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How will Division 296 Tax impact farmers?

CHLOE WALKER  |  THURSDAY, 22 FEB 2024
... farmers are generally holding to make a capital gain on down the track - it's something that is quite often passed to the next generation," Timms said. "Therefore, they don't generate the same income as another asset just because the market value ...

Advisers should have an AI plan: Netwealth

CHLOE WALKER  |  THURSDAY, 22 FEB 2024
... mean by that is don't use technology for technology's sake," Braun said. "It's easy to get caught up with the next shiny new toy. So, identify some problems in your business, identify some goals you want to achieve with it and see if AI can ...

Super contribution caps to rise on July 1

JAMIE WILLIAMSON  |  THURSDAY, 22 FEB 2024
... off the taxpayer by reducing demand for the Age Pension, so those who are in a position to make use of the increased limits next financial year should give serious consideration to doing so," he said. "Wages have been climbing at a relatively quick rate ...

Insignia details transformation progress

JAMIE WILLIAMSON  |  THURSDAY, 22 FEB 2024
... Rhombus Advisory is progressing, with adviser sentiment positive. It is on-track for profitability and separation this time next year, it said. Meanwhile, a deal to sell its stake in Godfrey Pembroke was officially signed this month, with a view to being ...

Iress reports $137m loss in 'challenging year'

ANDREW MCKEAN  |  WEDNESDAY, 21 FEB 2024
... development, and dividend policy. Its goal is to lower its leverage ratio from 2.5x to a target range of 1x to 1.5x over the next year. Iress will consider resuming dividends when the company achieves its target leverage range. Despite ostensible challenges ...

Global X ETFs appoints new chief executive from Goldman Sachs

ANDREW MCKEAN  |  WEDNESDAY, 21 FEB 2024
... strategic, growth-oriented mindset to Global X, and we are excited to have him on board to help take the business to its next level," he said. As of February 2024, Global X held $43 billion in assets under management.

Economists share their top left field ideas for 2024

JAMIE WILLIAMSON  |  TUESDAY, 20 FEB 2024
... expecting a different result is madness, and that maybe this actually leads to common sense and a better environment over the next five to 10 years... A more sedate Middle East would be a very positive game changer for the world in general." Meantime ...

VanEck failed to disclose influencer's role in ETF launch: SEC

JAMIE WILLIAMSON  |  MONDAY, 19 FEB 2024
VanEck will pay US$1.75 million ($2.7m) to settle a case brought by the Securities and Exchange Commission, which alleged the investment manager failed to disclose the involvement of an influencer in the launch of an ETF in 2021. In the US, VanEck Associates ...

Platforms ramp up innovation, back-end efficiencies

KARREN VERGARA  |  FRIDAY, 16 FEB 2024
... administrative burden, such as effort in generating reports," he said. HUB24's Discover and CFS's Edge Accelerate are examples of next-generation propositions with cheaper SMA-based menus. These offerings, he said, leverage scale and manager relationships ...

Dexus results mixed prior to Steinberg's exit

CHLOE WALKER  |  WEDNESDAY, 14 FEB 2024
... Steinberg's impending departure marks the end of an era, with Ross Du Vernet set to assume the role of chief executive next month. Reflecting on his tenure, Steinberg expressed gratitude for what he called the privilege of leading Dexus over the ...