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Showing 161 - 170 of 397 results for "FUA"

Praemium sees benefits of scale

ELIZA BAVIN  |  WEDNESDAY, 13 JAN 2021
... showcasing the benefit of increased scale. The platform saw a 69% increase year-on-year in global funds under administration (FUA), lifting the business to over $34 billion in FUA. "For the Australian business, the scale benefits from the acquisition ...

HUB24 to acquire Xplore, offloads Paragem

ELIZA BAVIN  |  WEDNESDAY, 28 OCT 2020
... chief executive Andrew Alcock said the successful completion of these transactions will result in a 47% increase in custodial FUA, around 400 new adviser relationships and the expansion of non-custody administration FUA to $14 billion. "In addition ...

Netwealth sees rise in inflows

ELIZA BAVIN  |  THURSDAY, 8 OCT 2020
... of $1.9 billion, bringing total funds under administration to over $34 billion. The figure represents a 24.5% increase in FUA net inflows against the prior corresponding period. Its managed account balance also increased 109.7% compared to the same period ...

Super reforms modest negative for AMP, IOOF: Credit Suisse

KANIKA SOOD  |  WEDNESDAY, 7 OCT 2020
... funds under administration are from corporate super, while IOOF (post ANZ Wealth and MLC acquisitions) will have 35% of its FUA from it. "IFL and AMP both operate in the corporate super segment, a large part of which is MySuper. We expect funds who act ...

HUB24 reports record results

ALLY SELBY  |  TUESDAY, 25 AUG 2020
... under administration as of August 21, with volatility and negative market movement during the 2H20 impacting $1.1 billion of FUA. The annual impact of market volatility was $600 million. Commenting on the results, HUB24 managing director Andrew Alcock ...

Perpetual profits plummet

ALLY SELBY  |  THURSDAY, 20 AUG 2020
... compared to FY19 had a direct impact on the group's revenues generated by FUM in Perpetual Investments and funds under advice (FUA) in Perpetual Private, he said, with net outflows also leading to lower revenue for the year. "Our diversified business ...

Netwealth reports $43.8m in FY20 profits

KANIKA SOOD  |  TUESDAY, 18 AUG 2020
... mobile app for clients. The ASX-listed platform business grew total funds under advice by 35% to $31.5 billion. Net inflows for FUA doubled to $9.1 billion. Total funds under management for FY20 was $7.3 billion (up 84.4%) after net inflows of $2.8 billion ...

Praemium shows growth in crisis

ELIZA BAVIN  |  FRIDAY, 14 AUG 2020
... the acquisition will complement the existing business' growth strategy and product suite, with the merger set to increase FUA to over $28 billion. Chief executive Michael Ohanessian said despite ongoing challenges in 2020 it has also been a very productive ...

HUB24 wins out over Netwealth: Ord Minnett

KANIKA SOOD  |  TUESDAY, 21 JUL 2020
... levels, HUB is up just 15% despite producing higher relative flows through 4Q20 (NWL underlying 4Q20 flows were 5.5% of Mar-20 FUA vs 7.2% for HUB)." "NWL is trading on a lofty FY21 PE of 59x compared with its FY20-23 EPS CAGR of 19%, while HUB is on ...

Mainstream funds under custody up 79%

ALLY SELBY  |  TUESDAY, 21 JUL 2020
... quarter, with net funds increasing by 36 compared to March 2020. Over the past 12 months, its funds under administration (FuA) has lifted 14% to hit $196.6 billion, a $23.8 billion increase. During the quarter alone, Mainstream recorded a $9.5 billion ...