Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 281 - 290 of 2072 results for "Rainmaker"

Infocus adds four practices to network

KARREN VERGARA  |  WEDNESDAY, 16 FEB 2022
... mixture of well-established businesses, such as Geelong Wealth, as well as newly launched firms such as Timeless Wealth. Rainmaker Information shows that Infocus had a total of 177 financial advisers at the end of 2021, making it the 10th largest non-aligned ...

AustralianSuper to grow external mandates, hires

JAMIE WILLIAMSON  |  TUESDAY, 15 FEB 2022
... out its China A shares portfolio and appoint a range of sector specific, specialist or bespoke mandates. According to Rainmaker data, as at October 2021, the fund has external mandates with the likes of Alphinity, AXA Investment Managers, Dimensional ...

Investors Mutual appoints strategic relationship manager

CHLOE WALKER  |  FRIDAY, 11 FEB 2022
... consultants, brokers and private wealth networks across Australia and New Zealand. He has also previously held roles with Rainmaker Group and BHP Billiton. In his new role, Bowen will oversee IML's strategic relationships with national advice groups ...

Magellan fund loses $1bn in five months

KARREN VERGARA  |  WEDNESDAY, 9 FEB 2022
... has lost nearly $1 billion in the last five months of 2021, an analysis of the exchange-traded product sector reveals. Rainmaker Information's latest ETP Report found that the Magellan Global Fund Open Class lost $737 million in the fourth quarter ...

Vanguard move a win for SSGA, BlackRock

JAMIE WILLIAMSON  |  FRIDAY, 4 FEB 2022
... 2020 Vanguard announced it would hand back mandates to super funds ahead of its return to the superannuation market. Rainmaker analysis shows that, in the 12 months following that decision, SSGA's institutional super fund mandates increased by $19 billion ...

2021 lined homeowners' pockets: Data

JAMIE WILLIAMSON  |  THURSDAY, 3 FEB 2022
... owned some shares, ended the year about $170,000 better off. And that's after-tax and in addition to their salary, Rainmaker Information said, the median of which was $63,000 in Australia last year. This is because in the 2021 calendar year, the ...

CFS awards platform technology mandate

KARREN VERGARA  |  THURSDAY, 3 FEB 2022
... think there's an opportunity for that to be enhanced further than how it operates on platforms today," Quirk said. Rainmaker Information shows that CFS continues to be the dominant platform provider, both for aligned and non-aligned advisers, followed ...

Advice firm rebrands, scores own AFSL

KARREN VERGARA  |  FRIDAY, 21 JAN 2022
... larger dealer groups in place of having complete control over how advice should be delivered. In the year to August 2021, Rainmaker found that 145 new AFSL applications were successfully registered during the period. Addi House principal and financial ...

Advice industry loses 800 over New Year period

KARREN VERGARA  |  FRIDAY, 21 JAN 2022
... financial advisers left, according to Rainmaker's modelling of the ASIC Financial Adviser Register as at January 20. Rainmaker reported on 16 December 2021, there were 18,822 financial advisers. Early that year, the total population stood at 21,103. ...

Dramatic growth in non-aligned advisers: Research

KARREN VERGARA  |  THURSDAY, 20 JAN 2022
... Wealth (215). As a result, bank and insurer-aligned advisers now only represent 27% of the segment. Another growing trend Rainmaker found is the rapid rate in which advisers moved between licensees, with nearly 13% switching to a new AFSL. Morgans Financial ...