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Showing 341 - 350 of 6953 results for "March"

Clients' evolving circumstances a 'key barrier' for advisers: Netwealth

MATTHEW WAI  |  THURSDAY, 10 APR 2025
... uncertainty and foster trust, it said. Meanwhile, the firm has achieved a new record in its financial results. According to its March 2025 quarter update, Netwealth saw funds under administration (FUA) net flows of $3.5 billion to the March end of the ...

Regal writes off Opthea, FUM takes 8% hit

KARREN VERGARA  |  THURSDAY, 10 APR 2025
... written off its entire investment in Opthea, which contributed to funds under management (FUM) taking an 8.3% hit in the March 2025 quarter. Regal ended up with $16.5 billion as total FUM suffered a $540 million loss stemming from weaker market conditions ...

Three AFS licensees pinged over compliance breaches

ANDREW MCKEAN  |  WEDNESDAY, 9 APR 2025
... ASIC after their financial advisers provided personal advice while unregistered. Each licensee paid a $31,300 penalty in March. The corporate regulator said it had "reasonable grounds" to believe the AFS licensees authorised a financial adviser, who ...

GQG rejigs allocations amid tariff pain

KARREN VERGARA  |  WEDNESDAY, 9 APR 2025
... it continues to reposition portfolios with "the aim of achieving higher certainty of earnings in our holdings" during the March quarter. The fund manager also scaled back its holdings in communication services, materials and industrials across all four ...

Trade war rattles pre-election economic outlook

KARREN VERGARA  |  TUESDAY, 8 APR 2025
... Economic and Fiscal Outlook (PEFO). While the government's Budget figures have not changed since they were announced on March 25, the PEFO report factored in the effects of the US tariffs introduced last week that threaten to undermine its projections. ...

Adviser exam pass rate declines

MATTHEW WAI  |  MONDAY, 7 APR 2025
ASIC has released the results of the 28 th Financial Adviser Exam, held on March 6. Of the 241 candidates to sit the exam, 177 passed, representing 73.4% of the cohort. Of those 241 candidates, 175 (72.6%) sat the exam for the first time. The pass rate ...

Market turmoil hits portfolios

ELIZA BAVIN  |  FRIDAY, 4 APR 2025
... Street dropped as much as 6%, losing $4.9 trillion (US$3.1 trillion) in market value, marking the largest decline since March 2020. VanEck Asia Pacific chief executive Arian Neiron said the tariff announcement has marked a sudden change in investor sentiment. ...

Barings expands local wealth team

ELIZABETH FRY  |  THURSDAY, 3 APR 2025
... Barings Liquidity Investment Strategy. The latter is managed by Gryphon Capital Investments, which was acquired by Barings in March 2023, and is to be fully merged into Barings' structured finance business. "John joins the business as we continue to ...

Qantas Super, ART merger official

KARREN VERGARA  |  MONDAY, 31 MAR 2025
Qantas Super and Australian Retirement Trust (ART) officially merged on March 29. About 25,000 members with $9 billion in funds under management (FUM) have moved from Qantas Super to ART. Qantas Super chief executive Michael Clancy said: "It has been ...

Queensland adviser banned for five years

MATTHEW WAI  |  MONDAY, 31 MAR 2025
... services business or performing any function involved in the carrying on of a financial services business until at least 23 March 2030. Thomson was a financial adviser with Australian Mortgage and Financial Advisers from 1 September 2023 to 27 November ...