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| | | ... and unadvised) and nearly 200 financial advisers, found that financial advisers added at least 5.6% in value for clients over the past 12 months, according to its formula, which includes five different metrics. The formula includes appropriate asset ... |
| | | | ... extraordinary, particularly in the light of recent news about the collapse of Shield and First Guardian, potentially involving over $1 billion in consumer losses from their super," FAAA chief executive Sarah Abood said. "This scandal makes it clear that ... |
| | | | ... equities returned slightly better at 6.9% but also underperformed against its benchmark - the MSCI AC World Index (7.3%) - over the same period. At launch, Minderoo committed $100 million as a cornerstone investor in the fund. The fund operates with ... |
| | | | ... of managed accounts, together with process adjustments, increased the mandate universe from 2600 in December 2024 to just over 6000 in March. By asset class, this broke down into alternatives having the most mandates with 1525, followed by international ... |
| | | | Focus Financial Partners appoints a new executive chair to oversee Focus' business units in Australia. The group has promoted Travis Danysh from chief corporate development officer to chief strategy officer, effective immediately. Under the newly-created ... |
| | | | ... Dhariwal as senior people and culture business partner. In a statement, Frontier said that Berriman, who joined the group over two years ago, has been instrumental in the capital markets and asset allocation team, leading the oversight of portfolio design ... |
| | | | ... policy, and failed his gatekeeper functions, ASIC said. So far, four of MWL's financial advisers have been banned by ASIC over their involvement in the Shield debacle. They are Isaac McQueen, Matthew Bradley, Rocco D'Amelio, and Robert Crossing. ... |
| | | | The Australian Taxation Office (ATO) will continue to tighten controls around early access of SMSF money as it grapples to contain those who access it illegally. The ATO said the growing frequency in accessing super early has forced it to make enforcement ... |
| | | | Perpetual took a slight hit in underlying profit after tax - down 1% to $204.1 million - flagging outflows in the asset management business and a softer performance in wealth management due to "uncertainty" surrounding its ownership. Despite the uncertainty ... |
| | | | ... the consortium will fund Eelpower Energy to build, own, and operate grid-scale battery storage assets, aiming to deliver over 1 gigawatt (GW) of new battery storage capacity nationwide. Aware Super said the contribution will be vital for the UK's transition ... |
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