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Showing 101 - 110 of 330 results for "FUA"

Praemium shows growth in crisis

ELIZA BAVIN  |  FRIDAY, 14 AUG 2020
... the acquisition will complement the existing business' growth strategy and product suite, with the merger set to increase FUA to over $28 billion. Chief executive Michael Ohanessian said despite ongoing challenges in 2020 it has also been a very productive ...

HUB24 wins out over Netwealth: Ord Minnett

KANIKA SOOD  |  TUESDAY, 21 JUL 2020
... levels, HUB is up just 15% despite producing higher relative flows through 4Q20 (NWL underlying 4Q20 flows were 5.5% of Mar-20 FUA vs 7.2% for HUB)." "NWL is trading on a lofty FY21 PE of 59x compared with its FY20-23 EPS CAGR of 19%, while HUB is on ...

Mainstream funds under custody up 79%

ALLY SELBY  |  TUESDAY, 21 JUL 2020
... quarter, with net funds increasing by 36 compared to March 2020. Over the past 12 months, its funds under administration (FuA) has lifted 14% to hit $196.6 billion, a $23.8 billion increase. During the quarter alone, Mainstream recorded a $9.5 billion ...

Specialist platforms prosper in June quarter

ALLY SELBY  |  MONDAY, 20 JUL 2020
... portfolios. High net worth specialist Powerwrap also released its results for the June quarter, with the platform reporting its FUA increased by $515 million from the March quarter and $351 million for the financial year. Despite Powerwrap signing two ...

Netwealth booms amid pandemic

ALLY SELBY  |  FRIDAY, 10 JUL 2020
... trade on Thursday to hit new all-time highs. It comes despite negative market movement wiping $900 million from the platform. FUA as of June 30 lifted 35% to $31.5 billion, an increase of $8.2 billion for the financial year. Netwealth saw record net ...

HUB24 net inflows up 72%

ALLY SELBY  |  WEDNESDAY, 22 APR 2020
... 4.6% since December 31. The platform pointed to negative movements in markets to account for a $2.1 billion, or 13.2% fall in FUA since the beginning of the year, however, it said that FUA on the platform is not fully correlated to movements in equity ...

WealthO2 appoints national BDM

ALLY SELBY  |  WEDNESDAY, 4 MAR 2020
... new efficiencies and savings through technology," she said. "WealthO2 is the fastest growing adviser platform solution on an FUA basis, with close to $2 billion in FUA. "Our new appointments all have a proven track record of success, and their combined ...

Bell FG appoints director, releases FY results

ALLY SELBY  |  FRIDAY, 21 FEB 2020
... "2019 was another successful year for Bell Financial Group. Our various revenue streams grew strongly, our funds under advice (FUA) are at record levels and our closing share price on December 31 was 40% higher than a year ago," he said. "All businesses ...

Netwealth gains $9.5bn, reveals expansion plans

ELIZABETH MCARTHUR  |  TUESDAY, 18 FEB 2020
... $9.5 billion in the first half of 2020, as the platform reveals plans to expand its distribution team. Netwealth reported FUA of $28.5 billion, an increase of $9.5 billion and net inflows for 1H2020 of $4.4 billion. Funds under management for the platform ...

Advice industry compresses

ELIZABETH MCARTHUR  |  TUESDAY, 11 FEB 2020
... accounts. Managed accounts funds under administration grew 39% last year alone to $63 billion - outgrowing wider platform FUA growth significantly. One third of the non-super investment market is now concentrated in managed accounts. Five of the 10 fastest ...