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| | | ... 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 ... |
| | | | ... 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 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 ... |
| | | | ... 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 ... |
| | | | ... 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 ... |
| | | | ... 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. ... |
| | | | ... 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 ... |
| | | | 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 ... |
| | | | ... 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 ... |
| | | | ... 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). ... |
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