Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1471 - 1480 of 8013 results for "Average"

Sequoia acquires advice firm

ALLY SELBY  |  WEDNESDAY, 8 JUL 2020
... contribution to our EBITDA," the company said. TCA is a corporate authorised representative of Sequoia Group and has generated an average of $800,000 in annual income over the past three years. It will be absorbed into the 100% owned 'direct' client ...

WAM makes replacement bid for Keybridge

ELIZA BAVIN  |  TUESDAY, 7 JUL 2020
... its net tangible asset (NTA) backing. "Over the three-year period from 31 July 2016 to 30 June 2019, KBC shares have, on average, traded at a 30% discount to KBC's prevailing NTA over that period," Wilson said in a letter to Keybridge shareholders. "In ...

Advisers switch platforms amid pandemic

ALLY SELBY  |  TUESDAY, 7 JUL 2020
... Technology Report found that 29% of financial advisers stopped placing new business on a platform in the past year, with the average adviser using 2.6 platforms each (up from 2.3 in 2018 and 2.1 in 2019). "Platform relationships are being challenged ...

APRA warns of ERS second wave

ELIZA BAVIN  |  MONDAY, 6 JUL 2020
... weekly ERS figures update, which saw over $18 billion has been removes from super since the inception of the scheme. The average payment is still hovering around the $7500 mark, with 2.5 million Australians submitting applications to access their super ...

Model portfolio growth up 70%

ELIZA BAVIN  |  MONDAY, 6 JUL 2020
... managers, research houses and financial advice groups. These models are available across four managed accounts and, on average, create 4129 points of presence in the market. "Model portfolios are offered by investment managers or intermediary groups ...

Favour turns to active management

ELIZABETH MCARTHUR  |  THURSDAY, 2 JUL 2020
... to rise by 3.3% over the next year. Australian respondents also expect slightly more annualised growth than the global average, with a prediction of 15.7% over three years. Globally the annualised growth expectation over three years is 14%. The vast ...

AMP approved product list under fire

ELIZABETH MCARTHUR  |  WEDNESDAY, 1 JUL 2020
... taken from the tax advantage environment of their super fund. AMP has 92,000 Eligible Roll-over Fund accounts with an average balance of $11,000, De Ferrari said, but could not confirm how many of those accounts were set up to remediate clients for fees ...

Trust in advisers wanes

JAMIE WILLIAMSON  |  TUESDAY, 30 JUN 2020
... trust in financial services - just 24% of Aussie investors say they trust the industry. This is down 31% in 2018. The average across all markets surveyed is 47%. About 75% of investors believe their adviser is legally obligated to act in their best interests ...

APRA heatmap sees members save on fees

JAMIE WILLIAMSON  |  TUESDAY, 30 JUN 2020
... products with 6.1 million MySuper members - or 42% - have seen the total fees charged to them by their fund decrease by an average of $33 per annum since the release of the inaugural heatmap in December last year. Now, the estimated weighted-average ...

SG does wonders for households: Research

JAMIE WILLIAMSON  |  MONDAY, 29 JUN 2020
... S&P200 fell 37% in the four weeks from mid-February, since the SG's inception in 1992, the index has risen about 6% on average each year. Further, ASFA anticipates that by 2050 half of all retirees will have achieved its Comfortable Retirement Standard ...