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Showing 391 - 400 of 4001 results for "Accounts"

ETFs preferred vehicles for Aussie, US advisers: Surveys

KARREN VERGARA  |  MONDAY, 30 SEP 2024
... reveals ETFs have become the preferred vehicle for US investment advisers. ISS MI found that ETFs trump separately managed accounts (SMA) for 60% of advisers. The preference for ETFs comes at the expense of managed funds as only 15% of advisers stick ...

eToro acquires Spaceship, sets sights on super sector

JAMIE WILLIAMSON  |  FRIDAY, 27 SEP 2024
... management. According to APRA data from March end, about $860 million of this is in superannuation across 21,000 member accounts. "Joining forces with eToro is a pivotal moment for Spaceship, accelerating our momentum in Australia and unlocking new opportunities ...

Household wealth rises in June quarter

ELIZA BAVIN  |  FRIDAY, 27 SEP 2024
... on 30 June 2024, which it said impacted bank funding across financial markets. For example, banks exchange settlement accounts with the Reserve Bank of Australia fell $106.5 billion (-32.3%) as the $105 billion of securitised bonds used as collateral ...

Early release of super scammer sent to prison

KARREN VERGARA  |  TUESDAY, 24 SEP 2024
... $103,500. The AFP found they submitted several fraudulent applications to access the early release of super by using myGov accounts to claim to be other super account holders. SFCT chief and ATO deputy commissioner John Ford said: "This outcome sends ...

ESSSuper ups admin fee cap

KARREN VERGARA  |  MONDAY, 23 SEP 2024
... superannuation fund. From November 1, the super fund will increase its annual administration fee cap for Income Stream accounts from $750 to $1000. The fee cap for these account members went from $2120 to $750, as announced in July 2023. Since the fee ...

Macquarie cops US$80m from SEC

KARREN VERGARA  |  FRIDAY, 20 SEP 2024
... of odd lot CMO positions were marked at inflated prices. This resulted in MIMBT overstating the performance of client accounts holding the overvalued CMOs," the SEC said. Furthermore, MIMBT tried to minimise losses to redeeming investors by arranging ...

Court freezes assets of company director

ANDREW MCKEAN  |  FRIDAY, 20 SEP 2024
... David Yates noted that there was evidence of numerous transfers of funds, including potential investor funds, between accounts held by different defendants, as well as the potential use of investor funds to purchase a luxury motor vehicle, and real estate ...

Megatrends impacting portfolio construction: Mercer

ELIZA BAVIN  |  THURSDAY, 19 SEP 2024
... trends investors need to take into consideration when building clients' portfolios at the Financial Standard Managed Accounts Forum. Jacques said there are several structural trends playing out across asset classes as well as inflationary pressures and ...

Advisers reveal hurdles preventing SMA adoption

ELIZA BAVIN  |  THURSDAY, 19 SEP 2024
... portfolios EMEA and APAC Kathleen Gallagher revealed the main concerns financial advisers have with employing managed accounts in their business, at the 2024 Financial Standard Managed Accounts Forum. After surveying financial advisers, in partnership ...

Payday Super penalties ramped up ahead of legislation

JAMIE WILLIAMSON  |  WEDNESDAY, 18 SEP 2024
... employers will be able to show employees their 'stapled' fund as part of the choice of fund to help reduce duplicate accounts. Advertising of super products at this stage will be limited to MySuper offerings that have passed the most recent performance ...