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Showing 41 - 50 of 226 results for "Millennial"

Popularity soars for managed accounts

CHLOE WALKER  |  TUESDAY, 22 MAR 2022
More than ever, financial advisers are turning to managed accounts to better take care of client funds, according to SPDR ETFs and Investment Trends most recent report. According to the research, more than half (53%) of financial advisers are now using ...

Generational home ownership gap widens

JAMIE WILLIAMSON  |  TUESDAY, 22 MAR 2022
New research shows how extensive the generational gap is when it comes to home ownership in Australia, with young Aussies living with mum and dad much longer than previous generations. A survey of more than 1000 Australians by Finder sought to find ...

Hostplus, Statewide provide merger details

JAMIE WILLIAMSON  |  THURSDAY, 10 MAR 2022
... Interestingly, while Statewide has far fewer members, millennials comprise only 35% while Hostplus is predominantly millennial at 53%, seeing a slight shift in demographics for the fund. In merging, Statewide members will have access to more investment ...

Women own $1.2tn in super: Research

CHLOE WALKER  |  TUESDAY, 8 MAR 2022
About $1.2 trillion of the total superannuation savings held by Australians belongs to women, with most held by Australian Retirement Trust while Rest has the most female members. Rainmaker Information analysis of super fund information published by ...

Online investor numbers continue to climb: Investment Trends

CHLOE WALKER  |  THURSDAY, 3 MAR 2022
An in-depth study of the attitudes and preferences of online equities and ETF investors in Australia reveals that the number of online investors significantly increased in the second half of 2021, albeit at a slower pace than the year prior. Investment ...

GigSuper folds, administrator takes over

KARREN VERGARA  |  MONDAY, 21 FEB 2022
... of self-employer superannuation and grow to 60,000 members and over $2 billion in total assets by 2026. A barrage of Millennial super funds launched around the same time as GigSuper. Rainmaker Information estimated that in 2019, this sector controlled ...

Aussies shell out $51m on crypto fees

KARREN VERGARA  |  MONDAY, 31 JAN 2022
Australians have forked out $50.9 million on cryptocurrency trading fees as more intend to invest in this asset class. According to Finder, Bitcoin charges a fee of 0.6% based on the purchase price for parcels less than $10,000, while some exchanges ...

UBS acquires Wealthfront, opens multicultural division

JAMIE WILLIAMSON  |  THURSDAY, 27 JAN 2022
... young people and multicultural investors. UBS has acquired Wealthfront, an automated wealth management platform serving millennial and Gen Z investors, for US$1.4 billion. Wealthfront has more than US$27 billion in assets under management and close to ...

Millennials fastest growing SMSF cohort

ELIZABETH MCARTHUR  |  THURSDAY, 11 NOV 2021
Millennials (born 1981 to 1996) represent the fastest growing segment of new SMSF accounts. This is according to new data from AUSIEX, which found during the first quarter of this financial year there was a 9.3% increase in new SMSF accounts opened ...

Wealthwise acquires holistic advice firm

KARREN VERGARA  |  THURSDAY, 4 NOV 2021
... businesses but would consider deals on an opportunistic basis, particularly those that could provide greater exposure to the millennial market. "We are increasingly focused on reaching young people through social media because they need quality advice ...