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Showing 221 - 230 of 616 results for "Wealth manager"

Embattled AMP sees wealth earnings dive

ELIZA BAVIN  |  THURSDAY, 13 AUG 2020
... announced it is buying back Mitsubishi UFJ Trust and Banking Corporation 15% stake in AMP Capital. The embattled wealth manager has reported its first half underlying profit was $149 million, down from $256 million in the prior corresponding period. ...

Wealth manager takes massive profit hit

ELIZA BAVIN  |  FRIDAY, 31 JUL 2020
A global pandemic and subsequent market volatility have hit wealth manager AMP, taking a near 50% profit hit compared to the same period last year. AMP provided an update on its 2020 interim operating earnings to the ASX, citing the impact from market ...

IOOF increases FUMA, lifts remediation costs

ANNABELLE DICKSON  |  THURSDAY, 30 JUL 2020
... advice and administration of 3.4% to $202.3 billion while also increasing remediation provisions by $80 million. The wealth manager is expecting an underlying profit from continuing operations of $123 million to $125 million. The result has been impacted ...

Diversity screening option launched

ANNABELLE DICKSON  |  MONDAY, 27 JUL 2020
... for investors to strike companies from their portfolio that do not have gender diversity in their management. The wealth manager introduced the screen off the back of diversity issues that have emerged in the last few months, specifically AMP's lack ...

European robo-adviser eyes Australia, taps Westpac exec

ALLY SELBY  |  THURSDAY, 23 JUL 2020
The former head of Westpac's private banking business has brought a Belgium-based robo-adviser down under, and says industry super funds, major banks, broker businesses and dealer groups are already knocking at the door. With its Asia Pacific operations ...

Six Park eyes advisers, appoints head

KANIKA SOOD  |  MONDAY, 20 JUL 2020
Six Park has hired a former AustralianSuper and BT Financial Group business development and partnerships team member, as it looks to tap into adviser groups, platforms and other B2B channels. Ha-Dieu Ford has joined its management team as the head of ...

Australian Ethical posts record results

ALLY SELBY  |  WEDNESDAY, 15 JUL 2020
The $4.05 billion wealth manager has reported record inflows of $660 million for the financial year, telling Financial Standard that it's balanced MySuper offering returned 6.9% net of fees for the quarter. For the 2020 financial year, Australian ...

US investment firm launches in Australia

ELIZABETH MCARTHUR  |  MONDAY, 13 JUL 2020
... Australian investor portfolios." Axius - which provides services to institutional, family office, private bank and wealth manager investors - will distribute the ARP offering in Australia. "Axius is delighted to welcome ARP to its suite of fund manager ...

US surpasses Asia Pacific for HNWI growth

ELIZABETH MCARTHUR  |  FRIDAY, 10 JUL 2020
For the first time in eight years, more high net worth individuals (HNWI) emerged in North America than in the Asia Pacific region. This is according to the World Wealth Report 2020, produced by Capgemini. HNWI wealth and population grew by almost 9% ...

Favour turns to active management

ELIZABETH MCARTHUR  |  THURSDAY, 2 JUL 2020
Amid the market volatility the COVID-19 pandemic ushered in, a new survey has revealed that sentiment is turning in favour of active investment management. The Natixis Investment Managers survey found that 79% of finance professionals globally and 78% ...