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Showing 721 - 730 of 4006 results for "Accounts"

Praemium takes 53% hit to inflows

CASSANDRA BALDINI  |  MONDAY, 23 JAN 2023
... billion in June. Its platform saw a 7% increase to $20.9 billion from $19.5 billion last June, while Separately Managed Accounts (SMA) increased by 11% to $9.0 billion from $8.1 billion. "The December quarter of the 2023 financial year has seen both ...

Managed accounts growth to continue: State Street

CASSANDRA BALDINI  |  THURSDAY, 19 JAN 2023
With more than half of Australia's financial advisers now using managed accounts, State Street ETF model portfolio strategist Sinead Schaffer says their popularity is only going to continue to rise. Speaking with Financial Standard, Schaffer said ...

Government to close child sex abuser loophole in super

ANDREW MCKEAN  |  THURSDAY, 19 JAN 2023
... compensation. Courts would also be entitled to access Australian Taxation Office (ATO) data about offenders' superannuation accounts, giving transparency to victims of their assets. In an interview with Sky News, assistant treasurer and minister ...

Treasury working on QAR, super tax concessions

CASSANDRA BALDINI  |  THURSDAY, 19 JAN 2023
... superannuation account. Rainmaker Information executive director of research Alex Dunnin explained only 1% of all super accounts hold more than $1 million. "However, this cohort own 11% of all superannuation funds under management, so they own a disproportionate ...

Netwealth reports FUA increase

CHLOE WALKER  |  THURSDAY, 19 JAN 2023
... than average of the outflows was non-administration fee paying," it said. It also reported an increase of 2568 member accounts in the quarter, now sitting at 121,032. In FY22, Netwealth said it "strategically stepped up our investment in people and technology ...

From strength to strength: GQG Partners

ANDREW MCKEAN  |  WEDNESDAY, 18 JAN 2023
... $8 billion now. But notably, there's been strong growth in the wholesale segment, enabled by the rise of managed accounts. As previously reported by Financial Standard, according to Rainmaker Information the managed account market reached $175 billion ...

Fraudsters jailed over international crypto scam

JAMIE WILLIAMSON  |  WEDNESDAY, 18 JAN 2023
... adviser and was responsible for converting the crypto into cash, which was then laundered through various foreign online accounts. According to the Lancashire Constabulary, the offenders handed out thousands of dollars in gift cards in the street and ...

JPMorgan says fintech was a fraud, closes business

JAMIE WILLIAMSON  |  MONDAY, 16 JAN 2023
... shuttered the financial planning fintech it acquired in 2021 and is suing its founder, claiming most of its users were fake accounts created to inflate the business' value. In September 2021, JPMorgan Chase acquired Frank, a platform that assisted college ...

Former fund manager employee permanently banned

CHLOE WALKER  |  MONDAY, 9 JAN 2023
... between August 2018 to August 2021. Eight IP was the sub-manager of a fund portfolio held in linked securities trading accounts (managed accounts) to which Kim had access. ASIC alleged that between 2019 and 2021 Kim caused the securities held in the ...

Managed accounts dominated by SMAs

ANDREW MCKEAN  |  WEDNESDAY, 21 DEC 2022
According to Rainmaker data, separately managed accounts' (SMA) footprint in the managed account sector has risen dramatically in two years. SMAs funds under advice (FUA) in the past two years increased 151%. Meanwhile, managed discretionary accounts ...