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Showing 1241 - 1250 of 6265 results for "Cash"

Buy-sell spreads higher for active and diversified ETFs: Rainmaker

KANIKA SOOD  |  MONDAY, 30 AUG 2021
... of ETFs. The highest buy-sell spreads are seen across active ETFs (median spread of 44bps) and hedge funds (38 bps), while cash products have the lowest number at 2bps median. The third-highest buy-sell spreads were seen across diversified ETFs (25bps) ...

Financial adviser levy to drop

JAMIE WILLIAMSON  |  MONDAY, 30 AUG 2021
... crisis," he said. "It was unjustifiable to expect advisers already dealing with this tsunami of reforms to have to find extra cash to fund a trebling of the levy over two years to support an industry funding model requiring small businesses to pick up ...

Maritime Super criticises unfair YFYS test

JAMIE WILLIAMSON  |  MONDAY, 30 AUG 2021
... place that was more defensive for our MySuper members, and when the Global Financial Crisis hit and 25% of members went to cash, that showed us that we had to be very conscious of liquidity management," he explains. Rather than investing in long-term ...

CountPlus profit plummets

ANNABELLE DICKSON  |  FRIDAY, 27 AUG 2021
... growth in our business is underpinned by the performance of our core CountPlus partner firms, the ability to deploy capital (cash and debt) to make the right acquisitions, the ability to grow Count Financial, our focus on values and culture, and most ...

IMAP names award winners

ANNABELLE DICKSON  |  FRIDAY, 27 AUG 2021
... Awards. During challenging investment periods with record high levels of investment market volatility and record low rates on cash, our strategy continues to deliver on its investment objective," RAM director and portfolio manager Michael Frearson said. ...

IOOF posts $143.5m loss for FY21

KANIKA SOOD  |  THURSDAY, 26 AUG 2021
... Underlying NPAT was $147.8 million (up 19%). Reported net loss after tax of $143.5 million was driven by previously reported non-cash impairment of $200 million, and integration expenses of the acquisitions. Gross margin slid 3bps to 37 bps as IOOF continued ...

Link profit slips

ANNABELLE DICKSON  |  THURSDAY, 26 AUG 2021
... impairment charge in its banking and credit management (BCM) division. The administration software business recorded a non-cash impairment charge of $182.8 million against the goodwill and software assets of the BCM business. The charge was based on ...

ClearView offloads advice unit

KARREN VERGARA  |  WEDNESDAY, 25 AUG 2021
... anticipated occur around October 31. The purchase will be financed by the issue $12 million in escrowed Centrepoint shares and a cash consideration of $3.2 million. The CFA and Matrix dealer groups had 175 financial advisers operating under their licences ...

VGI Partners posts $43m in June half profits

KANIKA SOOD  |  TUESDAY, 24 AUG 2021
... invested in its client-facing platform, and implemented a new accounting system, a new exception management system, a new cash management system from Hazeltree, and a new trading cycle software Enfusion. It is migrating to cloud-based systems across ...

ASIC settlement hits E&P profits

KANIKA SOOD  |  TUESDAY, 24 AUG 2021
... driven by lower contribution from its real asset strategies and funds. Statutory loss of $18.8 million was led by $11.2 non-cash impairment of goodwill in E&P Wealth, its costs of takeover defence against 360 Capital and costs of the ASIC action against ...