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Showing 1061 - 1070 of 3369 results for "Mandate"

New super fund targets millennials

ELIZABETH MCARTHUR  |  TUESDAY, 21 JAN 2020
A newly launched sub-plan of Aracon Super has officially launched, marketed to millennials with a PDS revealing relatively high fees, expensive insurance and big ambitions. Elevate Super launched today, after Financial Standard revealed its plans last ...

Family office manager hires Discovery director

KANIKA SOOD  |  FRIDAY, 17 JAN 2020
... shut down around June last year as its co-founder Stuart Jordan decided to retire and a superannuation fund yanked back a mandate, the AFR reported. Discovery was not the only boutique to shut last year. At least eight boutiques indicated intention to ...

J.P. Morgan wins custody mandate

ELIZABETH MCARTHUR  |  THURSDAY, 16 JAN 2020
J.P. Morgan has won a mandate to provide custodial services to an ASX-listed platform and superannuation provider.In a quarterly business update, Xplore Wealth revealed it has a new custodial agreement contract with J.P. Morgan. Xplore said the new ...

Powerwrap finds new line of business

KANIKA SOOD  |  THURSDAY, 16 JAN 2020
Powerwrap has signed an agreement in what could be its second-biggest client after Escala Partners and a new line of business for the platform. A US company that distributes alternative funds to financial advisers has mandated Powerwrap to provide its ...

PIMCO a hit with Aussie instos

KANIKA SOOD  |  WEDNESDAY, 15 JAN 2020
PIMCO has emerged as the manager that won the most institutional money in Australia for the year ending September, according to data from more than 5000 mandates compiled by Rainmaker Information. The global manager raised $3.7 billion -- most of it ...

Super fund rebrands

JAMIE WILLIAMSON  |  TUESDAY, 14 JAN 2020
... calls each week. However, the problem was exacerbated last year when Mercer, ElectricSuper's administrator, won the mandate to provide admin services to the other fund too in late 2018. "That made things much more difficult," Szuster said. The fund ...

Gardior adds board directors

JAMIE WILLIAMSON  |  TUESDAY, 14 JAN 2020
Two executives from Macquarie Infrastructure and Real Assets have joined the board of Gardior after winning the mandate to manage The Infrastructure Fund in late 2018. Head of MIRA Australia Grant Smith and head of MIRA Asia-Pacific Frank Kwok joined ...

Index investment soars: Research

ELIZABETH MCARTHUR  |  TUESDAY, 14 JAN 2020
New research from Rainmaker Information has revealed indexed investments in the Australian market grew by 22% in the year to September 2019, surging to more than $500 billion. Indexed investments grew by 22% over the period, twice as fast as active ...

RBA crushes hopes of Libra launch

ALLY SELBY  |  FRIDAY, 10 JAN 2020
The Reserve Bank of Australia will not allow tech giant Facebook to launch its cryptocurrency Libra in Australia until all risks and regulatory requirements have been mitigated. And even if these regulatory requirements were met there wouldn't be ...

Advice group partners with new platform

JAMIE WILLIAMSON  |  WEDNESDAY, 8 JAN 2020
An ASX-listed platform provider has won a mandate from a Melbourne-based private wealth management firm. Wattle Partners Private Wealth Managers has selected Powerwrap to provide its clients with platform administration and reporting services as well ...