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Showing 371 - 380 of 5319 results for "Third"

JP Morgan subsidiaries fined $230m by regulator

JAMIE WILLIAMSON  |  FRIDAY, 1 NOV 2024
... incentives it and its financial advisers were entitled to when they recommended the firm's own Portfolio Management Program over third-party programs also offered by JPMS. This occurred between 2017 and 2024 and, in doing so, the Portfolio Management ...

Licensees pay $92m in compensation

ELIZA BAVIN  |  FRIDAY, 1 NOV 2024
ASIC has released its third publication on information lodged under the reportable situations regime. The publication provides high-level insights into reporting trends from 1 July 2023 to 30 June 2024, and covers licensee population reporting, breach ...

Retail super funds spend big on advice

KARREN VERGARA  |  FRIDAY, 1 NOV 2024
... financial planning payments, followed by Macquarie's Superannuation Plan at $213.5 million. The HUB24 Super Fund came third ($172.8m), then the Colonial First State FirstChoice Superannuation Trust ($150.4m), Netwealth's Superannuation Master ...

Gap exists between licensees' AI use and governance processes: ASIC

MATTHEW WAI  |  TUESDAY, 29 OCT 2024
... claims, but the process inflicts a possibility of exposing private information of consumers, especially when engaging with a third-party AI model, also failing to disclose the AI involvement to consumers making their claims, ASIC said. The technology ...

Cbus rolls out Advice Essentials Plus

KARREN VERGARA  |  MONDAY, 28 OCT 2024
... advice offering, Advice Essentials Plus, which is a step up from its intra-fund advice service. Advice Essentials Plus is the third option on Cbus's financial advice menu, which currently comprises Advice Essentials and Comprehensive Advice. Advice ...

abrdn bleeds $6bn, share price plummets

JAMIE WILLIAMSON  |  FRIDAY, 25 OCT 2024
The fund manager's share price took a massive hit on the back of $6 billion (£3.1bn) in outflows in the third quarter. While abrdn's assets under management and administration (AUMA) grew 2% on the prior corresponding period, the outflows in its institutional ...

Medium-sized advice firms flourish: Research

KARREN VERGARA  |  THURSDAY, 24 OCT 2024
... most-popular platforms, FirstChoice, BT Panorama, and IOOF are the most widely used. The top three platforms are used by almost one third of all advisers.

Making a splash: The economic impact of AUKUS

KARREN VERGARA  |  WEDNESDAY, 23 OCT 2024
... US$14 trillion on the war in Afghanistan between 2001 and 2021, sparked by the September 11 attacks. One quarter to one third of contracts in recent years went to five major publicly listed companies: Lockheed Martin, Boeing, General Dynamics, Raytheon ...

Magellan launches first Vinva funds

MATTHEW WAI  |  TUESDAY, 22 OCT 2024
Magellan Asset Management launched the first two Vinva systematic equity funds, flagging a third fund to be made available next month. The launch follows the strategic partnership with Vinva in August, which includes becoming the distribution partner ...

Australian equities rise, but global markets preferred: Morningstar

ANDREW MCKEAN  |  MONDAY, 21 OCT 2024
... Morningstar said. "Second, cash should help buffer from any future volatility resulting from a fall in equity markets. And third, cash provides ample liquidity to take advantage of investment opportunities as they arise. "That said, we see opportunities ...