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Showing 5581 - 5590 of 11513 results for "DIV"

Diversa fuels OneVue fund services boost

ALEX BURKE  |  MONDAY, 27 FEB 2017
OneVue's acquisitions of Diversa and OneVue Super Services played a key role in boosting revenue in the group's fund services business by 86% to $8.5 million in the six months to 31 December 2016. OneVue said this represents a $3.9m increase in revenues ...

Centrepoint growing wealth business

KARREN VERGARA  |  MONDAY, 27 FEB 2017
December half-year results for financial advice group Centrepoint Alliance were buoyed by the performance of its wealth division and the sale of its premium funding business. The ASX-listed company's wealth segment reported a 29% EBITDA increase on ...

Super consolidation imminent: research

KARREN VERGARA  |  FRIDAY, 24 FEB 2017
The number of super funds (excluding SMFSs) have dropped by 72% from 872 to 244 in the last ten years (see Figure 1), according to new research from Rice Warner. The annual Superannuation Market Projections Report shows in 2016, 83 out of 219 funds ...

Platinum's AUM and profit take a hit

KARREN VERGARA  |  FRIDAY, 24 FEB 2017
Platinum Asset Management reported a significant drop in assets under management and profitability in the six months to December 2016. Total AUM of $23.2 billion was hit with a $1.7 billion net outflow, down 13% on the previous corresponding period ...

International manager secures VicSuper mandate

JAMIE WILLIAMSON  |  THURSDAY, 23 FEB 2017
A global fixed income investment manager received a significant mandate from VicSuper. In a bid to continue generating strong returns for members, the $17 billion superannuation fund has engaged Colchester Global Investors to add diversity to its existing ...

IMAP ensuring greater representation for MDAs

JAMIE WILLIAMSON  |  THURSDAY, 23 FEB 2017
Ahead of new regulatory requirements the Institute of Managed Account Professionals will establish a sub-committee to represent the interests of managed discretionary account providers. Commencing in March, the MDA Providers Forum will be an invitation-only ...

Padua founder takes on new role

ALEX BURKE  |  WEDNESDAY, 22 FEB 2017
The founder of Padua Financial Group is returning to take on a leadership role at the advice-focused fintech group he co-founded in 2013. Matt Esler is returning as Padua Financial Group's executive chair after co-founding the company in 2013 with his ...

Industry super attacks SMSFs

JAMIE WILLIAMSON  |  WEDNESDAY, 22 FEB 2017
Industry Super Australia says growth in the SMSF sector is a result of members having low levels of financial literacy. Citing a 2016 working paper from CIFR, ISA chief economist Stephen Anthony said the 5.5% increase in SMSF membership in 2015 was ...

More firepower in Challenger play

DARREN SNYDER  |  WEDNESDAY, 22 FEB 2017
February's flood of half-year reports from listed retail investment managers conveys a critical narrative about the changing nature of wealth product manufacturers and their respective distribution strategies. As investment manager profits remain under ...

Infrastructure fund receives recommended rating

DARREN SNYDER  |  TUESDAY, 21 FEB 2017
Zenith Investment Partners has given a recommended rating to the UBS Clarion Global Infrastructure Securities Fund. The fund was jointly launched in 2016 by UBS Asset Management and CBRE Clarion Securities. The fund offers investors a combination of ...