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Showing 11 - 20 of 818 results for %22Rainmaker Group%22

Bridges adviser base drops 20%

KARREN VERGARA  |  WEDNESDAY, 27 SEP 2023
... ceased on the ASIC Financial Adviser Register in September, dragging the advice group's total number down to 104, Rainmaker modelling of the dataset reveals. Bridges also saw a massive drop in adviser numbers last year. At the end of June 2022, Insignia ...

Industry high flyers join JANA board

ELIZABETH FRY  |  MONDAY, 11 SEP 2023
... also serves as a non-executive director on the board of FinClear and is on the FCX Advisory Board, She has worked for Rainmaker, CoreLogic International and KPMG. JANA chair Fiona Dunn welcomed the two new additions to the JANA board. "We are delighted ...

Integrity Life to cease writing new retail policies

JAMIE WILLIAMSON  |  TUESDAY, 5 SEP 2023
... any new life insurance policies is the option that provides the most stability to existing policyholders. According to Rainmaker analysis, at June end there was just 16,038 advisers in Australia - down from 26,500 in 2019. While about 12,000 of these ...

Super funds prime distributor of death, TPD cover

CHLOE WALKER  |  TUESDAY, 15 AUG 2023
... an estimated $13 billion in death and TPD premiums last year, more than half of which through superannuation funds, Rainmaker Information says. While the amount paid was up 5.5% per annum over the last decade, this rate of growth has flattened to just ...

New CFS platform at the cutting Edge: Quirk

CHLOE WALKER  |  TUESDAY, 1 AUG 2023
... competitive product, with a particular focus on high efficiencies and simple solutions for advisers, Quirk said. According to Rainmaker data, FirstChoice commands the greatest market share of advisers, both aligned and non-aligned. "We still see absolute ...

NGS Super expands leadership

ELIZABETH FRY  |  FRIDAY, 21 JUL 2023
... independent education and community sectors. According to Alex Dunnin, executive director of research and compliance at Rainmaker Information, Australia's super fund marketplace is now so concentrated that the biggest 20 hold a whopping 95% of the ...

FY23 farewells 700 advisers

KARREN VERGARA  |  FRIDAY, 14 JUL 2023
... number of advisers, dragging down the total population to 15,708 from 16,415 at the end of the 2023 financial year. Rainmaker analysis of ASIC's Financial Adviser Register found a 4% year-on-year decline in the adviser pool from 16,415 advisers practising ...

Ownership changes spur upheaval in unit trust sector

KARREN VERGARA  |  WEDNESDAY, 12 JUL 2023
... owned by Australia's largest banks and then divested in the wake of the scandals exposed by the Royal Commission, Rainmaker said. As an example, AMP Capital's remaining unit trusts have lost around $1.9 billion in net flows in the year to March. ...

Magellan's FUM falls again

CHLOE WALKER  |  THURSDAY, 6 JUL 2023
... billion in July. This figure will be reflected in the fund's FUM and performance fee update for next month. According to Rainmaker research, the fund manager bled $6 billion in the year to March. In April, it lost another $2.2 billion, and in May a further ...

Rainmaker MySuper index outdoes S&P ASX 200

ANDREW MCKEAN  |  FRIDAY, 23 JUN 2023
The Rainmaker MySuper index reported a 0.6% return for the year to 31 March 2023, continuing its series of positive rolling annual returns. The MySuper index surpassed the broader S&P ASX 200 market index, which posted a 0.1% return over the same duration. ...