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| | | ... added. Furthermore, these households are cashed-up, with some $280 billion sitting in savings and $110 billion in offset accounts. The lower income group on the other hand might be feeling the pinch. Household savings for low-income earners fell materially ... |
| | | | ... behaviour for two years. Goel previously pled guilty to dishonesty obtaining over $35,000 from his client's superannuation accounts. The sentence follows an ASIC investigation which found that between November 2018 and July 2019, Goel stole the superannuation ... |
| | | | ... over time". During the last six months of 2022, Fiducian launched Auxilium, an in-house platform for separately managed accounts targeting independent financial advisers. It also launched Deep Green SMA in a bid to capture the ESG segment. The group's ... |
| | | | ... start-ups. Emergency measures introduced by the government in 2020 enabled members to withdraw up to $20,000 from their accounts, making many providers vulnerable, Rainmaker Information executive director Alex Dunnin said. Stapling, which kicked off ... |
| | | | ... from 2017. Geographically, growth has been driven by Singapore, which saw a 144% rise in its alternative weight and now accounts for 35.7% of developed Asia's REITs. Australia's share shrunk from 33.2% in 2017 to 19.9% in 2022, due to the exclusion of ... |
| | | | ... funds under administration (FUA) decreased by 4% (-$32 billion) to $769 billion in master trusts, wraps, and managed accounts. Of the major platform segments, corporate super was the sole segment with positive growth (2%), benefiting from the consolidation ... |
| | | | ... FUM now sits at $19 billion, up from $18.9 billion. By sector, the largest gain was in Australian equities which now accounts for $9 billion, up from $8.5 billion. Its global equities FUM rose slightly to $20.8 billion from $20.6 billion, as did infrastructure ... |
| | | | ... Council chief executive Blake Briggs, FINSIA chief executive and managing director Yasser El-Ansary, Institute of Public Accounts chief executive Andrew Conway, Licensee Leadership Forum chief executive Neil Younger, SMSF Association chief executive ... |
| | | | ... from being a company director for five years. In May 2020, Wertheimer made 48 unauthorised transactions on the trading accounts of clients using the Netwealth platform. He also lodged five hard copy investment instruction documents with Netwealth, which ... |
| | | | ... account notifications, like minimum cash balances. "For advisers, staying on top of clients' super and investment accounts is a critical part of their daily activities," explained Netwealth managing director Matt Heine. "From monitoring corporate ... |
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