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Showing 1 - 10 of 6378 results for "March"

Macquarie Group profits falls 32% to $3.52bn

ANDREW MCKEAN  |  FRIDAY, 3 MAY 2024
Macquarie Group has reported a net profit of $3.52 billion for the year ending 31 March 2024, a 32% decrease from the previous year. The firm's assets under management increased to $938.3 billion, up 7% from 31 March 2023, but primarily due to favourable ...

Count upgrades synergy benefits after Diverger acquisition

ELIZA BAVIN  |  FRIDAY, 3 MAY 2024
... smoothly and make doing business easier for all our business partners." Count finalised the acquisition of Diverger back in March, bringing its funds under advice to $29.9 billion. Count paid $1.3651 for each Diverger share following a 99.97% approval ...

Rainmaker Information names research head

JAMIE WILLIAMSON  |  THURSDAY, 2 MAY 2024
... Ramrakha will take over the role formerly held by Rainmaker Information co-founder Alex Dunnin, who retired from the company in March this year. Commencing the role on May 14, Ramrakha will lead Rainmaker's research capabilities, spearheading new offerings ...

Former Diverger managing director joins VBP

JAMIE WILLIAMSON  |  THURSDAY, 2 MAY 2024
... the new role later this month, Jacobsen was managing director of Diverger for three years before its merger with Count in March. Before that, he led Paragem and spent more than a decade in senior roles at Perpetual. "Nathan is a highly respected financial ...

Insignia FUM grows by $11bn, completes platform migration

ELIZA BAVIN  |  THURSDAY, 2 MAY 2024
Insignia Financial saw funds under management increase by $11.7 billion (up 3.9%) to $312.3 billion as at March 31, and has completed the migration of MLC Wrap to Expand. Total net outflows for the quarter were $1.7 billion, largely reflecting the transitory ...

ART reduces admin fees for high balance accounts

ELIZA BAVIN  |  WEDNESDAY, 1 MAY 2024
... Income accounts will be affected. This comes after ART announced a raft of investment strategy and options changes back in March. ART chief of retirement Kathy Vincent said the fund engaged its members, advisers and employers to co-design the new investment ...

Brighter Super to close socially responsible options

JAMIE WILLIAMSON  |  TUESDAY, 30 APR 2024
... expectations, the fund said, adding it is in members' best interests that the options be closed. In the 12 months to March end, the Socially Responsible product returned 11.1%, according to Rainmaker Information figures. The median return for ESG ...

The risks and opportunities in advice: SIAA

KARREN VERGARA  |  TUESDAY, 30 APR 2024
... containing the first tranche of the financial advice reforms that promise to reduce red tape was introduced in parliament on March 27. The first stage includes streamlining ongoing fee renewal and consent requirements, including removing the requirement ...

Almost one third fail adviser exam

KARREN VERGARA  |  TUESDAY, 30 APR 2024
... 24 th exam, which is mandatory for those who want to practice as a financial adviser. The majority (77%) sat the exam in March for the first time, according to ASIC, with 21,102 candidates sitting the exam to date. Those who keep failing the exam can ...

Future Fund posts 10.1% annual return, surpassing benchmark

ANDREW MCKEAN  |  MONDAY, 29 APR 2024
... financial year, the sovereign wealth fund has posted an 8.3% return, with investment gains of $11.5 billion added in the March quarter. Future Fund chief executive Raphael Arndt said the global economy is in "good shape," better than expected from last ...
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