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Showing 1451 - 1460 of 8005 results for "Start"

Advised clients 5.2% better off

KARREN VERGARA  |  WEDNESDAY, 18 AUG 2021
The help of a financial adviser has been able to boost a client's portfolio by 5.2% per annum, according to new research. The fourth annual Russell Investments Value of an Adviser Report found that advisers' biggest contribution to clients is their ...

Updated life code released

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 AUG 2021
The Financial Services Council (FSC) released the second draft of the Life Insurance Code of Practice 2.0 for public consultation. The latest draft of the code was released today, incorporating feedback from the first draft's consultation. The FSC has ...

Magellan profits dip

KANIKA SOOD  |  TUESDAY, 17 AUG 2021
Magellan Financial Group reported a 33% drop in its net profit after tax to $265.2 million in FY21, as its performance fee revenue slid 63% and recent investments drew a loss of $41.8 million. MFG ended FY21 with $103.7 billion in average funds under ...

Praemium FUA doubles, profit slips

ANNABELLE DICKSON  |  MONDAY, 16 AUG 2021
The platform recorded 105% growth in funds under administration in its full-year results while profit after tax dropped 68%. Praemium recorded $1.5 million in profit after tax down from $4.0 million in FY20. Overall, revenue increased 28% to $65.8 million ...

Preqin acquires Colmore

KANIKA SOOD  |  THURSDAY, 12 AUG 2021
The alternatives research business has acquired private markets technology, services and administration business Colmore. The transaction closed on August 5. Colmore will be fully owned by Preqin and run as a standalone business. Colmore chief executive ...

ASI appoints Asia Pacific wholesale head

KANIKA SOOD  |  THURSDAY, 12 AUG 2021
Aberdeen Standard Investments has appointed a head of wholesale for Asia Pacific, hiring from UBS Asset Management. David Hanzl will be responsible for delivering ASI's wholesale distribution strategy in Asia Pacific. The role is based in Hong Kong. ...

New retail investors go digital

ANNABELLE DICKSON  |  TUESDAY, 10 AUG 2021
... cryptocurrency has continued to surge with 13% of online investors holding cryptocurrencies (up from 8%). A further 10% plan to start investing over the next year. "The rapid rise in novel cryptocurrencies like Dogecoin, which valuation surged from $0.01 ...

Challenger chief executive to step down

KARREN VERGARA  |  TUESDAY, 10 AUG 2021
The managing director and chief executive of Challenger will step down in March 2022, while a deputy chief executive has also been named. Richard Howes has been with the company for 18 years, starting as the chief executive of Challenger's life ...

BT Panorama down for a week

ELIZABETH MCARTHUR  |  MONDAY, 9 AUG 2021
BT's $169 billion platform, the largest in the country, was down all last week - leaving advisers frustrated and clients unable to move money. Disruption to BT Panorama started on Monday August 2 and full service was not restored until Sunday August ...

MSC Group hires exec director, eyes Sydney

KANIKA SOOD  |  MONDAY, 9 AUG 2021
... at Computershare for eight years. He is a fund administration specialist and was also previously involved in the initial start-up phase of Registry Direct. The other co-lead Daniel Iwaloye worked for Alter Domus, IFM, Lombard Odier Trust, Deloitte and ...