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Showing 4121 - 4130 of 10553 results for "BEI"

Linear pushes MGP into the red

KARREN VERGARA  |  MONDAY, 3 SEP 2018
The acquisition of Linear dragged Managed Accounts Holdings into the red, results for the June 2018 financial year show. While funds under administration and revenue shot up thanks to the merger, MGP reported a $2.5 million loss after making a profit ...

Netwealth doubles market share

DARREN SNYDER  |  MONDAY, 3 SEP 2018
Nearing 12 months since listing on the Australian Securities Exchange, platform provider Netwealth progressed to reporting season with 35.9% income growth and a statutory net profit after tax of $20.8 million. Netwealth's platform revenue for FY18 was ...

University endowment fund awards mandate

KANIKA SOOD  |  MONDAY, 3 SEP 2018
Australian National University's endowment fund has appointed a global manager to run an ESG-focused fixed income strategy. Aberdeen Standard Investments will actively manage Australian fixed income with an ESG overlay for the nearly $1.3 billion endowment ...

Zervides elected president of IPA Victoria

JAMIE WILLIAMSON  |  MONDAY, 3 SEP 2018
The founder of Australian Wealth Solutions has been elected to lead the Victorian arm of the Institute of Public Accountants. Australian Wealth Solutions director and senior financial adviser Sam Zervides was recently elected Victorian president of ...

Boutique manager to launch LIC

KANIKA SOOD  |  MONDAY, 3 SEP 2018
A $2.3 billion boutique fund manager is set to launch a listed investment company based on an in-house strategy that has delivered 57.2% in compound annual returns in the last three years. Tribeca Investment Partners is aiming to raise up to $250 million ...

Drought-hit farmers turn to advice

KANIKA SOOD  |  MONDAY, 3 SEP 2018
This July was the driest in Australia for 16 years. Almost 100% of New South Wales and 57% of Queensland is in drought and financial advisers are dealing first-hand with the impact. The numbers are startling yet they don't come close to measuring ...

Direct life insurance failing consumers: ASIC

KARREN VERGARA  |  THURSDAY, 30 AUG 2018
A comprehensive ASIC review of direct life insurance found sales practices and products that offer little to no value are leading to poor consumer outcomes. The practises of 11 life insurance providers selling direct-to-customers were examined and included ...

UBS shutters UK robo platform

KARREN VERGARA  |  THURSDAY, 30 AUG 2018
UBS has shuttered its robo-advice offering in the UK after less than two years since its launch. UBS SmartWealth, a digital wealth platform that assesses clients' financial situation and risk profile to recommend a relevant investment option, has closed ...

Stale boys club lingers on: Research

JAMIE WILLIAMSON  |  WEDNESDAY, 29 AUG 2018
One in 10 women working in investment management have experienced sexual harassment in the workplace, while about half report offensive behaviour or exclusion from work events based on their gender. According to the University of Sydney, a study of ...

Workers want extra super contributions: Research

HARRISON WORLEY  |  WEDNESDAY, 29 AUG 2018
Working Australians want their employer to contribute more towards their retirement savings, according to latest research from a $57 billion Queensland superannuation fund. Sunsuper released its 2018 Australian Employee Insights Report, which found ...