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Showing 441 - 450 of 8314 results for "retail"

HUB24 share price, FUA skyrocket

KARREN VERGARA  |  TUESDAY, 15 OCT 2024
... Netwealth is not far behind, reporting a total FUA to $95.4 billion. HUB24 has a total of 4720 advisers using its platform. Retail comprises the lion's share of FUA at 85%. During the quarter, HUB24 launched pre-populated advice fee consent forms and ...

High-profile Tribeca manager sets up shop

KARREN VERGARA  |  MONDAY, 14 OCT 2024
... positions in Australian shares, using quantitative and fundamental strategies. It requires a minimum spend of $25,000 for retail investors. "David has been my mentor for many years. We worked out the best transition for myself, Tribeca, and for the clients," ...

ASIC cancels fewer AFSLs in FY24

KARREN VERGARA  |  FRIDAY, 11 OCT 2024
... to deliver the relevant financial service. In terms of professional registration, those who provide personal advice to retail clients on relevant financial products had to be registered with ASIC from February 1. In total, 1531 licensing and registration ...

Australian investment market moves onward and upward

ANDREW MCKEAN  |  THURSDAY, 10 OCT 2024
... higher than the combined growth of the next four largest fund managers. The research also showed strong performance in retail super, with FUM rising 9.9%, making it the second fastest-growing segment after MySuper. Not for profit (NFP) funds' FUM increased ...

ASIC bans adviser who misled TPB

JAMIE WILLIAMSON  |  WEDNESDAY, 9 OCT 2024
... the TPB, Hazell made misleading statements in a bid to retain his registration. He also continued to provide services to retail clients "when he was unable to manage his own financial tax affairs," ASIC said. Hazell also failed to reasonably engage with ...

Global Capital Property to be wound up

KARREN VERGARA  |  TUESDAY, 8 OCT 2024
... Capital (UGC), which is also in liquidation, and began providing financial services, including financial advice, in 2017 to retail and sophisticated investors. He was the sole director of UGC, and responsible manager and key person on the AFSL. The flagship ...

QIC makes history with $900m sale

ELIZA BAVIN  |  TUESDAY, 8 OCT 2024
... Investment Corporation (QIC) has sold Sydney-based Westpoint Shopping Centre in the largest single transaction of an Australian retail centre. QIC sold Westpoint to Haben and US investment manager Hines, both of which will take a half stake. Financial ...

Wholesale investor test changes on ice: Parliamentary committee

KARREN VERGARA  |  FRIDAY, 4 OCT 2024
... consequences of changing them. There are currently two main tests to determine if an investor is wholesale as opposed to retail. Wholesale investors pass the product value test if they have investible assets of $500,000-plus. The other is the individual ...

ISG ordered to wind up managed investment schemes

ELIZA BAVIN  |  FRIDAY, 4 OCT 2024
... once determined by the court, are to be paid out of the assets of the schemes. ISG had received around $145 million from retail and wholesale investors since 2019. Investors were issued units in the schemes, which invested in redeemable preference shares ...

Commonwealth Bank shakes up executive leadership team

ANDREW MCKEAN  |  WEDNESDAY, 2 OCT 2024
... Taylor, Emma Bunnell joins Commonwealth Bank from HSBC UK, where she worked with banking regulators and served business, retail, wealth management, and private banking customers. Bunnell has led HSBC's business across the Channel Islands and Isle of ...