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Showing 101 - 110 of 1525 results for "First Time"

Custody assets exceed $5tn milestone

JAMIE WILLIAMSON  |  TUESDAY, 13 AUG 2024
While assets under custody have climbed in Australia, surpassing $5 trillion for the first time, some key players have seen theirs take a dive. Tallying up the assets under custody in Australia to June 30, the Australian Custodial Services Association ...

Australia sees jump in zombie companies

ELIZA BAVIN  |  THURSDAY, 8 AUG 2024
... addition, ASIC's annual insolvency data found more than 11,000 companies entered external administration for the first time in 2023-24. Overall, the number of external administrations grew by 39% in 2023-24 compared to 2022-23.

Family offices face more complex challenges: Ocorian

ANDREW MCKEAN  |  WEDNESDAY, 7 AUG 2024
... succession plans, while a similar number (48%) strengthened their family constitution or charter; or introduced one for the first time. Ocorian also said that almost half (46%) of family offices had secured the support of more professional third parties ...

No one immune to cost-of-living pain: ABS

ELIZA BAVIN  |  WEDNESDAY, 7 AUG 2024
... depending on the spending patterns of different household types - higher than the 1% rise in inflation. "This is the first time since December 2010 that increases in living costs for all household types were higher than the increase in the CPI," Marquardt ...

The four Ds to watch in the decades to come: La Trobe

JAMIE WILLIAMSON  |  WEDNESDAY, 31 JUL 2024
... credit," he noted, describing it as a "second order impact from the Global Financial Crisis." Just recently, and for the first time ever, the amount of passively managed assets on US stock exchanges is now greater than that which is actively managed. ...

More than 11k businesses call in administrators

MATTHEW WAI  |  FRIDAY, 26 JUL 2024
ASIC's annual insolvency data shows more than 11,000 companies entered external administration for the first time last financial year. While the figure is higher than previous peaks in 2011-12 and 2012-13, ASIC clarified that there are more businesses ...

Generation Development Group corrals complete ownership of Lonsec

ANDREW MCKEAN  |  TUESDAY, 23 JUL 2024
... FY25. We've seen more significant increases in active advisers each moth that in previous financial years. This is the first time we've been able to achieve this and gives us confidence that we'll continue to grow the business into FY25," Generation ...

SEC gives final approval for Ethereum ETFs

ELIZA BAVIN  |  TUESDAY, 23 JUL 2024
... another win for the digital currency industry. "Given the SEC sign-off required to launch, these advisors can for the first time consider a second crypto asset ETH, without having to worry about regulatory uncertainty or future regulatory ramifications," ...

FICAP to support Aussie icon in 2024

JAMIE WILLIAMSON  |  THURSDAY, 18 JUL 2024
... financial services industry professionals sing their hearts out as they vie for the coveted RockStar trophy. For the first time, the ultimate winner of the event will be gifted a business class ticket to Auckland, New Zealand to take part in a similar ...

Data concerns land Fiducian with additional licence conditions

JAMIE WILLIAMSON  |  TUESDAY, 16 JUL 2024
... and Fiducian Ultra Growth Fund which, as trustee-directed products, were assessed under the performance test for the first time last year and all passed. Under the new conditions, Fiducian must ensure that an expert reviews the accuracy and completeness ...