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Showing 121 - 130 of 6464 results for "Wrap"

Insignia's managed account FUM swells

STAFF WRITER  |  MONDAY, 23 OCT 2023
... said. Meantime, about $1.3 billion is held in the separately managed accounts (SMA) managed by MLC Asset Management on MLC Wrap. The month of September saw record flows for both MDAs and SMAs, Insignia said, clocking $248 million in net flows. "We are ...

Government must do more after product failures: FSC, SCA

JAMIE WILLIAMSON, RACHEL ALEMBAKIS  |  FRIDAY, 1 SEP 2023
... first time they've been assessed, Insignia Financial head of superannuation Mark Oliver said the "application of the test to Wrap Platforms is more complex given members have tailored, rather than standardised, portfolios." "In addition, a majority of ...

Treasury names new ASIC commissioners

KARREN VERGARA  |  FRIDAY, 25 AUG 2023
... commissioners who will spearhead ASIC for the next five years, as incumbents Danielle Press, Sean Hughes and Karen Chester wrap up their terms. CHOICE chief executive Alan Kirkland, Commonwealth Bank chief risk officer for institutional bank and markets ...

Insignia consolidates further, creates Client Wellbeing arm

JAMIE WILLIAMSON  |  THURSDAY, 24 AUG 2023
... improvements in several areas, including strengthening its top position in the workplace super market, consolidating its Wrap platforms, growing its managed accounts and private equity capabilities.

Netwealth gears up to relaunch Core, market share expands

ANDREW MCKEAN  |  WEDNESDAY, 16 AUG 2023
... to further expand its market share, which has already grown to 6.7% as of March 2023, as per a Plan for Life analysis of wrap, platform, and master trust. Netwealth chief executive and managing director Matt Heine said: "We are excited to be relaunching ...

Iress adds new operations, customer service leaders

KARREN VERGARA  |  WEDNESDAY, 2 AUG 2023
Iress appointed two new leads for its Australia and New Zealand wealth businesses who will oversee client services and operations respectively. The ASX-listed firm named Amara Haqqani as its chief operating officer for wealth in Australia and New Zealand ...

Insignia Financial plans advice business transformation

JAMIE WILLIAMSON  |  THURSDAY, 27 JUL 2023
... It's expected elements of the new environment will be in place by mid-2025. The group also flagged the migration of MLC Wrap to Evolve has been delayed following adviser feedback. It was expected to occur in 1H24 and will now likely take place in ...

Platforms FUM falls $20bn: Report

CHLOE WALKER  |  WEDNESDAY, 12 JUL 2023
In the year to March end, total funds under management (FUM) held by platforms, wraps and master trusts dropped by $19.5 billion, according to Plan For Life. Specifically, platforms saw a 1.9% decline from over $1 trillion to $982.5 billion, and year ...

Labor advances super performance test changes

KARREN VERGARA  |  MONDAY, 19 JUN 2023
... significantly high administration fees." One-size-fits-all risks AMP is calling out how the test will expand to superannuation wrap products, fearing that the results will end up wrong. If applied in its current form, this will "result in significant ...

AMP rolls out new North features

CHLOE WALKER  |  THURSDAY, 15 JUN 2023
... Advisers can also now access historical advice fees via a new ART report. "North continues to invest in its award-winning wrap platform with a steady stream of new enhancements," AMP director of platform Edwina Maloney said. "We work closely with advisers ...