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Showing 31 - 40 of 100+ results for "Netwealth"

Managed funds recover FUM losses

ANNABELLE DICKSON  |  WEDNESDAY, 16 SEP 2020
... there is pervading air of uncertainty." The retail funds that experienced significant increases were IOOF at 85.3%, Netwealth at 33.9% and HUB24 at 33.7%. Interestingly, the lowest increases were experienced by the top four by FUM including BT at -5.8% ...

CFS partnership to sustain advice industry

ANNABELLE DICKSON  |  FRIDAY, 11 SEP 2020
... into financial services firms over the next 12 months and has already partnered with IOOF and its subsidiaries, Zurich, Netwealth, BT and Madison Financial Group. Striver chief executive and founder Alisdair Barr said through the partnership with CFS ...

Credit Suisse names preferred investment options

ELIZA BAVIN  |  TUESDAY, 8 SEP 2020
... expected recovery in flows." They added that COVID-19 appears to have had minimal impact with sector heavyweights HUB24 and Netwealth issuing bullish flows guidance that were also ahead of market expectations. "Revenue pressure from normalising cash ...

Northern Trust races up custody league tables

KANIKA SOOD  |  FRIDAY, 28 AUG 2020
... NAB Asset Servicing (14.1%), BNP Paribas (12.3%), State Street (10.7%), HSBC Bank (4.8%), RBC (3.4%), Ausmaq (1.6%), Netwealth (0.8%) and BNY Mellon (0.7%). ACSA chief executive Robert Brown said the fall in total assets under custody was largely a result ...

Heine family sells Netwealth shares

KANIKA SOOD  |  THURSDAY, 27 AUG 2020
... and Leslie Heine Pty Ltd where Leslie Heine is the only shareholder. The family still has over 135 million shares in Netwealth after the sale. Yesterday's sell down translates into payouts of about $24.3 million for Michael Heine and about $12 million ...

Netwealth reports $43.8m in FY20 profits

KANIKA SOOD  |  TUESDAY, 18 AUG 2020
Netwealth swelled underlying net profit after tax by 21.7% in FY20; as it flags increased IT and infrastructure spend for the next year and a new mobile app for clients. The ASX-listed platform business grew total funds under advice by 35% to $31.5 ...

Super funds slapped over smoker premiums

ALLY SELBY  |  FRIDAY, 7 AUG 2020
AMP, Colonial First State, Equity Trustees, IOOF, Intrust, Netwealth and Suncorp have been caught out by the corporate watchdog for wrongfully assigning 'smoker' statuses to new members, with only four of the aforementioned businesses set to ...

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 ...

Netwealth launches Milliman managed accounts

ANNABELLE DICKSON  |  FRIDAY, 24 JUL 2020
Global consulting and actuarial firm Milliman has formed a partnership with platform provider Netwealth to widen the distribution of its first range of managed accounts that aim to dampen the effects of market volatility. Milliman's first managed account ...

New global funds added to HUB24, Netwealth

ELIZA BAVIN  |  THURSDAY, 23 JUL 2020
Neuberger Berman has had two of its global strategy funds added to both HUB24 and Netwealth platforms. The Neuberger Berman Emerging Markets Equity Select Fund and Neuberger Berman Strategic Income Fund were launched in Australia 12 months ago, with ...