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Showing 1681 - 1690 of 4948 results for "fees"

AMP defends hefty remuneration bill

ELIZABETH MCARTHUR  |  FRIDAY, 8 MAY 2020
... payout was for customers. He did not answer the question but said AMP had made a decision to repay all clients with low value fees. Another shareholder asked about AMP's strategic "re-invent advice" program, asking why it didn't re-invent itself ...

Macquarie advice shift offers mixed results

HARRISON WORLEY  |  FRIDAY, 8 MAY 2020
... management fee income dropped by about 10% from the firm's full-year 2019 result of $315 million, with $284 million in wealth fees booked this financial year, "due to lower brokerage income as the wealth advice business focused on the high net worth ...

COVID-19 creates case for robo-advice

ELIZABETH MCARTHUR  |  THURSDAY, 7 MAY 2020
... compressing to one day." Six Park has now lowered its minimum investment to $5000 from $10,000 and is waiving investment management fees for three months. "There's too many people that aren't accessing the services that are available to help them with ...

How early release impacts the ASX

ALLY SELBY  |  THURSDAY, 7 MAY 2020
... funds' Australian equities option went down 21% in the March quarter compared to the -21% ASX fall (the difference largely due fees), I'd say the equilibrium has been maintained," he said. According to ASFA, equity market capitalisation on the ASX was ...

Pinnacle boutique launches Cayman fund

KANIKA SOOD  |  THURSDAY, 7 MAY 2020
... unit trust. It is run by a former Morgan Stanley Australia and Brevan Howard investor David Adams. It returned 16.5% before fees in the March quarter, including 21.73% outperformance to S&P 500 in March and 14.04% outperformance in February. It has also ...

Platform cancels top 50 funds list

ELIZABETH MCARTHUR  |  TUESDAY, 5 MAY 2020
... cancelled its usual list of the top 50 funds after it backed a fund that got suspended and promoted funds with discounted fees. Hargreaves Lansdown, a FTSE 100 company, will no longer publish the Wealth 50 which it called a "shortlist of our favourite ...

Mortgage Choice Financial Planning rebrands

ELIZA BAVIN  |  TUESDAY, 5 MAY 2020
... cross subsidisation from volume bonuses, no cross subsidisation from product manufacturing and do not charge asset-based fees." Thomas said FinChoice will keep a focus on technology, say it is the key to delivering engaging and cost-effective advice. ...

AMP hangs on to AFLPA mandate

KANIKA SOOD  |  MONDAY, 4 MAY 2020
... superannuation offer," Wade said. "The quality and flexibility of AMP's insurance offer, competitive investment management fees and insurance premiums, investment performance, diversified MySuper portfolios, and AMP's comprehensive financial wellness ...

Westpac to review business units

JAMIE WILLIAMSON  |  MONDAY, 4 MAY 2020
... compensating payments they were entitled to. It also includes estimated refunds to clients of BT Financial Group whose wealth fees were inadequately disclosed, the group said. So far, more than 600,000 customers have received more than $350 million in ...

Colonial First State closes global fund

ALLY SELBY  |  FRIDAY, 1 MAY 2020
... net. Since its inception, the fund netted an annual return of -5.9%. The Diversified Alpha strategy returned -3.7% net of fees for the month of March, with the fund manager blaming the COVID-19 pandemic for the losses. "The quickening spread of the coronavirus ...