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Showing 1271 - 1280 of 8462 results for "Managed"

Soros hands the reins to son

CHLOE WALKER  |  FRIDAY, 16 JUN 2023
... world and funnels approximately $2.2 billion annually to groups that promote democracy. It controls the majority of assets managed by Soros' family office. Alexander Soros, who goes by Alex, said the family's philanthropic enterprise will "boost ...

Australian Ethical selects new administrator

ANDREW MCKEAN  |  THURSDAY, 15 JUN 2023
... million. The investment manager saw $110 million in superannuation inflows, while experiencing a $20 million outflow from its managed funds product. During the same period, investment performance contributed $170 million of net growth. Australian Ethical ...

Pascoe Partners, OpenInvest launch online investing solution

CASSANDRA BALDINI  |  WEDNESDAY, 14 JUN 2023
... as an ethical portfolio. The accounting and advisory firm said all four portfolios require a minimum of $5000 and are managed by its financial planning and investment team. Pascoe Partners director Andras Hernadi said the launch aims to meet the needs ...

Sequoia backs budding investment manager

CASSANDRA BALDINI  |  TUESDAY, 13 JUN 2023
... classes to form either a balanced, growth or property style fund." The selection of the underlying investments will be managed by Hird, Sammut, Edmonds, and a team of external investment consultants. Before setting up the firm, Hird worked in financial ...

Treasury to scrap advice admin burdens, boosts intra-fund advice

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
... the review of time-sharing schemes (Recommendation 13.6), until Treasury's review into the regulatory framework for managed investment schemes. A boon for super funds Superannuation funds will be given more leeway to provide retirement advice and ...

Perth-based Ponzi scheme shut down by court

JAMIE WILLIAMSON  |  FRIDAY, 9 JUN 2023
... SMSFs and advised them to invest in property investments and developments set up by MKS Property. It was an unregistered managed investment scheme without a licence or required registration. ASIC alleged at least $11.3 million was invested, some was ...

Suncorp wage scandal comes to a head

ANDREW MCKEAN  |  FRIDAY, 9 JUN 2023
... systemic underpayments. The bank reported itself to the Fair Work Ombudsman in 2020. Addressing its wage debacle, Suncorp has managed to settle over 99% of the debt owed. This includes a $26 million reimbursement in wages and entitlements, $4.5 million ...

Advice practice valuations rise: Radar Results

KARREN VERGARA  |  FRIDAY, 9 JUN 2023
... that covers retail financial advice, superannuation, risk, and negative gearing currently has a market value of $20,000. Managed discretionary accounts plus a basic AFSL goes for $40,000. Forex trading plus a basic AFSL fetches $500,000 or more. There ...

SMSFs continue to fly solo

KARREN VERGARA  |  WEDNESDAY, 7 JUN 2023
Self-managed super fund trustees continue to shun the services of financial advisers despite the fact many concede they need expertise on regulation changes and investments. This is according to the latest Vanguard and Investment Trends 2023 SMSF Report ...

ASIC bans former Madison adviser

CASSANDRA BALDINI  |  TUESDAY, 6 JUN 2023
... Vick received the ban for recommending his clients roll over their existing superannuation to a newly established self-managed superannuation fund (SMSF) and borrow to invest in residential property. The regulator's surveillance of the former adviser ...