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Showing 321 - 330 of 4826 results for "EAC"

HMC Capital boosts AUM by 45% to $19bn

KARREN VERGARA  |  TUESDAY, 18 FEB 2025
HMC Capital's slew of acquisitions skyrocketed assets under management (AUM) by 45% in the half year to December to $18.5 billion. At the rate it is going, the alternatives fund manager expects to double AUM to $50 billion over the next three to ...

Australian GDP growth 'steady but not solid': La Trobe

MATTHEW WAI  |  TUESDAY, 18 FEB 2025
Speaking at the Financial Standard Chief Economists Forum today, La Trobe Financial head of investments and product David Tagg dissected some of the key economic themes for the year ahead. Tagg highlighted some of the biggest risks in the current economic ...

Platforms placate fee consent ordeal: SuitabilityHub

KARREN VERGARA  |  MONDAY, 17 FEB 2025
Platforms have vastly improved their bulk processing capabilities, particularly as financial advisers come to dread the new fee consent renewal process, SuitabilityHub managing director Recep Peker says. This is one of the main findings in SuitabilityHub's ...

Industry fund insurance bungle adds fuel to mounting outrage

ANDREW MCKEAN  |  THURSDAY, 13 FEB 2025
Rest is the latest fund to botch its handling of insurance - this time for incorrectly charging uninsured members for coverage - adding to a growing pile of industry failures. Rest's mishandling comes as other major superannuation funds have been caught ...

Cbus faces fresh investigation over fund expenditure practices

ANDREW MCKEAN  |  TUESDAY, 11 FEB 2025
Cbus is under investigation by APRA for possible breaches of superannuation legislation, with the regulator announcing the probe alongside a court-enforceable undertaking to address the super fund's risk management and oversight of key fund services. ...

LGT Capital Partners named lead investor for $143m fund

ELIZA BAVIN  |  TUESDAY, 11 FEB 2025
Armitage Associates, an Australian lower-middle market, growth buyout manager, has closed a continuation vehicle (CV) with LGT Capital Partners as the lead investor. As part of the transaction, entities advised by LGT Capital Partners acquired stakes ...

Generation Development Group buys Evidentia

MATTHEW WAI  |  MONDAY, 10 FEB 2025
Generation Development Group (GDG) will acquire 100% of Evidentia Group for $320 million, as it looks to grow its foothold in the managed accounts space. The transaction will be partly funded by a fully underwritten equity raising of approximately $287.9 ...

Viola Private Wealth appoints family office wealth adviser

ANDREW MCKEAN  |  FRIDAY, 7 FEB 2025
Viola Private Wealth has appointed a financial adviser from Mutual Trust, Australia's largest multi-family office, to deliver bespoke, wealth management solutions. The new appointee, Angus Mann, has a 17-year career in financial services, most recently ...

Syfe bids for SelfWealth, ups BFG's offer

KARREN VERGARA  |  MONDAY, 3 FEB 2025
Trading platform Syfe has upped Bell Financial Group's (BFG) bid for SelfWealth, offering 12% more at 28 cents per share. Syfe's parent company Svava has already acquired 43.4 million SelfWealth shares, representing 18.8% of shares on issue. ...

Former adviser pleads guilty to $1m theft

MATTHEW WAI  |  MONDAY, 3 FEB 2025
A former financial adviser from Western Australia has pleaded guilty to five charges related to misappropriating $1.03 million of client funds. Anthony Torre was charged with five counts of stealing and eight counts of fraud in June 2022 following an ...