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Showing 151 - 160 of 3992 results for "administration"

Netwealth reports record FY25 results

MATTHEW WAI  |  THURSDAY, 21 AUG 2025
... financial year ending June 30, recording "exceptional growth" across all key metrics. Netwealth recorded funds under administration (FUA) of $112.8 billion, which was a 28.2% surge from FY24, while total income came in at $324.4 million, an increase ...

Equity Trustees FUM tops $254bn

ELIZA BAVIN  |  THURSDAY, 21 AUG 2025
Equity Trustees saw funds under administration and supervision (FUMAS) rise 28% to $254 billion in FY25. In addition, revenue rose 7% to $182.5 million, statutory net profit after tax rose 60.4% to $33.2 million, and underlying net profit before tax ...

HUB24 reports record inflows, user growth

JAMIE WILLIAMSON  |  TUESDAY, 19 AUG 2025
... total group revenues were $406.6 million, with the platform achieving $323.3 million. The group's total funds under administration sat at $136.4 billion as of June 30, rising 30% year on year. Of this, $112.7 billion is on the platform, though HUB24 ...

Fidante loses $11.4bn in insto money

KARREN VERGARA  |  TUESDAY, 19 AUG 2025
... 6% also lifted NPAT thanks to operational efficiencies gained after the transfer of Challenger's investment administration and custody services to State Street. During the period, TAL Dai-ichi Life Australia took a 15% stake in Challenger. On June ...

Fiducian FUA reaches $5bn

KARREN VERGARA  |  MONDAY, 18 AUG 2025
... that have registered with Fiducian, of which 14 have begun using Auxilium. "As the IFAs gain confidence in our administration capability and place larger volumes of funds with us, we believe Auxilium could become an important revenue earner for us," ...

Decade-long ban for UGC director upheld

MATTHEW WAI  |  WEDNESDAY, 13 AUG 2025
... assets of UGC and its authorised representative Global Capital Property Fund (GCPF). The entity entered voluntary administration and was ordered to be wound up in October 2024. UGC was based in Melbourne and had held an Australian financial services ...

ETF Shares awards fund administration mandate

MATTHEW WAI  |  TUESDAY, 12 AUG 2025
Following its launch earlier this year, ETF Shares has selected Apex Group to provide end-to-end fund administration and custodian services. ETF Shares was launched only a few months ago, co-founded by chief executive Cliff Man, chief investment officer ...

Iress deputy chief made redundant, takeover talks confirmed

KARREN VERGARA  |  MONDAY, 11 AUG 2025
... October, having served as group executive for APAC and the UK. He joined Iress in 2023, hailing from super fund administration platform Recreo and before that was the chief executive of Mine Super for five years. Iress managing director and chief executive ...

Trump signs order to open 401(k)s to private markets

JAMIE WILLIAMSON  |  FRIDAY, 8 AUG 2025
... plans. The executive order comes as Trump attempts to make the US the crypto capital of the world. In May, the administration rescinded Department of Labor guidance issued in 2022 by the Biden administration urging plan fiduciaries to exercise "extreme ...

Legal costs weigh on AMP profits

JAMIE WILLIAMSON  |  THURSDAY, 7 AUG 2025
... mobilisation of our response to class actions." It is currently defending a class action in relation to superannuation administration fees. George said AMP "will continue to fight that hard", noting it returns to court in October. These costs may well ...