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Showing 661 - 670 of 7219 results for "Record"

AFCA urges super trustees to improve processes

ELIZA BAVIN  |  TUESDAY, 13 AUG 2024
... shield members from fraud, and to ward off any escalation of activity by scammers." AFCA recently revealed it received a record number of complaints in FY24, jumping 9% to 105,000. Preliminary numbers show scam-related complaints drove the surge, together ...

Netwealth FUA nears $90bn

KARREN VERGARA  |  TUESDAY, 13 AUG 2024
A mixture of inflows and market rally helped boost Netwealth's funds under advice (FUA), jumping 25.2% to $88 billion in the year to June. The growth comprised net inflows of $11.2 billion and market movement of $6.5 billion, buoyed by the 143,251 ...

Monash Investors merges with DMX AM

ELIZA BAVIN  |  TUESDAY, 13 AUG 2024
... four years. Prior to that he was an investment strategist, joining the company in 2019. Monash said DMX's strong track record of successful investing in the smaller end of the ASX will benefit its broadening coverage of the fund. The completion of the ...

Vanguard, Betashares, iShares neck and neck in battle for inflows

ANDREW MCKEAN  |  MONDAY, 12 AUG 2024
... Australian ETF industry reached a new all-time high in assets under management (AUM), hitting $215.6 billion, driven by record net flows of $3.5 billion in July. Betashares attributed the flows to the long running trend of investors using the new financial ...

ASIC intends to extend legislative instruments

MATTHEW WAI  |  FRIDAY, 9 AUG 2024
ASIC is set to extend three legislative instruments for five years, one of which relates to record keeping for financial advisers. The instruments are: Class Order [CO 14/923] Record-keeping obligations for Australian financial services licensees when ...

Iress snags Insignia Financial executive

ELIZABETH FRY  |  FRIDAY, 9 AUG 2024
... MLC Wealth, Colonial First State and Zurich Financial Services. Iress chief executive Marcus Price noted his strong track record of leading transformational change within the wealth management industry, with considerable experience in the operating and ...

No one immune to cost-of-living pain: ABS

ELIZA BAVIN  |  WEDNESDAY, 7 AUG 2024
Living costs have risen for all Australian household types in the June quarter, according to data from the Australian Bureau of Statistics (ABS). ABS head of prices statistics Michelle Marquardt said increases in living costs in the June quarter ranged ...

NZ Super Fund names chief risk officer

MATTHEW WAI  |  WEDNESDAY, 7 AUG 2024
... been instrumental in establishing various projects, including the fund's responsible investment processes and the risk record framework. NZ Super Fund currently has about $70 billion in funds under management.

Former wealth management chief ousted from financial services

ANDREW MCKEAN  |  FRIDAY, 2 AUG 2024
The founder and former chief executive of wealth management firm United Global Capital, Joel Hewish, has been slapped with a 10-year ban from providing financial services. Hewish, who is also prohibited from holding any role within a financial services ...

Wilsons Advisory snaps up private wealth practice

ELIZA BAVIN  |  FRIDAY, 2 AUG 2024
... delighted to be welcoming the new additions to the private wealth team. "James brings a wealth of experience and a proven track record in private wealth management. James will work with our head of Melbourne Ted Richards to further grow and expand our ...