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Showing 1061 - 1070 of 4000 results for "Administration"

HUB24 lifts inflows, profit flat

ANNABELLE DICKSON  |  TUESDAY, 23 FEB 2021
... while group underlying EBITDA rose 41% to $16.4 million. Total FUA which includes the newly acquired Portfolio Administration and Reporting Service (PARS) from Ord Minnett, reached $31 billion. HUB24 chief executive Andrew Alcock said the results show ...

Netwealth cash margin could squeeze

KANIKA SOOD  |  FRIDAY, 19 FEB 2021
... kept to minimal. However, Carrig flagged the increased trading activity revenue which could normalise, and FUA administration is not expected to increase significantly in the second half of FY21 as new price is now fully implemented.

Mainstream to pay $5.1m settlement

KARREN VERGARA  |  FRIDAY, 19 FEB 2021
... Mainstream BPO is due to pay $5.1 million as part of a confidential settlement agreement affecting its US hedge fund administration subsidiary. The ASX-listed firm said it agreed to pay US$3.95 million to a US District Court-appointed receiver of a legacy ...

Netwealth boosts profit, FUA

ANNABELLE DICKSON  |  WEDNESDAY, 17 FEB 2021
The platform provider posted a 34.5% increase in statutory profit and a $4.5 billion rise in funds under administration in its half-year results. Netwealth's statutory profit reached $27.6 million and funds under administration grew to $38.8 billion ...

Fiducian profit, growth jump

ANNABELLE DICKSON  |  MONDAY, 15 FEB 2021
... Group recorded a 7% increase in net profit to $5.7 million and a steady rise in funds under management, advice and administration (FUMAA) in its half-year results. The group which includes funds management, financial advice and corporate and platform ...

Aussie super funds and Biden's US infra push

KARREN VERGARA  |  FRIDAY, 12 FEB 2021
The Biden administration is putting a $3 trillion infrastructure investment opportunity on the table, which superannuation funds should seize. This is according to Australia's ambassador to the US Arthur Sinodinos, who flagged that the largest capital ...

BNY to launch crypto admin platform

KARREN VERGARA  |  FRIDAY, 12 FEB 2021
... Demissie as head of advanced solutions, is currently developing the prototype for the multi-asset digital custody and administration platform. Demissie said the new unit aims to provide secure infrastructure for transferring, safekeeping and issuing ...

Industry funds pool $61bn of assets

KARREN VERGARA  |  THURSDAY, 11 FEB 2021
... final board approval. Maritime Super chief executive Peter Robertson told Financial Standard that the branding, administration services, boards of the two funds, and insurance will remain as is. Maritime is aligned to Hostplus on many levels, they have ...

Ethical fund awards registry mandate

ANNABELLE DICKSON  |  WEDNESDAY, 10 FEB 2021
An ethical fund manager has appointed OneVue to provide administration services including unit registry for its suite of funds. U Ethical Investors has over $1 billion in funds under management which it is transitioning to an outsourced administration ...

Praemium profit, growth up

ANNABELLE DICKSON  |  WEDNESDAY, 10 FEB 2021
... million, 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 ...