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Showing 181 - 190 of 396 results for "FUA"

Managed accounts hit milestone

ELIZABETH MCARTHUR  |  WEDNESDAY, 31 JUL 2019
... trusts, wraps and selected managed accounts platforms increased 3% over the period - reaching $699 billion. That annual lift in FUA amounted to $18 billion. Financial adviser FUA at the end of March was $934 billion, up 1.3% in the 12 month period. According ...

UniSuper advice offering surges

KARREN VERGARA  |  TUESDAY, 30 JUL 2019
... insurance, contributions, and access to super and tax are frequently asked. UniSuper chief financial advice Jack McCartney said the FUA growth has been spurred by inflows from SMSFs, family take-up of the fund's personal accounts offering and increased ...

IOOF rejigs CRO role, appoints successor

KARREN VERGARA  |  FRIDAY, 26 JUL 2019
... acquired by a third party. He did not disclose which practice departed, however Mota said the firm left with $1.3 billion of FUA which had an "insignificant impact on licensee revenue". IOOF took full legal ownership of dealer groups RI Advice, Millennium3 ...

Hard times ahead for platforms

KANIKA SOOD  |  THURSDAY, 23 MAY 2019
... super outflows and administration fee cuts. "As the foundations of vertical integration give way, major platforms are shedding FUA at an increasing rate as advisers turn to more contemporary and independent platform offerings," UBS analysts led by Kieren ...

Ken Marshman departs JANA

JAMIE WILLIAMSON  |  FRIDAY, 10 MAY 2019
... When Ken joined the business as an executive director, JANA had only nine employees, 15 clients and total funds under advice (FUA) of $1 billion. Today, those figures are 110 employees, 90 clients and FUA approaching $500 billion," JANA chief executive ...

Perpetual raising $440m for credit trust

KANIKA SOOD  |  MONDAY, 25 MAR 2019
... This was largely due to lower revenue, average FUM and performance fees earned. Perpetual Private recorded $2.5 billion in FUA for charitable trusts and endowment funds; before-tax profit was 2% lower at $22.6 million. Perpetual Corporate Trust was the ...

Perpetual thinks outside value investing

KARREN VERGARA  |  THURSDAY, 21 FEB 2019
... develop and grow. Of course, we remain fully committed to active value investing." Perpetual Private recorded $2.5 billion in FUA for charitable trusts and endowment funds; before-tax profit was 2% lower at $22.6 million. Perpetual Corporate Trust was ...

Outflows dent IOOF advice, funds businesses

KARREN VERGARA  |  MONDAY, 4 FEB 2019
... it replicated BT's Open offer via its Insignia Wrap range, which launched in October 2018. It grew to $976 million in FUA by the end of 2018, but net transfers to other BT badges slowed to $66 million, IOOF said. The investment management business ...

Advice groups sign on to HUB24

KANIKA SOOD  |  WEDNESDAY, 9 JAN 2019
... Accolade platform administers about $2.4 billion in funds under management. HUB24 picked up more than $2 billion between of FUA in the six months between June 30 and December 31 last year. Overall, the wrap, platform and master trusts are inching towards ...

Fiducian acquires Perth financial planning firm

KANIKA SOOD  |  MONDAY, 3 DEC 2018
... set aside to acquire five planning businesses across Western Australia, New South Wales and Victoria to raise $83 million in FUA, it said in a September address to shareholders. The group is planning to split the $73 million under advice of its latest ...