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Showing 381 - 390 of 4234 results for "LIC"

EBC expands local offerings to HNWIs, instos

KARREN VERGARA  |  WEDNESDAY, 16 OCT 2024
UK wealth management and brokerage firm EBC Financial Group (EBC) has scored a new AFS Licence (AFSL) and is ready to take on institutional investors and Australia's growing high-net-worth population. London-based EBC provides financial brokerage, asset ...

Expand bolsters SMA offerings amid $10bn milestone

MATTHEW WAI  |  WEDNESDAY, 16 OCT 2024
Expand, Insignia Financial's wrap platform, has added 11 new separately managed accounts (SMA) from Betashares and Drummond Capital Partners to its investment menu. The announcement coincides with the platform hitting $10 billion in funds under management ...

Clime shakes up board again

KARREN VERGARA  |  WEDNESDAY, 16 OCT 2024
Clime Investment Management continues to overhaul its board, filling two seats shortly after the sudden exit of three directors last week. Clime announced Henry Davis and its chief investment officer Will Riggall have joined the board following the ...

Property fund management firm loses AFSL

MATTHEW WAI  |  TUESDAY, 15 OCT 2024
ASIC has stripped the Australian financial services licence (AFSL) of Aretean Ltd Pty, trading as Aretean Capital, following the fund manager's failure to comply with its obligations. Aretean Capital boasts assets under management of over $250 million ...

ASIC cancels fewer AFSLs in FY24

KARREN VERGARA  |  FRIDAY, 11 OCT 2024
ASIC cancelled or suspended 239 AFS licences (AFSLs) in the 2024 financial year, which is 9% lower than the prior period. Report 797 Licensing and professional registration activities, which tracks licensing and professional registration activities ...

Australian investment market moves onward and upward

ANDREW MCKEAN  |  THURSDAY, 10 OCT 2024
... 2024. As of September, the Australian ETFs industry's assets under management went to a new record high of $219.5 billion. The LIC sector, meanwhile, grew 6.2% during the year but fell by 1.7% during the quarter to $51 billion.

Netwealth FUA soars, names new chief financial officer

ELIZA BAVIN  |  THURSDAY, 10 OCT 2024
Netwealth has reported a record quarterly increase in funds under administration (FUA) of $7.4 billion bringing total FUA to $95.4 billion thanks to new inflows and positive market movements. Total funds under management (FUM) also rose an impressive ...

FCX granted 'historic' market licence by ASIC, RBA

ANDREW MCKEAN  |  TUESDAY, 8 OCT 2024
FinClear subsidiary FCX, a platform for facilitating private market secondary transactions, has been granted a "first-of-its-kind" Australian Market Licence and Clearing Settlement Facility Licence by ASIC and the Reserve Bank of Australia (RBA). The ...

ISG ordered to wind up managed investment schemes

ELIZA BAVIN  |  FRIDAY, 4 OCT 2024
The Queensland Supreme Court has ordered the ISG Private Access Fund and the ISG Real Estate Equity Fund be wound up. This comes after ISG and its sole director, Benjamin Godfrey, had applied to appoint receivers to the schemes. ASIC intervened in the ...

Fund manager splashes $240m on AZ NGA

KARREN VERGARA  |  TUESDAY, 1 OCT 2024
A global investment manager has injected $240 million in AZ Next Generation Advisory (AZ NGA) and will become its largest shareholder. Oaktree Capital Management will help AZ NGA further expand its reach as its growth and succession partner, taking ...