Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 21 - 30 of 3508 results for "Accounts"

Platforms ramp up innovation, back-end efficiencies

KARREN VERGARA  |  FRIDAY, 16 FEB 2024
... said. The past 12 months saw platforms unleash a heap of enhancements. AMP's North launching fractional shares in managed accounts and CFS's Edge dividing client accounts into sub-accounts were some standouts. With respect to the latter, Peker said this ...

UniSuper buys up Deer Park site

RACHEL ALEMBAKIS  |  THURSDAY, 15 FEB 2024
... develop and manage high quality real estate investments together with our mandate clients," said GPT head of separate accounts Greg Paddison. "We continue to leverage our expertise and experience to deliver strong outcomes for our capital partners and ...

Investment Trends ranks top five platforms

ANDREW MCKEAN  |  THURSDAY, 15 FEB 2024
... report underscored that all platforms broadened their investment menus, aligning to industry thematics such as managed accounts, cash, and retirement solutions. "All platforms have again delivered a significant scope of new functionality over the last ...

MDA authorisations remain steady amid exodus

JAMIE WILLIAMSON  |  WEDNESDAY, 14 FEB 2024
The number of financial advisers authorised to advise on managed discretionary accounts (MDAs) has dropped just 6.1% in the past three years, despite the total number of advisers falling much more. According to analysis by Rainmaker Information, there ...

Former director pleads guilty to hedge fund con

JAMIE WILLIAMSON  |  WEDNESDAY, 14 FEB 2024
... commodities to produce a return. However, no such products existed, and Sandiford simply deposited the money into bank accounts held in his own name. It was then used to fund personal expenses and for other purposes unrelated to trading. Of the $440,909 ...

Jailed adviser permanently banned by ASIC

JAMIE WILLIAMSON  |  TUESDAY, 13 FEB 2024
... and I find that that was calculated to deceive your clients into thinking that the money had been taken out of their accounts in error."

Brite Advisors to be wound up

CHLOE WALKER  |  WEDNESDAY, 7 FEB 2024
... and the amount identified by the investigative accountants as being held by Brite in its financial institutions' accounts. Brite had reported holding US$682 million while the investigative accountants were only able to identify US $612.9 million ...

Scarcity buys stake in asset manager

KARREN VERGARA  |  MONDAY, 5 FEB 2024
... dollar value. Evidentia works with private wealth firms to build investment portfolios, specifically separately managed accounts (SMA). Founded in 2018, it now has 24 staff members based in Sydney, Melbourne, Brisbane, and New York. Evidentia founder ...

ASIC to tighten grip on super fund misdemeanours

ANDREW MCKEAN  |  FRIDAY, 2 FEB 2024
... commenced civil penalty proceedings against the trustee of AustralianSuper, alleging failures to address multiple member accounts. The regulator allege round 90,000 AustralianSuper members were affected, costing members approximately $69 million in multiple ...

Netwealth records $78bn FUA, flags departure

JAMIE WILLIAMSON  |  MONDAY, 29 JAN 2024
... funds under management increased by $1.6 billion to hit $18.1 billion. Net inflows recorded were $700 million. Managed accounts also saw net inflows of $600 million, and positive market movement of $700 million to push them towards $15.5 billion. In ...