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Showing 1421 - 1430 of 18812 results for "services"

Managed account FUM passes $200bn

MATTHEW WAI  |  WEDNESDAY, 9 OCT 2024
... accounts (SMA) continue to command the bulk of FUM at $129 billion, while managed discretionary accounts (MDA) and other services hold $52.4 billion and $24.2 billion respectively. "MDAs are 25.4% of the market funds under management, with steady demand ...

Charges dropped against Macquarie adviser

KARREN VERGARA  |  TUESDAY, 8 OCT 2024
... counts of providing a statement. Five counts related to fraud. ASIC permanently banned Acworth from working in financial services in 2020 after finding he engaged in "misleading conduct relating to a financial product" during the time he was employed ...

Pride Advice acquires two Adelaide-based firms

MATTHEW WAI  |  TUESDAY, 8 OCT 2024
... advice fees for tax-related guidance are now deductible. "The cost of financial advice has increased since the Financial Services Royal Commission handed down its findings five years ago, and the number of financial advisers has significantly decreased," ...

Global Capital Property to be wound up

KARREN VERGARA  |  TUESDAY, 8 OCT 2024
... Melbourne-based Hewish founded United Global Capital (UGC), which is also in liquidation, and began providing financial services, including financial advice, in 2017 to retail and sophisticated investors. He was the sole director of UGC, and responsible ...

FCX granted 'historic' market licence by ASIC, RBA

ANDREW MCKEAN  |  TUESDAY, 8 OCT 2024
... settlement capabilities. "Following commitments from ASIC to promote competition and innovation of clearing and settlement services in the Australian market, this licence constitutes the first instance of allowing competitors to offer clearing and settlement ...

RBA feels 'not enough has changed'

ELIZA BAVIN  |  TUESDAY, 8 OCT 2024
... materially reduced firms' cost base or the decline in discretionary spending flowed through materially more quickly to services inflation," it said. "Members noted that each of these outcomes was conceivable given the considerable uncertainty about the ...

AustralianSuper expands US footprint, names executives

KARREN VERGARA  |  FRIDAY, 4 OCT 2024
... flurry of senior appointments, AustralianSuper named the lead for its Americas unit who is joined by a new head of fund services hailing from BlackRock. The $342 billion super fund promoted Mikaël Limpalaër as the head of Americas, having served as ...

Wholesale investor test changes on ice: Parliamentary committee

KARREN VERGARA  |  FRIDAY, 4 OCT 2024
... agenda" and potential changes may well be in the future. The Parliamentary Joint Committee on Corporations and Financial Services is currently looking into the sustainability of the wholesale investor tests, which are now 22 years old, listening from ...

Partners Wealth Group appoints new head of distribution

ANDREW MCKEAN  |  THURSDAY, 3 OCT 2024
... sales manager at UBS Asset Management, has been tapped for the role. Tomkins, who's had a 30-year career in financial services, including roles across fund distribution and client relationship management, will focus on developing strategic partnerships ...

Choice products continue to overshadow MySuper: APRA

MATTHEW WAI  |  THURSDAY, 3 OCT 2024
... APRA recently called out a significant disconnection in specific fees between MySuper products and the more personalised services. "While performance of products across the entire superannuation industry has improved following the introduction of the ...