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Showing 441 - 450 of 1272 results for "managed account"

Fiducian posts $10.5m in FY20 profits

KANIKA SOOD  |  MONDAY, 17 AUG 2020
ASX-listed Fiducian Group doubled its net inflows to $217 million in FY20, as it posts $10.5 million in statutory net profit after tax for the year. Net profit for the group - which includes funds management, financial planning, corporate and platform ...

Praemium shows growth in crisis

ELIZA BAVIN  |  FRIDAY, 14 AUG 2020
Praemium has posted a positive full-year result despite the impacts of global headwinds caused by the COVID-19 pandemic. The platform provider saw a 26% increase in global funds under administration to $20.3 billion, a 14% increase in revenue to $51.2 ...

Macquarie to transfer legacy pension product

KANIKA SOOD  |  MONDAY, 10 AUG 2020
Macquarie will transition pension members in its legacy SuperOptions product to a wrap style pension product, in a bid to lower administration fees and expand the investment offering. Macquarie closed the SuperOptions product to new members in June ...

Netwealth hits fund managers with new fee

KANIKA SOOD  |  FRIDAY, 31 JUL 2020
Netwealth will charge fund managers $2000 for each fee rebate arrangement, saying its costs of administering them have gone up. The platform business allows fund managers to offer fee discounts to financial advisers, licensees or managed accounts providers ...

Sydney boutique winds up fund

KANIKA SOOD  |  TUESDAY, 28 JUL 2020
Redpoint Investment Management has wound up its industrials fund but will continue to offer it as the much-bigger model portfolio. The boutique decided to shutter its industrials fund (and equivalent mFund), saying it has not been able to grow the funds ...

Diversity screening option launched

ANNABELLE DICKSON  |  MONDAY, 27 JUL 2020
... investors broader approach to ESG and that now extends to diversity. Investor's stocks are held in a separately managed account allowing them to filter investments for major all ESG metrics.

Netwealth launches Milliman managed accounts

ANNABELLE DICKSON  |  FRIDAY, 24 JUL 2020
... distribution of its first range of managed accounts that aim to dampen the effects of market volatility. Milliman's first managed account offering, SmartShield, launched exclusively on HUB24 back in March. The series leverages the company's global risk ...

Specialist platforms prosper in June quarter

ALLY SELBY  |  MONDAY, 20 JUL 2020
HUB24 has reported record annual inflows of $4.95 billion for the 2020 financial year, which it says has been driven by clients ditching "incumbent platforms" for the specialist provider. Its funds under administration lifted 24% for the FY20 to hit ...

Netwealth booms amid pandemic

ALLY SELBY  |  FRIDAY, 10 JUL 2020
... held in managed accounts. This was an increase of $3 billion or 110% for the FY20, including a record year for managed account net inflows of $3.3 billion and negative market movement for the year of $300 million. Netwealth joint managing director Matt ...

Powerwrap to merge with Praemium

KANIKA SOOD  |  THURSDAY, 9 JUL 2020
Praemium this morning advanced a $55.6 million bid to acquire Powerwrap in an off-market conditional takeover priced at about 26.55 cents per share. The two parties have entered a bid implementation agreement dated July 9. The bid has been unanimously ...