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Showing 1261 - 1270 of 8408 results for "Los"

Adviser numbers at five-year low

KARREN VERGARA  |  FRIDAY, 23 APR 2021
The financial adviser population has reverted to the pre-financial services Royal Commission days, ending at 20,667 in the first quarter of 2021. Rainmaker analysis of ASIC's Financial Adviser Register found that the total number of financial advisers ...

Chief economist update: The pause that refreshes

BENJAMIN ONG  |  WEDNESDAY, 21 APR 2021
The music has stopped, should we cease dancing? Two consecutive days of losses on Wall Street is a very long time in financial markets so much so that "pundits struggle to explain stocks stumble", according to the Australian Financial Review (AFR). ...

Best MySuper options by risk-adjusted returns

KANIKA SOOD  |  TUESDAY, 20 APR 2021
Australian Ethical, Aware Super and BUSSQ are the top three performers in MySuper, when risk adjusted returns are considered. Rainmaker calculated a combined risk-adjusted rank for MySuper options, incorporating their average percentile scores in Sharpe ...

Mawhinney banned for 20 years

ELIZABETH MCARTHUR  |  MONDAY, 19 APR 2021
The Federal Court has ruled that Mayfair 101 founder James Mawhinney cannot fundraise for or advertise financial products for 20 years. The judgement, delivered this morning, ordered that Mawhinney and any of his employees or any companies he is a part ...

State Street the largest institutional manager

KANIKA SOOD  |  MONDAY, 19 APR 2021
State Street Global Advisors took out first place in R ainmaker's latest rankings of local institutional investment managers by total assets to December end. State Street ended 2020 with $175.3 billion in institutional funds under management sourced ...

Bernie Madoff dies in prison

ELIZABETH MCARTHUR  |  THURSDAY, 15 APR 2021
The architect of the largest Ponzi scheme in US history has died in prison aged 82. Bernie Madoff had been serving his sentence at FMC Butner, an administrative security federal medical centre for male offenders located in North Carolina, at the time ...

Fidelity Investments to hire 1000 advisers

KARREN VERGARA  |  TUESDAY, 13 APR 2021
... bid to meet the skyrocketing demand for advice. The firm is expanding to over 20 locations across the US, including Seattle, Los Angeles, San Diego, Phoenix, Houston, Minneapolis, Chicago, Atlanta, Tampa, Charlotte, Orlando, Miami, Philadelphia, Detroit ...

NAB MySuper class action heads to Federal Court

JAMIE WILLIAMSON  |  MONDAY, 12 APR 2021
Maurice Blackburn's class action against MLC Nominees and NULIS Nominees has moved to the Federal Court, following a decision late last year. The class action brought by Maurice Blackburn against MLC Nominees and NULIS in January 2020 on behalf ...

Wholesale funds recover losses

ANNABELLE DICKSON  |  FRIDAY, 9 APR 2021
Wholesale funds finished 2020 with funds under management (FUM) down just 0.1%, recovering almost all the losses experienced as a result of COVID-19, new research from Plan For Life shows. The research revealed wholesale funds grew 5.4% in the December ...

Pensions for Purpose eyes Australia

KANIKA SOOD  |  WEDNESDAY, 7 APR 2021
The ESG-focused think tank has appointed an Australian distributor. It is looking to expand into Australia via a partnership with Melbourne third-party distributor AFM Investment Partners. AFM's founder and managing director John Donovan will join Pensions ...