA $3.31bn, new revenue streams for wholesale FUA of $313 million and reporting ...

CBA posts record profit despite dip from wealth division

MARK SMITH  |  WEDNESDAY, 10 AUG 2016
... administration increased 3% to $133 billion. The FirstChoice and Custom Solutions platforms experienced continued growth in average FUA of 4% and 10% respectively, reflecting positive net flows and positive investment market returns. Insurance income ...

CBA result boosted by wealth division

MARK SMITH  |  THURSDAY, 11 FEB 2016
... (FUA) increased 6% to $133 billion. The FirstChoice and Custom Solutions platforms experienced solid growth in average FUA of 7% and 15% respectively. Income from the CommInsure business was $300 million, up 20% year-on-year. Life insurance in-force ...

Fiducian acquires second Sydney practice

LAURA MILLAN  |  THURSDAY, 13 AUG 2015
... premises. The acquisition brings an additional $85 million in funds under advice under Fiducian, which will now manage FUA of $1.71 billion. "The acquisition is positive for Fiducian and any ongoing revenue synergy will be additional and should continue ...

IOOF reports growth across the board

JAMES FERNYHOUGH  |  TUESDAY, 25 FEB 2014
... investment management segment saw FUM growth of 8 %, hitting $30.6 billion. The advice segment saw comparable growth, hitting FUA of $31 billion. IOOF managing director Chris Kelaher said he was "very happy" with the results, adding: "Having coming through ...

Platforms surpass pre-GFC levels

LAURA MILLAN  |  MONDAY, 1 JUL 2013
... GFC, in September 2007, the latest Rainmaker Advantage report shows. Platforms hit their lowest point on March 2009, with FUA of $223 billion, but since then, they have experienced a 48% increase. BT Financial Group remains the largest platform administrator ...

Retirement platforms to become the new battleground

JAMES FERNYHOUGH  |  MONDAY, 27 MAY 2013
... major battleground for retail super funds, with funds under administration (FUA) of $125 billion in 2012. That compared to FUA of $96 billion in the retirement segment. However, with an ageing population, this battleground is set to shift to the retirement ...

Admin costs rise four-fold off-platform: research

ALICE URIBE  |  THURSDAY, 28 MAR 2013
... under advice (FUA) of $120 million. The other was an off-platform practice in regional New South Wales with 450 clients and FUA of around $200 million.

Praemium captures BlackRock's SMA business

LINDA HAUSKEN  |  WEDNESDAY, 19 SEP 2012
... business into the future. Michael Ohanessian chief executive of Praemium, which is administering approximately $43 billion FUA of assets in Australia, added that this transaction marks an important milestone for the firm. "Until now our Australian business ...