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Showing 171 - 180 of 396 results for "FUA"

Netwealth booms amid pandemic

ALLY SELBY  |  FRIDAY, 10 JUL 2020
... trade on Thursday to hit new all-time highs. It comes despite negative market movement wiping $900 million from the platform. FUA as of June 30 lifted 35% to $31.5 billion, an increase of $8.2 billion for the financial year. Netwealth saw record net ...

HUB24 net inflows up 72%

ALLY SELBY  |  WEDNESDAY, 22 APR 2020
... 4.6% since December 31. The platform pointed to negative movements in markets to account for a $2.1 billion, or 13.2% fall in FUA since the beginning of the year, however, it said that FUA on the platform is not fully correlated to movements in equity ...

WealthO2 appoints national BDM

ALLY SELBY  |  WEDNESDAY, 4 MAR 2020
... new efficiencies and savings through technology," she said. "WealthO2 is the fastest growing adviser platform solution on an FUA basis, with close to $2 billion in FUA. "Our new appointments all have a proven track record of success, and their combined ...

Bell FG appoints director, releases FY results

ALLY SELBY  |  FRIDAY, 21 FEB 2020
... "2019 was another successful year for Bell Financial Group. Our various revenue streams grew strongly, our funds under advice (FUA) are at record levels and our closing share price on December 31 was 40% higher than a year ago," he said. "All businesses ...

Netwealth gains $9.5bn, reveals expansion plans

ELIZABETH MCARTHUR  |  TUESDAY, 18 FEB 2020
... $9.5 billion in the first half of 2020, as the platform reveals plans to expand its distribution team. Netwealth reported FUA of $28.5 billion, an increase of $9.5 billion and net inflows for 1H2020 of $4.4 billion. Funds under management for the platform ...

Advice industry compresses

ELIZABETH MCARTHUR  |  TUESDAY, 11 FEB 2020
... accounts. Managed accounts funds under administration grew 39% last year alone to $63 billion - outgrowing wider platform FUA growth significantly. One third of the non-super investment market is now concentrated in managed accounts. Five of the 10 fastest ...

Praemium expanding in UK, growing managed accounts

ELIZABETH MCARTHUR  |  MONDAY, 10 FEB 2020
... year. Praemium chief executive Michael Ohanessian said the rise of the firm's Virtual Managed Accounts Administration Service FUA was "startling" and linked the growth to expansion into administering those portfolios on behalf of financial advice firms. ...

Separate advice and product: AIOFP

ELIZABETH MCARTHUR  |  FRIDAY, 7 FEB 2020
... gross revenue with a funding cap established. And for the product scheme, each provider pays a lump sum upfront on a sliding FUA scale and a percentage of their gross revenue with a funding cap established. "If this is done the losses associated with ...

Netwealth FUA, adviser numbers rise

KARREN VERGARA  |  MONDAY, 19 AUG 2019
... significant growth in our Investor Directed Portfolio Service (IDPS or Wrap account) which now represents approximately 60% of our FUA and 70% of our annual net inflows," they added. They pointed out that pricing has received a lot of attention in the ...

Praemium FUA skyrockets

KARREN VERGARA  |  TUESDAY, 13 AUG 2019
... billion over the last financial year, thanks largely to its off-platform managed accounts service. The ASX-listed platform's FUA shot up 108% in FY19 as a result of launching the Virtual Managed Account Administration Service nearly two years ago ...