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| | | ... performance fee revenue slid 63% and recent investments drew a loss of $41.8 million. MFG ended FY21 with $103.7 billion in average funds under management, up 9% from FY20. In its funds management business, performance fee revenue was $30.1 million (down ... |
| | | | Locally available managed funds investing in large cap global shares tallied 28.6% in median returns for the year ending June, but funds from Forager and Loftus Peak reported big gains, according to Rainmaker research. The median outperformance in the ... |
| | | | ... in conjunction with their adviser, to construct an investment portfolio to suit their particular needs," he said. The average age of members is 62, while the average account balance is about $280,000. The flagship Fiducian Balanced Fund returned 21.8% ... |
| | | | ... performed much better. The May level two exam had a pass rate of 40% and level three had a pass rate of 42%. The 10-year average pass rate for level three is 53% and the overall pass rate since the inception of the exam in 1963 is 57%. The 42% pass rate ... |
| | | | ... domestic and global fund manager members on gender diversity in their investment teams. The survey showed that women on average make up 25% of investment teams," FSC chief executive Sally Loane said. "While this is a solid result, and a significant improvement ... |
| | | | ... equivalent to the increase in the Consumer Price Index (CPI), or 1.1% in the 12 months to March 2021. In contrast, the average investment return of superannuation funds is usually around 7%, with the year to June 2021 returning an extraordinary 20%. ... |
| | | | ... Iress at a 45.3% premium to its undisturbed share price of $10.95 on June 9 and a 61.2% increase to the volume weighted average price ($9.87) for the three months to June 9. The Iress board said it believes it is in the best interest of shareholders ... |
| | | | ... 20% increase overall in requests for risk and compliance professionals since the Royal Commission," Chisholm said. The average salary for roles Kaizen observed in the market last quarter was $139,000 and the highest salary it saw was $300,000. And, in ... |
| | | | ... the government now wants super fund to be only tested on last year's administration fees instead of eight years' average in the APRA performance test. The bill passed the Parliament on June 17, with the first set of legislation coming into effect ... |
| | | | ... opposed to through a retrospective review or a regular audit program." "Asendium removes all paraplanning costs, which on average cost advisers $500 per client. This means every adviser can have their documents reviewed before going to the client, and ... |
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