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Showing 1241 - 1250 of 8106 results for "Total"

Mercer fined $12m over advice failures

JAMIE WILLIAMSON  |  THURSDAY, 23 NOV 2023
... clients; issued over 3000 non-compliant fee disclosure statements to more than 2000 clients; and charged 761 clients a combined total of more than $4.7 million in fees for services not delivered. In total, close to $14.5 million in inappropriate ongoing ...

Macquarie brings long-awaited ETFs to market

CHLOE WALKER  |  WEDNESDAY, 22 NOV 2023
... Brett Lewthwaite, alongside senior portfolio managers David Hanna and Andrew Vonthethoff. Finally, MQWS targets a long-term total return that exceeds the MSCI World ex-Australia Index (in AUD unhedged) with net dividends reinvested, investing in companies ...

Scarcity Partners brings private equity investment model to Australia

ANDREW MCKEAN  |  WEDNESDAY, 22 NOV 2023
Scarcity Partners has launched a private equity investment model that enables investors to take direct equity stakes in investment and asset managers at the General Partner level. The Scarcity GP Access Fund, founded by asset management executives ...

AFCA secures $1.2bn in refunds

CASSANDRA BALDINI  |  TUESDAY, 21 NOV 2023
... over $340 million being distributed to 4.9 million people. Homing in on complaints, AFCA said it's received 402,346 in total, 97,000 of which were in the last financial year. Of the total complaints received, 68% were resolved by agreement, while ...

Robo-adviser reaches US$50bn milestone

KARREN VERGARA  |  MONDAY, 20 NOV 2023
... challenges that await include retaining or gaining customers, and finding ways to stem revenue contraction. KPMG valued total fintech investment at $349 million in the first half of 2023 - a sliver of the $3.3 billion made during 2022 - as investors ...

Australian Retirement Trust adds $12.3bn via CBA Group Super transfer

JAMIE WILLIAMSON  |  MONDAY, 20 NOV 2023
... agreement on June 27, before finally agreeing in full in with the signing of a successor fund transfer deed on October 20. In total, it will add 63,700 to ART's existing 2.3 million members, bringing $12.3 billion in retirement savings with them. ...

Uniseed partners with major Aussie universities

CASSANDRA BALDINI  |  WEDNESDAY, 15 NOV 2023
... remaining commitments of its existing members, contributing an additional $6.75 million to Uniseed Fund-3. This will bring the total fund size to $56.75 million. Considering the merger of new funds, and factoring in prior Fund-3 investments, there is ...

Super fund fees now at record low: Data

ANDREW MCKEAN  |  TUESDAY, 14 NOV 2023
Superannuation fees in Australia have reached a historic low, with the total expense ratio averaging 0.93% per annum, as per research from Rainmaker Information. Rainmaker Information's analysis of over 1500 superannuation fund fee options, spread across ...

Praemium partners for adviser insights

CHLOE WALKER  |  TUESDAY, 14 NOV 2023
... marketplace." Praemium is a current shareholder in Complii, holding almost 12 million shares (representing 2% of Complii's total ordinary shares). "We are looking forward to collaborating further with Complii," Orrock said. "We believe this partnership ...

Msquared Capital bolsters local team

CHLOE WALKER  |  TUESDAY, 14 NOV 2023
... booming. According to the Reserve Bank of Australia (RBA), non-bank lenders account for 5% of the financial system's total assets, issued in equal parts by registered financial corporations (RFCs) and managed investment funds (including hedge funds). ...