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Showing 461 - 470 of 5227 results for "SCA"

Equity Trustees FUM tops $254bn

ELIZA BAVIN  |  THURSDAY, 21 AUG 2025
Equity Trustees saw funds under administration and supervision (FUMAS) rise 28% to $254 billion in FY25. In addition, revenue rose 7% to $182.5 million, statutory net profit after tax rose 60.4% to $33.2 million, and underlying net profit before tax ...

Salter Brothers acquires Causeway AM

ELIZA BAVIN  |  THURSDAY, 21 AUG 2025
Salter Brothers has announced the acquisition of Causeway Asset Management as it expands its private credit business. Causeway is an Australian private credit fund manager with more than $600 million in assets under management and advice. Salter Brothers ...

ASIC warns of 'sharp rise' in financial misconduct

MATTHEW WAI  |  THURSDAY, 21 AUG 2025
New data shows a significant rise in the number of misconduct reports made to ASIC, with more than half of the complaints impacting retail investors. ASIC's half-year reports of misconduct data shows that there were 7561 reports of misconduct from 1 ...

Global X ETFs on a hiring spree, readies for $12bn FUM

MICHELLE BALTAZAR  |  THURSDAY, 21 AUG 2025
Global X ETFs can't seem to stop hiring, adding five new team members to its operations this month as its asset base tips over $11 billion in June, well ahead of its FUM target. Adding AI muscle to its technology team, Global X has hired David Croft ...

ART raises stake in Tabcorp

ELIZA BAVIN  |  WEDNESDAY, 20 AUG 2025
Australian Retirement Trust (ART) has become a substantial shareholder of Tabcorp, now owning 5.072% of shares, representing a 0.02% overweight position based on ART's portfolio construction. Yesterday, Tabcorp disclosed that the super fund had ...

Only half of advice practices report positive earnings: Investment Trends

MATTHEW WAI  |  WEDNESDAY, 20 AUG 2025
The latest findings from Investment Trends reveal that only half of financial advice practices report positive momentum when it comes to profitability. The 2025 Adviser Business Model Report shows that profitability in the sector continues to improve ...

Australia emerges as managed accounts leader: Research

MATTHEW WAI  |  WEDNESDAY, 20 AUG 2025
A new Praemium study found that managed accounts are slowly becoming an essential tool for local financial advisers. According to the survey, 62% of financial advisers currently used managed accounts, an increase from about 59% earlier this year, and ...

CEDA calls for 'seamless economy' reforms as Roundtable begins

ELIZA BAVIN  |  WEDNESDAY, 20 AUG 2025
A new report from the Committee for Economic Development of Australia (CEDA) has called on the government to kick off a new wave of seamless economy reforms and boost its National Productivity Fund. Towards a more seamless Australian economy called ...

Evidentia names chief risk, operating officer

KARREN VERGARA  |  WEDNESDAY, 20 AUG 2025
Evidentia Group has appointed a new chief risk and operating officer who previously worked at MLC Asset Management and Perpetual. Jason Komadina will officially take on the role on August 22. He joined Evidentia in March as an integration lead. Prior ...

HMC Capital sees AUM soar 47%

ELIZA BAVIN  |  TUESDAY, 19 AUG 2025
HMC Capital has reported a 47% increase to assets under management (AUM) in FY25 to $18.7 billion. HMC said FY25 marked a record financial performance for the group with pre-tax operating earnings of $224.6 million - up 74% from FY24. HMC managing director ...