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Showing 471 - 480 of 3995 results for "administration"

HUB24 hits $100bn milestone

KARREN VERGARA  |  TUESDAY, 16 APR 2024
... the end of March. Some $79.7 billion in FUA, up 34% year on year, came directly from the platform. Its Portfolio Administration and Reporting Services' (PARS) FUA of $20.3 billion grew 16% over the year. The recently launched HUB24 Discover, which ...

Netwealth's share price rises following strong inflows

ANDREW MCKEAN  |  FRIDAY, 12 APR 2024
Netwealth's share price increased over 2% as the investment platform announced a $84.7 billion in funds under administration (FUA) as of March 31. The increase marks a $6.7 billion increase for the quarter, driven by $2.7 billion in net inflows and ...

GBST develops private equity platform

ANDREW MCKEAN  |  WEDNESDAY, 10 APR 2024
... that were previously only available to institutional investors. It encompasses a website, online investor, and administration portal to accommodate Luna Partner's "growth and expansion" ambitions. GBST chief executive Rob DeDominicis said the firm ...

Super funds' IDR process weak, inadequate: AFCA

KARREN VERGARA  |  FRIDAY, 5 APR 2024
... cases that bypassed IDR related to delayed claims; 69% came from service quality issues; and 62% accounted for administration error complaints. Bypassing IDRs has consequently aggravated wait times in AFCA allocating caseworkers to complainants. "We ...

Court delays DASS class action settlement approval

KARREN VERGARA  |  FRIDAY, 5 APR 2024
... did not provide more details about the type of information Justice Thawley was seeking. DASS went into voluntary administration in January 2022. ASIC cancelled its licence on 5 April 2023. DASS comprises the glut of the Australian Financial Complaints ...

Citi scores $13bn custody, admin mandate

JAMIE WILLIAMSON  |  THURSDAY, 4 APR 2024
... Services added an ASX-listed investment manager and advice group to its client book. Citi is now custodian, fund administration and registry services provider for Fiducian Group, having completed the migration of over 1300 assets, thousands of transactions ...

Perennial renews contract with SS&C

KARREN VERGARA  |  WEDNESDAY, 3 APR 2024
... follows Perennial selecting HSBC as its fund administrator and custodian. HSBC now provides global custody, fund administration, and ETF administration services to Perennial's funds and in 25 markets. At the end of 2023, Perennial had about $7.1 ...

Wealth firm gears up to change administrator

ANDREW MCKEAN  |  TUESDAY, 2 APR 2024
... compliance across multiple products by consolidating them into one. This reduces product overhead and streamlines administration; all operating under the same infrastructure," he said. Predominantly an adviser-driven platform, he adds that it's crucial ...

TelstraSuper reduces admin fees

ELIZA BAVIN  |  TUESDAY, 2 APR 2024
TelstraSuper has lowered its percentage-based administration fee, effective April 1. The percentage-based administration fee will be reduced from 0.17% to 0.16% p.a. of each member's account balance. "As every little bit counts, we think that this move ...

AustralianSuper hires data strategy lead

ELIZABETH FRY  |  TUESDAY, 2 APR 2024
... 10 years as an adjunct lecturer developing and teaching data and AI courses for the flagship Master of Business Administration degree program. His last executive role was at ANZ, where he ran data and analytics for the business banking unit. AustralianSuper ...