Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1261 - 1270 of 4000 results for "administration"

IOOF sees surge in FUM

ELIZA BAVIN  |  FRIDAY, 1 MAY 2020
... businesses to drive efficiencies; improving outcomes for members, clients and shareholders." Portfolio and estate administration flows were in line with the prior corresponding period, with inflows of $180 million for the quarter. "We have continued ...

Chief economist update: Labor Day mayday

BENJAMIN ONG  |  FRIDAY, 1 MAY 2020
... (released on the same day) - the sharpest fall on record - seems like a drop in the bucket. Both the Fed and the Trump administration had been throwing money at the problem so it would go away. Still, the US economy contracted at a 4.8% annualised rate ...

CBA sells CommSec Adviser Services

ELIZABETH MCARTHUR  |  WEDNESDAY, 29 APR 2020
... employees will benefit from NRI's investment and ambition to be the market leader in wholesale broking and portfolio administration services," CBA executive general manager of CommSec Richard Burns said. The AUSIEX divestment excludes the Accelerator ...

Praemium adds Chi-X products

HARRISON WORLEY  |  MONDAY, 27 APR 2020
... access new investment options on Chi-X Australia." Ohanessian pointed out the "startling rise" of Praemium's VMA administration services (VMAAS), which exceeds $10 billion funds under advice and allows advisers to add the new Chi-X options without introducing ...

Industry fund redeploys executives

JAMIE WILLIAMSON  |  THURSDAY, 23 APR 2020
... Nathan Buttigieg into the role of chief - operations and product. As of this month, Buttigieg is now responsible for administration, insurance, advice and education, product development, technology and contracts, business development and employer engagement. ...

Dealer group AFSL in limbo

ALLY SELBY  |  THURSDAY, 23 APR 2020
... not sufficiently identify these issues." Two years later, in November 2019, the licensee was placed into external administration and a liquidator was appointed to help pay the creditors of MyPlanner Australia. "While MyPlanner Professional took some ...

HUB24 net inflows up 72%

ALLY SELBY  |  WEDNESDAY, 22 APR 2020
... to focus on "supporting existing clients and adapting business models for the current environment". Funds under administration for the period fell $0.7 billion to $15.1 billion, down 4.6% since December 31. The platform pointed to negative movements ...

BlackRock, BNP Paribas form strategic alliance

HARRISON WORLEY  |  WEDNESDAY, 22 APR 2020
... a fully integrated end-to-end investment management solution. The tie-in pairs BNP Paribas' middle office, fund administration and custody services capabilities with Aladdin's infrastructure, which allows the bank's securities services arm to leverage ...

Fiducian acquires advice practice

ELIZABETH MCARTHUR  |  WEDNESDAY, 22 APR 2020
... of franchises. The company says the expansion plans are expected to add $7.1 billion in funds under management, administration and advice total. "We continue supporting our trusted network of Fiducian financial planners to expand, even when most of Australia ...

Ethical fund manager wears $520m hit

HARRISON WORLEY  |  TUESDAY, 21 APR 2020
... medium-term opportunities that the COVID-19 crisis has uncovered". Earlier this month Australian Ethical cut the administration fee on its superannuation product by 12 basis points, as it looked to pass on scale benefits generated by the addition of ...