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Showing 41 - 50 of 100+ results for "Netwealth"

Heine family sells Netwealth shares

KANIKA SOOD  |  THURSDAY, 27 AUG 2020
... and Leslie Heine Pty Ltd where Leslie Heine is the only shareholder. The family still has over 135 million shares in Netwealth after the sale. Yesterday's sell down translates into payouts of about $24.3 million for Michael Heine and about $12 million ...

Netwealth reports $43.8m in FY20 profits

KANIKA SOOD  |  TUESDAY, 18 AUG 2020
Netwealth swelled underlying net profit after tax by 21.7% in FY20; as it flags increased IT and infrastructure spend for the next year and a new mobile app for clients. The ASX-listed platform business grew total funds under advice by 35% to $31.5 ...

Super funds slapped over smoker premiums

ALLY SELBY  |  FRIDAY, 7 AUG 2020
AMP, Colonial First State, Equity Trustees, IOOF, Intrust, Netwealth and Suncorp have been caught out by the corporate watchdog for wrongfully assigning 'smoker' statuses to new members, with only four of the aforementioned businesses set to ...

Netwealth hits fund managers with new fee

KANIKA SOOD  |  FRIDAY, 31 JUL 2020
Netwealth will charge fund managers $2000 for each fee rebate arrangement, saying its costs of administering them have gone up. The platform business allows fund managers to offer fee discounts to financial advisers, licensees or managed accounts providers ...

Netwealth launches Milliman managed accounts

ANNABELLE DICKSON  |  FRIDAY, 24 JUL 2020
Global consulting and actuarial firm Milliman has formed a partnership with platform provider Netwealth to widen the distribution of its first range of managed accounts that aim to dampen the effects of market volatility. Milliman's first managed account ...

New global funds added to HUB24, Netwealth

ELIZA BAVIN  |  THURSDAY, 23 JUL 2020
Neuberger Berman has had two of its global strategy funds added to both HUB24 and Netwealth platforms. The Neuberger Berman Emerging Markets Equity Select Fund and Neuberger Berman Strategic Income Fund were launched in Australia 12 months ago, with ...

HUB24 wins out over Netwealth: Ord Minnett

KANIKA SOOD  |  TUESDAY, 21 JUL 2020
Both platform businesses finished FY20 with strong inflows, but Netwealth is overvalued while HUB24 offers a superior growth rate, says Ord Minnett. HUB24 had $17.2 billion of total funds under administration for FY20 while Netwealth had $31.5 billion. ...

Specialist platforms prosper in June quarter

ALLY SELBY  |  MONDAY, 20 JUL 2020
... shares (priced at 26.44 cents per Powerwrap share). It comes only a few days after shares in specialist platform provider Netwealth soared nearly 16%, following the release of its results for the quarter and financial year. Netwealth reported a 35% increase ...

Netwealth booms amid pandemic

ALLY SELBY  |  FRIDAY, 10 JUL 2020
Specialist wealth management platform Netwealth has seen its share price soar, after it reported a 35% increase in funds under administration for the financial year. Shares in Netwealth lifted nearly 16% during trade on Thursday to hit new all-time ...

Advisers switch platforms amid pandemic

ALLY SELBY  |  TUESDAY, 7 JUL 2020
... this capability to more clients, with 44% preferring all their clients to have online portal access." The report found Netwealth continues to lead the platform pack, followed by HUB24 in second spot. CFS First Choice, BT Panorama and Macquarie Wrap also ...