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Showing 421 - 430 of 4003 results for "Accounts"

SEC seeks to shut down $450m Ponzi scheme

JAMIE WILLIAMSON  |  THURSDAY, 15 AUG 2024
... $30,000 (US$20,000). To do so, they were encouraged to use their savings, including those held in individual retirement accounts (IRA), or take out lines of credit. Instead of delivering the returns promised, the parties made Ponzi-like payments to investors ...

Local private debt funds' growth potential 'remains strong': Preqin

ANDREW MCKEAN  |  THURSDAY, 15 AUG 2024
... "underscores the region's potential," Preqin said. This potential is accentuated by the fact that private debt AUM in APAC still accounts for only 3% of total private capital AUM in the region, "indicating substantial room for further expansion." Regional ...

Future Group joins campaign to ban gambling ads

MICHELLE BALTAZAR  |  WEDNESDAY, 14 AUG 2024
... to SIX's agency agreement. Launched last month, the fintech start-up has a small but growing base of 300 trading accounts dedicated towards combining ethical investing with shareholder activism. At present, the platform only features 12 ASX-listed ...

New mandate boosts JANA's wealth division

MATTHEW WAI  |  WEDNESDAY, 14 AUG 2024
... services. JANA announced a new agreement with Investor Wealth, providing consultancy and support services related to managed accounts, including model management. The announcement follows the recent mandate from separately managed accounts (SMA) aggregator ...

How many advisers will Australia have in 2044?

KARREN VERGARA  |  TUESDAY, 13 AUG 2024
... themes in the financial advice space. This has an impact on the volume of funds under advice," Rainmaker said. Managed accounts and ETPs are also growing rapidly, though volumes at this stage are only minor in market-wide terms. "This leads to a conundrum ...

Expand bolsters SMA menu

MATTHEW WAI  |  TUESDAY, 13 AUG 2024
... per week" for advisers to manage their time more efficiently. The enhancement follows the migration of 94,000 client accounts from MLC Wrap, MLC Navigator, and associated offers to Expand earlier this year. Since its launch in 2019, Expand has gained ...

AFCA urges super trustees to improve processes

ELIZA BAVIN  |  TUESDAY, 13 AUG 2024
... using technology such as multi-factor authentication to reduce the risk that members might lost money from their super accounts through scams and other fraud. Gray said AFCA was aware of an instance where a person known to the member used their personal ...

Netwealth FUA nears $90bn

KARREN VERGARA  |  TUESDAY, 13 AUG 2024
... June. The growth comprised net inflows of $11.2 billion and market movement of $6.5 billion, buoyed by the 143,251 client accounts it had at the end of the period, up 12.3% year on year. On average, accounts held $583,000, driven by high-net-worth (HNW) ...

Pandemic-era savings to dry up: CBA

ELIZA BAVIN  |  FRIDAY, 9 AUG 2024
... as a collective, do not want to drill down on these savings. Indeed, households are still adding to redraw and offset accounts. This is a dynamic we anticipated," he said. "The large increase in the average outstanding mortgage rate due to RBA interest ...

Trump victory will jostle trade war, interest rates: Morningstar

KARREN VERGARA  |  FRIDAY, 9 AUG 2024
... benefit ASX-listed firms like Iluka. This may benefit Iluka's rare earths refinery at Eneabba, Mills said. "China accounts for about 90% of global refined rare earth oxide supply and essentially all heavy rare earth oxide production. Rare earths ...