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Showing 11 - 20 of 75 results for "Cash account"

AustralianSuper overhauls Member Direct fees

KARREN VERGARA  |  MONDAY, 6 MAR 2023
... introducing a simpler and more competitive fee structure following a review, the $263 billion super fund told members. The cash account option will remove the percentage-based fee on the balance and replace it with a flat dollar portfolio administration ...

Super, advice class actions dampen CBA results

KARREN VERGARA  |  WEDNESDAY, 15 FEB 2023
... and Commonwealth Essential Super invested in in-house products. It also affected members in the FirstWrap Pooled Cash Account who earned lower interest rates well below the market so that for CFSIL could retain the margins for its own benefit. As ordered ...

Vanguard launches automated investing solution

KARREN VERGARA  |  MONDAY, 15 NOV 2021
Vanguard's Personal Investor platform has launched a feature that automatically invests clients' money into managed funds. Auto Invest regularly debits accounts starting from $200 either fortnightly, monthly, or quarterly, and invests the funds ...

Vanguard lowers platform fees

ANNABELLE DICKSON  |  MONDAY, 12 JUL 2021
... From August 18 the investment manager will remove the account fee for Vanguard ETFs, managed funds as well as the cash account and instead apply a $9 brokerage fee. The new fee replaces the 0.20% per annum account fee for the cash account, ETFs, managed ...

New trading platform to launch

KARREN VERGARA  |  TUESDAY, 2 FEB 2021
... clients are autoinvesting. The platform is expected to be live over the next few weeks. One of its features is a pooled cash account it set up with Sanlam Wealth, which allows users to create automatic debits deducted on a fortnightly basis for example ...

Bell Financial Group profits up 44%

KANIKA SOOD  |  THURSDAY, 14 JAN 2021
Bell Financial Group this morning said its net profit after tax for 2020 increased 44% to $46.7 million for the year ending December. The unaudited results precede the results announcement coming in February. Revenue increased 18% to $299 million. Earnings ...

SelfWealth launches US trading

ELIZABETH MCARTHUR  |  MONDAY, 7 DEC 2020
... trading accounts and apps to access some of the most popular stock markets, and SelfWealth members will have a US cash account to help them avoid per-trade foreign exchange fees." SelfWealth said that 6% of all Australia investors are now using its platform ...

BT cuts Wealth Connect

ALLY SELBY  |  FRIDAY, 16 OCT 2020
BT has proposed changes to its Wealth Connect business which could see at least 38 roles become redundant, as Westpac continues to review its wealth platform, superannuation, investments and insurance businesses. BT's Wealth Connect team provides ...

HUB24 reports record results

ALLY SELBY  |  TUESDAY, 25 AUG 2020
... in higher transaction fee income) as well as higher client cash balances on the platform (which resulted in higher cash account income). This cushioned the impact of the RBA's cash rate cuts during the second half of the year, HUB24 said. Its underlying ...

Macquarie introduces new wrap cash fee

ELIZABETH MCARTHUR  |  TUESDAY, 25 AUG 2020
Macquarie Wrap cash account holders have been hit with a cash administration fee, to be deducted from the interest accrued, which is higher than the interest rate. The changes impact users of Macquarie Wrap, which has a cash account through which all ...