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Showing 11531 - 11540 of 22819 results for "Funds"

Fiducian acquires second Sydney practice

LAURA MILLAN  |  THURSDAY, 13 AUG 2015
... and the financial planners will relocate into the group's premises. The acquisition brings an additional $85 million in funds under advice under Fiducian, which will now manage FUA of $1.71 billion. "The acquisition is positive for Fiducian and any ongoing ...

New Calastone service automates distribution processing

MARK SMITH  |  WEDNESDAY, 12 AUG 2015
Global funds transaction network, Calastone, has launched its new automated distribution service, aimed at cutting out mistakes from manual input and shortening processing times. The distribution solution connects fund manager and client, standardising ...

CBA profit tops $9 billion

DARREN SNYDER  |  WEDNESDAY, 12 AUG 2015
... dollar stimulates investment by export-sensitive industries, to create jobs and stimulate consumer demand," Narev said. CBA's funds management income was flat on a headline basis at $1.9 million, but excluding the impact of property transactions and ...

GBST wealth management performance drives 52% profit boost

ALEX BURKE  |  WEDNESDAY, 12 AUG 2015
... showing a 52% boost in net profit to $15.3 million. Revenue in subsidiary GBST Wealth Management, which provides the Composer funds administration platform, grew by 4% in Australia to $19 million, while UK sales grew significantly - up 41% to $50.1 million. ...

Fee pressure turns super funds to smart beta

LAURA MILLAN  |  WEDNESDAY, 12 AUG 2015
Pressure to lower fees is forcing superannuation funds to look for new ways to deliver returns at a low cost and some are starting to think the solution might be in smart beta. Head of HSBC Global Asset Management in Australia, Geoffrey Pidgeon, told ...

Findex appoints former ANZ exec

ALEX BURKE  |  WEDNESDAY, 12 AUG 2015
... driven by championing the client. This approach is in total alignment with the Findex philosophy." Findex has $17 billion in funds under advice and recently acquired private wealth firm Martin Goodrich & Associates. It also announced that life insurance ...

Macquarie advisers defect to start independent firm

LAURA MILLAN  |  WEDNESDAY, 12 AUG 2015
... Partners, a firm backed by Bennelong Wealth Partners, the wealth management arm of Bangarra Group, which also owns Bennelong Funds Management. Bennelong Wealth Partners will have a minority stake in the business, while the four former MPW advisers have ...

Magellan doubles profit, boosts FUM

LAURA MILLAN  |  TUESDAY, 11 AUG 2015
... reported a 110% increase in net profit for the year to 30 June 2015 mainly thanks to double digit returns in all of its funds. "The largest contributor to funds under management during the past was actually investment performance. Over 60% of the increase ...

Retail responsible investment up 24pct

DARREN SNYDER  |  TUESDAY, 11 AUG 2015
... only result in greater interest in these issues." The report said a significant shift is occurring whereby superannuation funds are increasingly applying multiple responsible investment strategies across their portfolios. "It is now not uncommon for ...

State Street boosts managed fund sales team

MARK SMITH  |  TUESDAY, 11 AUG 2015
... problems rather than simply creating products," Mitchell said. "During that time we have launched five actively managed funds - two benchmark unaware Australian and global equity strategies as well as three objective-based multi asset class funds. We ...