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Showing 531 - 540 of 1226 results for "FUM"

Priced out: Advice affordability at risk

ELIZABETH MCARTHUR  |  MONDAY, 9 SEP 2019
The issue of affordability is plaguing the financial advice industry, further compounded by recent action taken by both AMP and MLC Wealth. Speaking at the recent Association of Financial Advisers' National Conference, AFA general manager of policy ...

Pendal hires State Street exec

KARREN VERGARA  |  THURSDAY, 29 AUG 2019
... in 2011, Pendal's offshore presence has grown significantly and provided an increasing contribution to the group's FUM and profit." Pendal Group has $101.3 billion of assets under management, of which $22 billion is managed on behalf of US cl ...

IOOF advice remediation hits $235m

KARREN VERGARA  |  MONDAY, 26 AUG 2019
IOOF will fork out a whopping $235.3 million to compensate customers for bad advice and charging fees for no service rendered. The ASX-listed firm's June 2019 financial results were overshadowed by its client remediation bill that is expected to ...

Netwealth FUA, adviser numbers rise

KARREN VERGARA  |  MONDAY, 19 AUG 2019
... higher transaction and ancillary fee income as these clients desire higher functionality." Netwealth's managed accounts FUM reached $2.8 billion, up 50.4% year on year. It declared a fully franked final dividend of 6.6 cents per share.

Fidante loses $3.9bn of super fund assets

KARREN VERGARA  |  TUESDAY, 13 AUG 2019
... Fidante recorded net outflows of $3.6 billion, dragged by the loss of one major client. The funds management business' total FUM for the period dropped 1.2% to $58.9 billion. Challenger Investment Partners, which originates and manages fixed income ...

Pinnacle kicks off race to zero-fee ETFs

KANIKA SOOD  |  MONDAY, 29 JUL 2019
... become cheaper, by virtue of scale. BetaShares chief executive Alex Vynokur says there is a relationship between an ETF's FUM and its MER, which includes expenses paid to the index provider, fund administrator, auditor, and stock exchange. "Potentially ...

BetaShares launches FTSE 100 ETF

KANIKA SOOD  |  TUESDAY, 16 JUL 2019
... but cooled off on currency and commodities ETFs in the first half, as strong inflows and buoyant markets pushed the total FUM over the $50 billion mark. Last week, BetaShares launched an Aussie government bond ETF that aims to track the performance of ...

Perpetual Investments leaks $1.1bn

KANIKA SOOD  |  TUESDAY, 16 JUL 2019
... down $0.3 billion over the previous quarter. PPT shares had fallen by $1.79 at the end of yesterday's trading, following the FUM announcement. Shares have continued to trend lower in this morning's trading. Asset class mix, distribution channels The ...

ETFs cross $50bn, fixed income leads

KANIKA SOOD  |  FRIDAY, 12 JUL 2019
... but cooled off on currency and commodities ETFs in the first half, as strong inflows and buoyant markets pushed the total FUM over the $50 billion mark. ETFs attracted $4.4 billion in net inflows in the six months to June, which is a significant increase ...

Vanguard lowers fees

ELIZABETH MCARTHUR  |  TUESDAY, 25 JUN 2019
... management at the end of March - with a total of $3.57 billion. The Vanguard Australian Shares Index ETF had $3.45 billion in FUM at the end of March. These new fee reductions follow two price drops implemented earlier this year for Vanguard's US ...