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

Search Results

Showing 11 - 20 of 314 results for %22Total Financial Solutions%22

Super funds defend controversial weapons holdings

KARREN VERGARA  |  FRIDAY, 2 FEB 2024
... Thales and $137,000 in Elbit. In a $1.06 billion UniSuper portfolio, $13.9 million is in Honeywell comprising 1.21% of the total. An $8.5 million holding in Lockheed Martin made up 0.74%. Equip Super's MySuper option, for example, had as much as ...

Powerwrap bleeds $334m in outflows

KARREN VERGARA  |  WEDNESDAY, 17 JAN 2024
... non-Powerwrap licence will continue at a similar rate for a further six to nine months." Praemium ended 2023 with $48.3 billion in total FUA, 12% more than the prior corresponding period. Despite the massive outflows, Powerwrap's total assets rose by ...

HUB24 sets sights on $100bn FUA

KARREN VERGARA  |  TUESDAY, 16 JAN 2024
... morning, the investments platform announced it hit $91.2 billion at the end of December 2023, up 25% year on year. Of the total FUA, some $72.4 billion comes from platform services, while Portfolio, Administration and Reporting Services (PARS) comprises ...

Woodford investors approve Link redress scheme

JAMIE WILLIAMSON  |  FRIDAY, 15 DEC 2023
... $1.91. The scheme was opposed by some individual investors, including a collective known as the Woodford Campaign Group. In total, 3.9% voted against it; by value, this comprised nearly 15% of individual investors. All institutional investors voted for ...

Industry needs better retirement advice blueprint: Expert

KARREN VERGARA  |  THURSDAY, 30 NOV 2023
... from the Australian Bureau of Statistics (ABS) shows there were 4.1 million retirees in 2020-21 comprising about 16% of the total population. At the time, some 670,000 planned to retire over the next five years. "That's a massive number. Who will ...

Praemium partners for adviser insights

CHLOE WALKER  |  TUESDAY, 14 NOV 2023
... marketplace." Praemium is a current shareholder in Complii, holding almost 12 million shares (representing 2% of Complii's total ordinary shares). "We are looking forward to collaborating further with Complii," Orrock said. "We believe this partnership ...

Msquared Capital bolsters local team

CHLOE WALKER  |  TUESDAY, 14 NOV 2023
... booming. According to the Reserve Bank of Australia (RBA), non-bank lenders account for 5% of the financial system's total assets, issued in equal parts by registered financial corporations (RFCs) and managed investment funds (including hedge funds). ...

Count to take over Diverger

KARREN VERGARA  |  FRIDAY, 22 SEP 2023
... Diverger, in a deal that will create an entity with $29 billion in funds under management and advice, and house 550 financial advisers. The two ASX-listed firms have entered into a binding scheme implementation deed in which Count will acquire 100% of ...

Australia sees modest uptick in HNWIs: Study

CHLOE WALKER  |  MONDAY, 18 SEP 2023
... providers. "Advisers and their clients need platforms that can cater for custody and non-custody assets alike, so clients' total wealth can be viewed and assessed," he said.

Lumiant chief steps down

KARREN VERGARA  |  WEDNESDAY, 6 SEP 2023
... brought in backers from the US. Invest Blue and Savant Wealth Management invested $5.2 million in the fintech, taking to total amounts raised to $12 million as at March. Last year, US financial adviser, investor, and personal finance commentator Ric ...