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Showing 1251 - 1260 of 6211 results for "SIX"

Mergers prompt 13% fee drop

KARREN VERGARA  |  TUESDAY, 23 FEB 2021
... entities dropped by 13.4% on average. The consumer advocate group looked at eight mergers that occurred in 2019 and 2020; six were single successor fund and two involved consolidating but maintaining two distinct product offerings. SCA found that members ...

CountPlus profit down 53%

ANNABELLE DICKSON  |  TUESDAY, 23 FEB 2021
... drive client enquiry and assurance, household wealth across Australia continues to grow." In addition, CountPlus completed six tuck-in acquisitions in the six months to 31 December 2020 including Ascent Private Wealth, Freedom Accounting Group, CBD Wealth ...

HUB24, Netwealth top platform rankings

JAMIE WILLIAMSON  |  MONDAY, 22 FEB 2021
... functionality with a total score of 89%, just beating Netwealth on 88.9%. Investment Trends said HUB24 scored highly across all six metrics measured, while Netwealth scored highly across four of the six. "The narrow difference in overall platform functionality ...

Investors on red alert despite vaccines

KARREN VERGARA  |  MONDAY, 22 FEB 2021
... Investment Managers' annual 2021 Professional Fund Buyer Outlook, conducted between November and December 2020, shows six in 10 participants believe the COVID-19 new normal is here to stay. Two-thirds expressed a more pessimistic outlook, believing ...

ATO targets SMSF fraud

ANNABELLE DICKSON  |  MONDAY, 22 FEB 2021
... explained. The ATO identified 18 stolen identities being used to establish 12 SMSFs worth around $2 million in super in the first six months of the financial year. Micale said it is critical for advisers to safeguard client details and alert the ATO ...

Iress names chair, profit slides

ANNABELLE DICKSON  |  THURSDAY, 18 FEB 2021
... his place. Tony D'Aloisio will step down as chair following the company's annual general meeting in May, having spent over six years in the position. Roger Sharp has been named as D'Aloisio's replacement. He has over 35 years' experience in governance ...

J.P. Morgan dominates custody market

KARREN VERGARA  |  THURSDAY, 18 FEB 2021
... Clearstream ($70.9bn), Netwealth ($38.8bn) and BNY Mellon ($25.9bn). With total assets under custody growing 7.4% over the six months, ACSA chief executive Robert J Brown attributed the rebound to improving market returns. "Looking behind the numbers ...

Charter Hall bleeds profits, appoints director

ANNABELLE DICKSON  |  WEDNESDAY, 17 FEB 2021
... the 12 months prior and EBITDA dropped 45.1% to $164.7 million. Funds under management grew 14.4% to $46.4 billion in the six months to 31 December with growth across all three sectors: wholesale, listed and retail. The property portfolio increased by ...

Iress hires head of corporate development

KANIKA SOOD  |  TUESDAY, 16 FEB 2021
... industry and am pleased to secure his expertise in realising this significant opportunity." Angus previously spent nearly six years at AMP as its director of corporate development, 10 years at Computershare and about 12 years at EY. At Computershare ...

Financial services sees improved mental health

ELIZA BAVIN  |  MONDAY, 15 FEB 2021
Despite the trials and tribulations brought on by COVID-19, those working in the financial services industry overall saw an increase in mental health, according to SuperFriend. The financial and insurance services industries climbed from sixth place ...