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Showing 711 - 720 of 4006 results for "Accounts"

Recession risk for Australia minimal: Forum

KARREN VERGARA  |  TUESDAY, 14 FEB 2023
... 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 ...

ASIC permanently bans former advisers

CHLOE WALKER  |  TUESDAY, 14 FEB 2023
... 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 ...

Fiducian expands adviser base, increases FUA

KARREN VERGARA  |  MONDAY, 13 FEB 2023
... 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 ...

Super disruptors throw in the towel

KARREN VERGARA  |  THURSDAY, 9 FEB 2023
... 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 ...

APAC REITs see robust growth

CHLOE WALKER  |  WEDNESDAY, 8 FEB 2023
... 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 ...

Negative wholesale funds market growth continues

ANDREW MCKEAN  |  WEDNESDAY, 8 FEB 2023
... 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 ...

Magellan FUM increases despite outflows

CASSANDRA BALDINI  |  MONDAY, 6 FEB 2023
... 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 ...

Associations call for improved access to financial advice

ANDREW MCKEAN  |  FRIDAY, 3 FEB 2023
... 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 ...

Adviser sentenced over accessing client accounts

CHLOE WALKER  |  FRIDAY, 3 FEB 2023
... 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 ...

Netwealth rolls out platform enhancements

CASSANDRA BALDINI  |  FRIDAY, 3 FEB 2023
... 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 ...