Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 41 - 50 of 1959 results for "Rainmaker"

New CFS platform at the cutting Edge: Quirk

CHLOE WALKER  |  TUESDAY, 1 AUG 2023
... competitive product, with a particular focus on high efficiencies and simple solutions for advisers, Quirk said. According to Rainmaker data, FirstChoice commands the greatest market share of advisers, both aligned and non-aligned. "We still see absolute ...

NGS Super expands leadership

ELIZABETH FRY  |  FRIDAY, 21 JUL 2023
... independent education and community sectors. According to Alex Dunnin, executive director of research and compliance at Rainmaker Information, Australia's super fund marketplace is now so concentrated that the biggest 20 hold a whopping 95% of the ...

Advisers' experience stands at 14.5 years

KARREN VERGARA  |  WEDNESDAY, 19 JUL 2023
... Financial advisers have 14.5 years of professional advice experience on a median basis, but very few have more than 20, a Rainmaker analysis shows. Rainmaker's June 2023 Financial adviser report based on ASIC's Financial Adviser Register found that very ...

Office sector down 8%: MSCI

KARREN VERGARA  |  FRIDAY, 14 JUL 2023
... valuations and fears that continuing hybrid work policies are negatively impacting the flagship office property sector," Rainmaker Information executive director of research Alex Dunnin said. Many of the dynamics playing out in the sector has led to ...

FY23 farewells 700 advisers

KARREN VERGARA  |  FRIDAY, 14 JUL 2023
... number of advisers, dragging down the total population to 15,708 from 16,415 at the end of the 2023 financial year. Rainmaker analysis of ASIC's Financial Adviser Register found a 4% year-on-year decline in the adviser pool from 16,415 advisers practising ...

Ownership changes spur upheaval in unit trust sector

KARREN VERGARA  |  WEDNESDAY, 12 JUL 2023
... owned by Australia's largest banks and then divested in the wake of the scandals exposed by the Royal Commission, Rainmaker said. As an example, AMP Capital's remaining unit trusts have lost around $1.9 billion in net flows in the year to March. ...

Retirees to own 55% of all super come 2032: Rainmaker

CHLOE WALKER  |  TUESDAY, 11 JUL 2023
Within the decade, retirees will own more than half of all superannuation funds under management (FUM), Rainmaker Information forecasts. Last year, super fund members aged 65 or older owned 40% of Australia's $3.3 trillion in superannuation assets. ...

Magellan's FUM falls again

CHLOE WALKER  |  THURSDAY, 6 JUL 2023
... billion in July. This figure will be reflected in the fund's FUM and performance fee update for next month. According to Rainmaker research, the fund manager bled $6 billion in the year to March. In April, it lost another $2.2 billion, and in May a further ...

HESTA generates 9.59% investment return

ANDREW MCKEAN  |  THURSDAY, 6 JUL 2023
... return, while Cbus and AustralianSuper trail with 8.95% and 8.22% respectively. To put the investments in perspective, Rainmaker Information forecasts MySuper products to report an average return of about 9% for FY23. Even with a challenging investment ...

AustralianSuper posts solid return for FY23

ANDREW MCKEAN  |  WEDNESDAY, 5 JUL 2023
AustralianSuper has posted an 8.22% return for its balanced investment option. Of note, the Rainmaker MySuper performance index benchmark is likely to yield a return around 9%. AustralianSuper chief investment officer Mark Delaney said that the fund ...