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Showing 1251 - 1260 of 3401 results for "Revenue"

Deutsche chief to buy shares amid turmoil

ELIZABETH MCARTHUR  |  TUESDAY, 9 JUL 2019
... isn't the case. "We want to put the resources where we can win... and we will do that globally. We will have $5 billion in revenue in the US, the US is the second most important country after Germany," Sewing said. "We will grow in Asia but saying goodbye ...

HUB24 defends cash accounts

KARREN VERGARA  |  THURSDAY, 4 JUL 2019
... -0.06% on a cash investment after the rate cut. HUB24 would negotiate a 1.75% interest rate and earn 1.25% of this as revenue, while account holders will receive 0.5% - as well as pay 0.56% in admin fees, the article said. HUB24 said the platform administration ...

ASIC to offer AFSL relief to overseas firms

HARRISON WORLEY  |  THURSDAY, 4 JUL 2019
... foreign financial services providers (FFSP) from earning any more than 10% of their annual aggregated consolidated gross revenue from the provision of funds management financial services in Australia. If FFSPs eclipse that amount, they will still be ...

Modern slavery rife across sectors: Fund manager

KARREN VERGARA  |  MONDAY, 1 JUL 2019
... substandard working conditions and underpaying staff. Starting this week, companies that earn $100 million or more in revenue must identify and address modern slavery risks across supply chains. These annual statements are made publicly online. The idea ...

Reforms see super fees in flux

HARRISON WORLEY  |  MONDAY, 1 JUL 2019
... for longer than 16 months to the Australian Tax Office, some super funds face losing a significant portion of ongoing revenue. Several super funds, such as BUSSQ, have increased administration fees in response. Meanwhile others, like AustralianSuper ...

Chief economist update: Iron ore on the up and up

BENJAMIN ONG  |  MONDAY, 1 JUL 2019
... US$55/MT. At the very least, the increase in iron ore prices would provide a counterbalance to the reduced government revenue resulting from the weaker property market - allowing the Morrison Government to expand fiscal stimulus in tandem with the Reserve ...

Magellan renews fund administrator

KANIKA SOOD  |  WEDNESDAY, 26 JUN 2019
... Mainstream has 383 clients, 959 funds with $162.8 billion in total funds under administration at March end. It expects its FY19 revenue to be $46 million, up 22% from the previous financial year, according to market guidance provided on May 30.

Dealer group transitions to fee-based model

KARREN VERGARA  |  TUESDAY, 25 JUN 2019
... the impact of the Hayne Royal Commission to remove grandfathered rebates by January 2021, Benbow said, adding the old revenue model was largely driven by grandfathered volume rebates and vertically integrated products. "After a phase-in period, the services ...

Advisers wary of ethical funds, launch own rating system

ELIZABETH MCARTHUR  |  WEDNESDAY, 5 JUN 2019
... enough to knock off half a leaf post-Royal Commission. Pengana's WHEB Sustainable Impact Fund lost a leaf because 6% of revenue from Rockwell Automatic comes from services to the oil and gas sector and because Pengana does not specialise in ethical ...

Spitfire acquires adviser platform, names chief

ELIZABETH MCARTHUR, KARREN VERGARA  |  MONDAY, 3 JUN 2019
... from our acquisition of Wealthtrac - an immediate boost to funds under management, the addition of substantial profitable revenue plus, the broad distribution network of self-licensed advisers who will support our future growth," Milne said.