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| | | Perpetual Limited has recruited a chief transformation officer as the financial services giant continues to pursue the sale of its wealth management business. Song Hong joined Perpetual five months ago as a separation specialist when Perpetual was about ... |
| | | | ... This is because advice practices typically have lower or no bad debts and debtors, make monthly recurring revenue with limited fluctuations, typically have very high client retention, have low levels of working capital, low plant and equipment requirements ... |
| | | | ... managed by Platinum Asset Management. PGF revealed it lobbed confidential, non-binding offers to snap up Platinum Capital Limited (ASX: PMC) and Platinum Asia Investments (ASX: PAI) by way of a scheme of arrangement. PGF said its proposals give shareholders ... |
| | | | ... Its superannuation sector reported positive net flows of $194 million, below the comparative half due to the seven-week limited-service period covering the transition of its administration service. However, the business saw "record" super guarantee contributions ... |
| | | | ... new Investment Trends study finds. Some 27% of advisers that are embracing AI rate themselves as "beginners" or have "limited use" and primarily use it for reporting and editing purposes, according to the 2024 Platform Competitive Analysis & Benchmarking ... |
| | | | ... easily gain access to private markets is a concern for ASIC. Some products ask for a buy-in that is as little as $2000. Limited access, liquidity challenges, complexity, higher fees, information asymmetries, and adverse selection risks are on ASIC's ... |
| | | | ... solutions for different asset classes where performance reporting could be nuanced. Privately held illiquid positions such as limited partners' interests in private equity or the carried interest of general partners are some examples. Nearly half ... |
| | | | ... $10.9 million as of January 31. The fund provided exposure to a diversified portfolio of cash and fixed interest, with limited exposure to growth assets and aimed to outperform the Morningstar AUS Mod Tgt Alloc NR Australian dollar index. It charged ... |
| | | | ... a contributor that complements the broader advice sector. "To be relevant and compete for talent in a market that has limited supply, you need to be a very good employer. You need to respect the fiduciary obligations that sit with a professional adviser," ... |
| | | | ... them. While ASIC's proposals "appear to address some industry concerns," the FSC said the scope remains "relatively limited" - particularly the restriction that no more than five consumers can be affected per breach, even when no financial loss or ... |
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