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Showing 21 - 30 of 35 results for "Raiz Invest"

Fees drop at Raiz

HARRISON WORLEY  |  FRIDAY, 22 MAY 2020
The management fees on Raiz Invest's flagship fund have been cut in line with a drop in fees across two popular ETFs. Investors using the popular spare change investing app Raiz are set to benefit from lower management fees, after the firm passed on ...

ERS shaves $4m off Raiz Super

ALLY SELBY  |  TUESDAY, 5 MAY 2020
The government's early release scheme shaved $4 million from Raiz Invest's superannuation offering, as members drew down on their savings to weather the COVID-19 crisis. Funds under management in Raiz Invest Super fell 6.7% over the past three months ...

Raiz cuts costs, super increases

ALLY SELBY  |  TUESDAY, 28 APR 2020
... negative $66,000, which the platform attributed to investment expenses related to its expansion in Southeast Asia. Raiz Invest managing director and chief executive George Lucas said the figures demonstrate the resilience of the business. "Despite the ...

Raiz defends double fee

ELIZA BAVIN  |  WEDNESDAY, 4 MAR 2020
Raiz Invest said it is well placed to manage volatile market conditions because it collects both management and funds under management (FUM) fees from its customers. Raiz chief executive George Lucas said 66% of the company's revenue is generated ...

Raiz cuts AET amid Sargon saga

ALLY SELBY  |  MONDAY, 2 MAR 2020
The board of investment platform Raiz has replaced Australian Executors Trustees (AET) as its independent custodian, in what comes as the latest development in the Sargon saga. Raiz has appointed Perpetual Corporate Trust as its new independent custodian ...

Raiz hikes fees for low balances

KARREN VERGARA  |  TUESDAY, 2 JUL 2019
Raiz Invest is bumping up fees for low-balance customers from 1 August 2019. Monthly maintenance fees will increase to $2.50 for active account balances of less than $10,000. For accounts with equal to or greater than $10,000, the account fee is unchanged ...

Super startup to relaunch

HARRISON WORLEY  |  TUESDAY, 30 APR 2019
... luxury brands "that care". The fund's Round Ups feature will work similarly to existing round up options, such as Raiz Invest, and ING's Everyday Round Up feature. Users will be able to round up everyday purchases to a limit set by them, with ...

Raiz expands offshore

KARREN VERGARA  |  TUESDAY, 18 DEC 2018
Raiz Invest received the green light to distribute products across south-east Asia. The ASX-listed firm announced it secured a licence to distribute mutual funds via subsidiary PT Raiz Invest Indonesia. Managing director George Lucas said Raiz has progressed ...

Raiz to launch group insurance products

KARREN VERGARA  |  TUESDAY, 23 OCT 2018
A partnership between Raiz Invest and Swiss Re will launch new products attempting to disrupt the group insurance market. Raiz, the micro-investing platform, announced it is helping develop a tailored life insurance product within superannuation that ...

Millennial money changes course after RC

KANIKA SOOD  |  WEDNESDAY, 3 OCT 2018
... while investing after six months of Royal Commission revelations, according to new research. Micro-investing platform Raiz Invest found that nearly 58% millennials are either saving more or spending less as the confidence in politics shrinks. One in ...