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Showing 3191 - 3200 of 9281 results for "wealth"

Praemium adds Chi-X products

HARRISON WORLEY  |  MONDAY, 27 APR 2020
... financial advisers using Praemium have access to Chi-X's suite of funds, TraCRs and warrants. Praemium has become the latest wealth management platform to recognise the popularity of Chi-X's range of products, after Powerwrap made the firm's range of ...

Future Fund falls 3.4% in March quarter

KANIKA SOOD  |  MONDAY, 27 APR 2020
Australia's sovereign wealth fund lost 3.4% or about $6 billion in the March quarter, and is in no hurry to revalue its unlisted assets out of cycle unlike some superannuation funds. The Future Fund stood at $162 billion at March end, after returning ...

Pay cuts, dividend slashed as NAB raises capital

JAMIE WILLIAMSON  |  MONDAY, 27 APR 2020
... cents per share. As part of its plan to soften the impact of COVID-19, NAB said it is accelerating the separation of MLC Wealth as a priority to ensure it is well positioned for divestment. In the half-year to March 2020, MLC Wealth contributed about ...

Billionaires club rakes in cash amid COVID-19 crisis

ALLY SELBY  |  FRIDAY, 24 APR 2020
Since the beginning of the year, America's wealthiest billionaires have seen their wealth increase by millions, with eight seeing their net worth surge by more than US$1 billion dollars. The latest research from the Institute for Policy Studies revealed ...

COVID-19 clogs custody mandate pipeline

ELIZABETH MCARTHUR  |  FRIDAY, 24 APR 2020
... the process of winning? Yes. There's some slowdown in mandate-type decisions," O'Grady said. Listed platform Xplore Wealth recently delayed its transition to J.P. Morgan until 1 May 2020. Xplore currently uses multiple custodians and the switch to ...

Members begin to turn on industry funds

HARRISON WORLEY  |  THURSDAY, 23 APR 2020
... of March after the ASX200 market peaked in late February," she pointed out. Speaking to Financial Standard, Core Private Wealth financial adviser Trevor Geffin said some of his clients have moved some of their wealth out of industry funds, concerned ...

AMP bleeds $18 billion

HARRISON WORLEY  |  THURSDAY, 23 APR 2020
The market damage of COVID-19 saw AMP's wealth management arm shed more than $18 billion during the first quarter. COVID-19 has left AMP around $18 billion shorter than it was at the beginning of the year, with the economic impact of the pandemic hitting ...

Managed accounts use broadens

HARRISON WORLEY  |  WEDNESDAY, 22 APR 2020
... during times of market volatility to nurse clients through difficult moments, particularly as more advisers shift towards wealth coaching. "Over the last few years, the role of financial planners has shifted from 'investment adviser' to 'wealth coach'. ...

HUB24 net inflows up 72%

ALLY SELBY  |  WEDNESDAY, 22 APR 2020
Despite global markets crashing in March, HUB24 continued to experience strong net inflows in the quarter of $1.4 billion, with gross inflows of $1.8 billion. The specialist platform said these inflows had been driven by support from its large national ...

Ethical fund manager wears $520m hit

HARRISON WORLEY  |  TUESDAY, 21 APR 2020
... to the tune of half a billion dollars in the first quarter, but strong inflows have helped limit the damage. The ethical wealth manager closed the first quarter on March 31 with $3.59 billion in funds under management across its superannuation and managed ...