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| | | ... dollar value. Evidentia works with private wealth firms to build investment portfolios, specifically separately managed accounts (SMA). Founded in 2018, it now has 24 staff members based in Sydney, Melbourne, Brisbane, and New York. Evidentia founder ... |
| | | | ... commenced civil penalty proceedings against the trustee of AustralianSuper, alleging failures to address multiple member accounts. The regulator allege round 90,000 AustralianSuper members were affected, costing members approximately $69 million in multiple ... |
| | | | ... funds under management increased by $1.6 billion to hit $18.1 billion. Net inflows recorded were $700 million. Managed accounts also saw net inflows of $600 million, and positive market movement of $700 million to push them towards $15.5 billion. In ... |
| | | | ... wealth market," UBS said. Prior to a five-year stint at BNP Paribas, Ngoeun served as senior vice president, strategic accounts at Japanese global asset manager Nikko AM. He has also held various distribution roles at BlackRock and worked in investment ... |
| | | | ... liquidity. There were also no new mandates won in the quarter, Insignia said. However, it did see strong gains in its managed accounts offering, including a record $251 million net flow in October and a 20.9% year on year increase in the number of investor ... |
| | | | ... younger Australians are using the money they're saving from cutting back on non-essentials to stash into their savings accounts instead. The data, based on a recent survey of around 2000 Australians, found that Gen Z customers are cutting back on ... |
| | | | ... Despite the massive outflows, Powerwrap's total assets rose by 5% to $12.5 billion year on year. FUA for separately managed accounts (SMA) of $10.4 billion was up 16%. The SMA offering recorded quarterly net inflows of $159 million. Meanwhile, the Virtual ... |
| | | | ... of experience to the role, having spent the last five years at Colonial First State (CFS) as its director of managed accounts. Prior to this, Warren spent five years with ANZ, finishing as a senior product development manager. He also worked at Macquarie ... |
| | | | ... Additionally, currency conversion fees dropped by two thirds to 0.25%; customers can hold funds in 11 different currency sub-accounts and save on FX fees when trading. The changes will help more people seize opportunities in global capital markets in ... |
| | | | ... "unsound and ahistorical." "I am concerned that these products will flood the markets and land squarely in the retirement accounts of US households who can least afford to lose their savings to the fraud and manipulation that appears prevalent in the ... |
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