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Showing 581 - 590 of 6208 results for "SIX"

Netwealth records $78bn FUA, flags departure

JAMIE WILLIAMSON  |  MONDAY, 29 JAN 2024
Netwealth is reporting a record increase in funds under administration (FUA), as it prepares to farewell its chief financial officer. In a quarterly update, Netwealth said a $6 billion increase in FUA in the December quarter has pushed its total FUA ...

Interest rates drive adviser conversations in 2024

KARREN VERGARA  |  THURSDAY, 25 JAN 2024
... clients want to make a substantial investment in real estate. A survey by finance comparison site Mozo reveals that one in six Australians fork out 40% to 60% of their monthly income on home loan repayments. Nearly 40% of the 2100 mortgage holders surveyed ...

Generation Development Group nears $3bn

ANDREW MCKEAN  |  TUESDAY, 23 JAN 2024
... emanating form the proposed taxation changed to superannuation for balanced above $3 million," he said. "Bond inflows for the past six months have increased by over 22% compared to the prior corresponding period. "This result positions us well for the ...

Qantas Super reduces premiums again

KARREN VERGARA  |  TUESDAY, 23 JAN 2024
Qantas Super has again reduced its insurance premiums six months after it made a round of cuts. On January 1, Qantas Super premiums for income protection reduced by 13%, while rates for default and voluntary death and total and permanent disablement ...

Powerwrap bleeds $334m in outflows

KARREN VERGARA  |  WEDNESDAY, 17 JAN 2024
... rate of outflow from advisers who have transitioned to a non-Powerwrap licence will continue at a similar rate for a further six to nine months." Praemium ended 2023 with $48.3 billion in total FUA, 12% more than the prior corresponding period. Despite ...

Zenith welcomes group head of product

CHLOE WALKER  |  TUESDAY, 16 JAN 2024
... Warren spent five years with ANZ, finishing as a senior product development manager. He also worked at Macquarie Group for six years in product management, superannuation, and adviser servicing roles. In his new role, based in Sydney, Warren will report ...

Cromwell downgrades assets by $192m

KARREN VERGARA  |  MONDAY, 15 JAN 2024
Cromwell Property Group saw the value of its assets dive $192.1 million in the six months to December 2023. The amount represents a 7.5% reduction following an independent valuation. This is across eight out of nine properties. The real estate fund ...

Bitcoin ETFs reach US$4.6bn in trading volume on launch day

ANDREW MCKEAN  |  FRIDAY, 12 JAN 2024
... gain a competitive edge, Bitwise, ARK Invest, and Invesco have announced a strategy of offering zero fees for the initial six months, reverting to set fee rates of 0.24%, 0.25%, and 0.59% respectively thereafter. Grayscale stands out as the costliest ...

Stake names new chief executive

KARREN VERGARA  |  FRIDAY, 12 JAN 2024
... record in scaling large financial services businesses. He's had an incredible impact as chief commercial officer over the past six months, and I'm excited to work with him in his new role as chief executive," he said.

Investors livid over fresh portfolio valuation: Mayfair 101

JAMIE WILLIAMSON  |  WEDNESDAY, 10 JAN 2024
... the Federal Court of Australia, and that Mayfair's investments were solid. ASIC had no right to take that away from nearly six hundred people like me who did their due diligence and backed the company's strategy," unitholder Bruce Golightly said. "Sadly ...