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Showing 161 - 170 of 616 results for "Wealth manager"

Non-negotiables for recruiting in the new normal

JAMIE WILLIAMSON  |  MONDAY, 9 MAY 2022
The wealth management industry is not immune to the great resignation, but there are ways to avoid being hit too hard, Super Recruiters says. The recruitment agency said that while many wealth management organisations are striving to get back to the ...

Magellan suffers $1bn in outflows

ELIZABETH MCARTHUR  |  THURSDAY, 7 APR 2022
... funds under management at Magellan dropped 39% from September 2021 to March 2022. Most notably, in December 2021 UK wealth manager St James's Place yanked a $23 billion mandate from Magellan. The latest outflows come after Hamish Douglass tendered his ...

Nucleus Wealth launches direct indexing option

CHLOE WALKER  |  THURSDAY, 31 MAR 2022
Australia's first direct indexing service is here, thanks to investment and wealth manager Nucleus Wealth. Available to investors in a broad range of structures, including superannuation, the service involves the investor owning the individual shares ...

AMP hands down tech mandate

KARREN VERGARA  |  THURSDAY, 10 MAR 2022
AMP awarded a technology mandate to a global provider in a bid to improve the efficiency of its North platform. SS&C Technologies forged the partnership with AMP to deliver digital and administrative capabilities, promising high levels of automation ...

Magellan loses more investors, FUM slumps

KARREN VERGARA  |  MONDAY, 28 FEB 2022
... of which $2.6 billion came from the institutional side. Troubles for the fund manager began compounding when UK wealth manager St James' Place pulled a $23 billion mandate, leaving a 12% gaping hole in revenue. This was followed by troubles at the ...

Crestone awards back-office, trade execution mandate

KARREN VERGARA  |  TUESDAY, 15 FEB 2022
Crestone Wealth Management selected FinClear to manage its trade execution and settlements functions. In choosing FinClear, Crestone chief executive Michael Chisholm said he was impressed with its capabilities, technology, and commitment to security. ...

Hamish Douglass takes leave of absence

CHLOE WALKER  |  MONDAY, 7 FEB 2022
... difficult for fund managers to be profitable. In December 2021, Magellan Financial Group has lost a key mandate from UK wealth manager St James' Place. Following the loss, Morningstar cut its fair value estimate for Magellan by 25% to $38 per sha ...

Magellan shuns turnaround companies

KARREN VERGARA  |  FRIDAY, 4 FEB 2022
... quarter, fearing what the loss of a major mandate and troubles at the executive level meant for their investments. UK wealth manager St James' Place eroded funds under management, abruptly walking away with $23 billion and leaving a 12% gaping hole ...

Mercer nabs Lonsec consultant

ELIZABETH FRY  |  MONDAY, 31 JAN 2022
Mercer has hired David Wilson to support the asset consultant's growing consulting and investment solutions business. Wilson joins from Lonsec where he spent more than six years as an investment consultant. Before that, he was a research services ...

GAM bolsters distribution team

ELIZABETH MCARTHUR  |  MONDAY, 24 JAN 2022
GAM Investments has added to its distribution team with a new hire for its wholesale business in Australia. Daniel Sharp has been appointed manager - wholesale, HNW and family office. He is based in Sydney and will report to GAM head of Australia Alex ...