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Showing 131 - 140 of 1226 results for "FUM"

Acclaim Wealth enters managed account space

ANDREW MCKEAN  |  TUESDAY, 15 OCT 2024
... an FNZ system to a new SS&C technology platform. The transition moved approximately $1.6 billion in funds under management (FUM) and around 6000 members. "This is the first major enhancement we've launched on the back of that, with Direct International ...

Australian investment market moves onward and upward

ANDREW MCKEAN  |  THURSDAY, 10 OCT 2024
... growth of 8.8%, according to Rainmaker Information. Consolidated assets, which represent headline funds under management (FUM) minus funds managed on a sub-advisory basis, grew at a slightly faster rate of 10.1%, totalling $3.1 trillion. Over the past ...

Netwealth FUA soars, names new chief financial officer

ELIZA BAVIN  |  THURSDAY, 10 OCT 2024
... billion bringing total FUA to $95.4 billion thanks to new inflows and positive market movements. Total funds under management (FUM) also rose an impressive 26.4% from this time last year to $22.5 billion. In its quarterly update, Netwealth also announced ...

Managed account FUM passes $200bn

MATTHEW WAI  |  WEDNESDAY, 9 OCT 2024
The amount of money held in managed accounts surpassed $205 billion in the first half of the year. According to the FUM Census of Managed Accounts, compiled by the Institute of Managed Account Professionals (IMAP) and Milliman, in the six months to ...

GESB adopts Protecting Your Super reforms

JAMIE WILLIAMSON  |  MONDAY, 30 SEP 2024
... unnecessary erosion of balances. GESB has more than 270,000 member accounts and over $36 billion in funds under management (FUM). The fund predicts its FUM will grow to $41.5 billion by June 2025.

Vanguard to pay $13m in greenwashing case brought by ASIC

JAMIE WILLIAMSON  |  WEDNESDAY, 25 SEP 2024
... circumstances where the fund was a relatively small part of Vanguard's overall business (less than 1% in terms of income and FUM). Commenting further on his decision, he said: "Vanguard's contraventions should be regarded as serious... Further ...

Powerhouse Ventures to acquire Aliwa

KARREN VERGARA  |  FRIDAY, 20 SEP 2024
... Another $224,000 in scrip is payable based as an earnout on the proviso that Aliwa has $20 million+ in funds under management (FUM) over 18 months. These two tranches equate to just under 15% of shares on issue. Brisbane-based David McNamee is the founder ...

Managers struggle to secure positive net flows in FY24

ANDREW MCKEAN  |  THURSDAY, 12 SEP 2024
... negative net flows of $1.4 billion in the 12 months to June 2024, reflecting a total loss of 0.2% of funds under management (FUM) due to net outflows. There was a sharp contrast between unit trusts and ETPs, however, with unit trusts suffering negative ...

Clime posts $3.8m loss

ANDREW MCKEAN  |  FRIDAY, 30 AUG 2024
... management fees for the Clime International Fund, and a decline in performance fees earned. Clime's funds under management (FUM), however, pertaining to its continuing operations, increased to $1.6 billion from $1.3 billion due to a $240 million ...

Platinum outflows drag performance

KARREN VERGARA  |  FRIDAY, 30 AUG 2024
... business unit, the Platinum Partner Series, will improve returns and stabilise flows. The 30% decrease in funds under management (FUM) to $13 billion in the 12 months to June led to a 14% hit to revenues of $174.4 million. Net outflows for the period ...