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Showing 651 - 660 of 6146 results for "Money"

Fund manager injects $28m in Stockspot

KARREN VERGARA  |  WEDNESDAY, 16 AUG 2023
... low," Garrett said. "We are extremely grateful for the clients who have entrusted Six Park and its team to help manage their money. It has been a privilege to do so." In choosing Stockspot, Mirae chair and global strategy officer Hyeon-Joo Park said ...

ASIC sues debt management firm, director

CHLOE WALKER  |  THURSDAY, 10 AUG 2023
... creditors in a timely manner or even at all. Bakken collected $3.6 million from its customers but paid only $1.1 million of this money to creditors. Over half (64%) of these customers did not have payments made to their creditors at all. The fees Solve ...

ASIC looking to send message with eToro action

CASSANDRA BALDINI  |  WEDNESDAY, 9 AUG 2023
... case considered, CFDs to be little more than gambling. We know that most people who invest in these products lose their money and that those losses are substantial." After the Royal Commission, the government introduced a comprehensive set of new laws ...

Private credit to play critical role in the economy: MA Financial

CHLOE WALKER  |  TUESDAY, 8 AUG 2023
... Houston said. "It's time and that uncertainty that has a big impact on borrowers, particularly today as the time value of money is increasing because rates have increased, any waiting time is now a major cost for the borrower. "Then there's the ...

Treasury kicks off managed investment scheme reforms

KARREN VERGARA  |  TUESDAY, 8 AUG 2023
... other equities or investments operated by a bank like a term deposit. The superannuation sector invests 55% of members' money in managed funds (excluding self-managed superannuation funds). One area the review will consider is the appropriate threshold ...

Online investor numbers dip as cost-of-living bites

CHLOE WALKER  |  FRIDAY, 4 AUG 2023
... contributing to these outcomes, Investment Trends added. For example, 34% dormant online investors noted not having enough money to invest as the leading factor for halting their activity, while for the next wave the lack of sufficient disposable income ...

Pinnacle steadies FY23 profit, FUM

KARREN VERGARA  |  FRIDAY, 4 AUG 2023
... affiliates, saw FUM of $91.9 billion increase 10% annually. Net inflows in Australia for FY23 totalled $1.5 billion thanks to money going into public and private credit, new commitments and drawn capital into infrastructure. Wholesale and retail flows ...

eToro sued by ASIC

ANDREW MCKEAN  |  THURSDAY, 3 AUG 2023
... target market for its CFD product was far too broad for such a high-risk and volatile trading product where most clients lose money. The regulator also claims that the screening test was wholly inadequate to assess whether a retail client was likely ...

More than $100k raised at FICAP RockStar

STAFF WRITER  |  WEDNESDAY, 2 AUG 2023
... on the night," FICAP founder Marnie McLaren said. "It's so heart-warming to see the industry come together to raise money for charity and we can't thank our sponsors enough for their generosity in supporting FICAP and this year's charities ...

Advisers lacking PII sidestep AFCA rulings

KARREN VERGARA  |  FRIDAY, 28 JUL 2023
... over the last year, over the last six months," he said. As an example, a farmer came to AFCA furious thinking he'd lost money, when the opposite was true. "He was making a profit. When we explained that to him the dispute disappeared," Singh said. ...

Editor's Choice

Global X awards mandate for ETF business

ELIZA BAVIN  |   12:33PM
Global X has awarded a new custody and administration mandate for its Australian ETF business.

Bell Asset Management launches small-caps fund

KARREN VERGARA  |   11:56AM
Bell Asset Management has formally launched its Australian Small Companies Fund, which is run by former Tyndall Asset Management portfolio managers.

Former Australian Ethical finance chief lands new gig

MATTHEW WAI  |   11:09AM
The former chief financial officer of the ethical investment manager has joined a local finance company after wrapping up his tenure at AUB Group.

MySuper assets pursue $1.5tn Choice sector

KARREN VERGARA  |   12:20PM
MySuper assets are fast catching up to the $1.5 trillion Choice sector, hitting nearly $1.2 trillion in the March quarter.

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