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Showing 41 - 50 of 197 results for "Exo"

Labor promises to recognise adviser experience

KARREN VERGARA  |  FRIDAY, 10 DEC 2021
Labor promises it will dump educational requirements for financial advisers with over a decade's experience if it comes to power. Shadow minister for financial services Stephen Jones said such advisers with a clean record will not be required to ...

Future Fund becoming more expensive to operate

KARREN VERGARA  |  THURSDAY, 28 OCT 2021
The cost of running the Future Fund has increased significantly during the 2021 financial year to 2.49%. According to Rainmaker analysis, the cost has jumped from 1.13% in FY20 and 1.57% in FY18. These figures comprise operating costs and look-through ...

Government-run super would leave members worse off: ISA

KARREN VERGARA  |  MONDAY, 25 OCT 2021
New modelling from Industry Super Australia finds that the establishment of a government-run fund would see a member $126,000 worse off at retirement. The new report, Nationalising super: Why politicians should keep their hands off your retirement savings ...

Ex-Pengana staff launch boutique

KARREN VERGARA  |  THURSDAY, 21 OCT 2021
Five former Pengana staff members have emerged to launch the boutique, Pella Funds Management. Pella's chief investment officer Jordan Cvetanovski and managing director Steven Glass have set up shop following their surprise exodus in March. Former Pengana ...

Benefits of advice reforms yet to materialise

KARREN VERGARA  |  TUESDAY, 24 AUG 2021
The myriad of regulatory reforms in the financial advice industry is raising concerns about the effects on the accessibility and quality of advice. This is according to Rainmaker's latest analysis of the ASIC Financial Adviser Register, which saw almost ...

Industry associations slam last resort scheme

KARREN VERGARA  |  FRIDAY, 13 AUG 2021
Major professional associations have united to rally against the newly proposed compensation scheme of last resort. The Chartered Accountants Australia and New Zealand, CPA Australia, Financial Planning Association of Australia, Institute of Public ...

Abrdn acquires robo-adviser

ANNABELLE DICKSON  |  WEDNESDAY, 11 AUG 2021
The Scottish wealth management firm is purchasing Exo Investing from Nucoro and will produce a digital wealth management app with AI capabilities. The acquisition will help Abrdn develop an industry-leading technology solution for investors powered ...

M&As to create super advice firms

KARREN VERGARA  |  FRIDAY, 23 JUL 2021
Mergers and acquisitions will power the financial advice industry, culminating in the formation of "advice mega firms" in the near future, a new white paper suggests. According to a new report by AZ Next Generation Advisory (AZ NGA), the collapse of ...

Pinnacle affiliates reach $85bn AUM

KARREN VERGARA  |  THURSDAY, 20 MAY 2021
Pinnacle Investment Management has reported a 20% boost in assets under management across all its affiliates, hitting $84.9 billion in the space of four months. In an update to investors, the ASX-listed firm announced robust end of April 2021 results ...

Suncorp divests super unit to industry fund

KARREN VERGARA  |  WEDNESDAY, 28 APR 2021
Suncorp will divest its wealth division to an industry fund, transferring $6.4 billion in assets under management and 137,000 members. LGIAsuper will pay $45 million for the acquisition of Suncorp Portfolio Services and will retain about 130 staff that ...