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Showing 81 - 90 of 330 results for "FUA"

Netwealth FUA crosses $40 billion

KANIKA SOOD  |  FRIDAY, 16 APR 2021
... 2021 with $41.8 billion in funds under administration, an increase of 50% over the prior corresponding period. Net inflows in FUA slowed down from $3.2 billion in previous corresponding period to $2.3 billion. Netwealth attributed this to $900 million ...

Managed accounts prop up platforms

ANNABELLE DICKSON  |  FRIDAY, 16 APR 2021
... for wraps. BT remains the largest ownership group in the platform market with $139 billion in funds under administration (FUA), making up 19% of the platform market at the end of December 2020. It is followed by AMP and Colonial First State with $126 ...

Praemium FUA up, opens Edinburgh office

ANNABELLE DICKSON  |  THURSDAY, 15 APR 2021
The platform has recorded increased funds under administration (FUA) of $37.9 billion as it expands its presence in the UK with the opening of an office in Edinburgh, Scotland. For the March quarter, Praemium recorded an 11% increase in FUA, and a 96% ...

HUB24 lifts inflows, profit flat

ANNABELLE DICKSON  |  TUESDAY, 23 FEB 2021
... to its half-year results. Platform inflows jumped 24% to $3.1 billion on the 12 months prior while funds under management (FUA) grew 39% to $22 billion and segment revenue grew 25% to $43.8 million. HUB24's statutory profit rose to just $6.1 million ...

Netwealth cash margin could squeeze

KANIKA SOOD  |  FRIDAY, 19 FEB 2021
... investors became more comfortable in moving back into the markets. At September end, they represented over 9% of Netwealth's total FUA. The platform provider yesterday reported strong growth in revenue and NPAT. Its inflows were strong as well and well-diversified ...

Mainstream to pay $5.1m settlement

KARREN VERGARA  |  FRIDAY, 19 FEB 2021
... which includes Australia, Singapore and Hong Kong, contributed 74% to total revenue. The Australian custody division's FUA grew 67% to $16.4 billion. The Americas (US and Cayman Islands) accounted for 20% of revenue, while Europe (Ireland, the Isle ...

Netwealth boosts profit, FUA

ANNABELLE DICKSON  |  WEDNESDAY, 17 FEB 2021
... year to reach between $8.5 billion and $9 billion. In addition, Netwealth noted its new pricing is fully implanted and an FUA administration fee is not expected to increase in the second half of the year. The platform recently announced that its longstanding ...

Fiducian profit, growth jump

ANNABELLE DICKSON  |  MONDAY, 15 FEB 2021
... half-year to $3.4 billion due to positive net inflows and the recovery in markets. Fiducian chair Indy Singh said the increase in FUA can be attributed to the strong relationship between planners and their clients. "In addition, substantial marketing ...

Praemium profit, growth up

ANNABELLE DICKSON  |  WEDNESDAY, 10 FEB 2021
... following the acquisition of Powerwrap. In its half-year results, Praemium reported a 69% jump in funds under administration (FUA) to $34.3 billion with its Australian platform FUA reaching a 132% increase to $16.4 billion and the international platform ...

Rest GM to head BT platforms

ELIZABETH MCARTHUR  |  THURSDAY, 4 FEB 2021
... said. "This is a key role in helping to lead BT's transformation agenda as we migrate clients from BT Wrap (over $55bn FUA) to one of Australia's contemporary and fastest-growing platforms BT Panorama (over $36bn FUA)." The first tranche of migrations ...