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Showing 2171 - 2180 of 9279 results for "wealth"

Australia confirms economic sanctions against Russia

ELIZABETH MCARTHUR  |  TUESDAY, 1 MAR 2022
The Australian government has confirmed its economic measures against Russia in response to its invasion of Ukraine. So far Australia has sanctioned more than 350 Russian individuals, including oligarchs, members of Russian parliament and military commanders. ...

Magellan loses more investors, FUM slumps

KARREN VERGARA  |  MONDAY, 28 FEB 2022
... weeks, 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 ...

Coterie invests in wealth platform

KARREN VERGARA  |  MONDAY, 28 FEB 2022
Coterie Capital has invested in a wealth management platform that has grown to $10 billion in funds under administration. Coterie allocated an undisclosed stake in Integrated Portfolio Solutions and established a dedicated fund that solely houses the ...

Value strategy drags Clime's performance

KARREN VERGARA  |  MONDAY, 28 FEB 2022
... outperformed the relevant benchmarks. In December, Madison acquired the client register of CHL Bayswater Financial Planning and Mi Wealth Plan, Perth-based firms, for $232,000 in a bid to expand in Western Australia. Meanwhile, Diverger, formerly known ...

IOOF reveals first results as Insignia

ELIZABETH MCARTHUR  |  THURSDAY, 24 FEB 2022
... period, a gross margin of $778.4 million up 122% including a six-month contribution from Insignia's acquisition of MLC's wealth business. Net profit after tax was reported as $36.2 million for the half year ending 31 December 2021, significantly down ...

FSC board adds Challenger chief

KARREN VERGARA  |  WEDNESDAY, 23 FEB 2022
... replacing Richard Howes, who announced his retirement in early 2021. FSC chair David Bryant said Hamilton brings an immense wealth of knowledge in financial services and funds management to the board and his proven leadership will be an asset. "Nick's ...

BlackRock strengthens Australasia, APAC leadership

CHLOE WALKER  |  WEDNESDAY, 23 FEB 2022
... portfolio solutions that will help them address their risks and opportunities," Lord said. "Hiroyuki brings with him a wealth of institutional client management experience, along with a thorough understanding of local markets and strong track record ...

Bravura names APAC managing director

JAMIE WILLIAMSON  |  TUESDAY, 22 FEB 2022
... seeing accelerating demand for our product suite, particularly our Sonata Alta and Digital Advice propositions. Our private wealth, portfolio administration and microservices solutions further extend our wealth management offering, ensuring Bravura is ...

Iress restructures investment management, advice roles

KARREN VERGARA  |  TUESDAY, 22 FEB 2022
... advice redundant amid a restructure and hired two new executives who came from AMP and a fintech. Managing director for wealth management for Australia and New Zealand Tizzy Vigilante has left the ASX-listed firm amid a restructure of its client-facing ...

HUB24 continues growth trajectory

ELIZABETH MCARTHUR  |  TUESDAY, 22 FEB 2022
... 2021. Group underlying EBITDA also improved, up 80% to $29.7 million. During the period, HUB24's acquisitions of Xplore Wealth, Class and Ord Minnett PARS progressed. The company announced a full franked half-year dividend of 7.5 cents per share, an ...