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Showing 11 - 20 of 33 results for %22Raiz Invest Australia%22

Raiz increases fees for lower balances

ELIZA BAVIN  |  MONDAY, 1 MAR 2021
Raiz Invest has announced a new fee structure, increasing the monthly fee for lower balance customers. The financial services platform announced it would be increasing some fees for its Australian customers. The monthly maintenance fee will increase ...

ERS dents Raiz Super by $13m

KARREN VERGARA  |  WEDNESDAY, 24 FEB 2021
... loss for the period. The micro-investing platform generated most of the revenue of $4.7 million, growing nearly 20%. Raiz Invest chief executive George Lucas sees FUM growing to $1 billion by the end of this year. "The growth in Indonesia and Malaysia ...

Raiz Super regains losses

ANNABELLE DICKSON  |  WEDNESDAY, 27 JAN 2021
... under management by nearly 15% in the December quarter despite the impact of the early release of super scheme (ERS). Raiz Invest's superannuation portfolio swelled to $81 million or 14% from $64 million after losing over $6 million in 2020 because of ...

Raiz launches custom portfolio option

ELIZA BAVIN  |  THURSDAY, 21 JAN 2021
Raiz has introduced a new custom portfolio option that will enable clients to gain more control over their portfolio allocations. Raiz said the custom portfolio, unlike its seven standard ETF portfolios, will allow users to build their own personalised ...

Raiz appoints new chair

ELIZA BAVIN  |  FRIDAY, 13 NOV 2020
Raiz Invest has announced the appointment of a new chair with a background in digital marketing focusing on growth companies. Kevin Moore is set to take the position of chair and non-executive director. He is a digital market specialist with a long ...

Raiz shuffles leadership team

ANNABELLE DICKSON  |  WEDNESDAY, 26 AUG 2020
... Malone will remain as group chief operating officer while taking on the additional role of chief executive of Raiz Invest Australia. Raiz chair Tony Fay said the restructure is designed to grow the Australian business and ensure the company is well placed ...

Balanced options in the red, but only just

ALLY SELBY  |  TUESDAY, 7 JUL 2020
... positive result in such a volatile year is great news for members," Cbus chief investment officer Kristian Fok said. Elsewhere, Raiz Invest's superannuation offering has seen strong returns, with a 45.4% lift in funds under management over the past ...

Australia lagging on robo-advice

HARRISON WORLEY  |  FRIDAY, 19 JUN 2020
... portfolio, and demonstrate tangible time and cost savings to customers. So far, micro-saving services such as those offered by Raiz - with its 200,000 customers - have led the way for robo offerings locally, ensuring hope for budding robo providers. ...

Raiz Super bleeds red

ALLY SELBY  |  WEDNESDAY, 3 JUN 2020
Raiz Invest's super offering lost a further $2 million during the month of May, with Australians taking advantage of the government's early release scheme to preemptively access their retirement savings. Over the last three months, funds under management ...

Raiz cuts costs, super increases

ALLY SELBY  |  TUESDAY, 28 APR 2020
... negative $66,000, which the platform attributed to investment expenses related to its expansion in Southeast Asia. Raiz Invest managing director and chief executive George Lucas said the figures demonstrate the resilience of the business. "Despite the ...